Should I buy Wirecard stock?

Asked 3 years ago

Hi, I have a question for experienced stock traders/investors. I am trading on Etoro and looking for stocks I can buy that are considered good long-term investments. I am aware that Wirecard has somewhat crashed and is at an all-time low, but do you think the stock go back up? What does your analysis say? Does it have a future? Looking forward to your response.

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Andrew Moran

Wednesday, September 08, 2021

The answer to your question might lie in the trading volumes. They have crashed significantly over the last year, averaging from around 18 million to barely above 38,000. That may tell you everything you need to know: investors are steering clear from the Wirecard stock.
Plus, if you comb through the headlines, there are way too many flears regarding this company and its leadership. 
That said, it is trading near record lows so perhaps it is worth taking a gamble. Penny stocks are prone to pumps and dumps, so perhaps buying close to the bottom can allow you to take a quick profit on this investment.
Long-term? It's probably not a good idea.