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      Biggest Stock Losers This Month - September 2023

      By Fahim Awan

      Published on

      September 26, 2023

      6:53 PM UTC

      Last Updated on

      November 21, 2023

      12:43 PM UTC

      Biggest Stock Losers This Month - September 2023

      In the ever-fluctuating landscape of financial markets, the past month has witnessed a stark divergence in fortunes.

      As we scrutinize the most notable equities that bore the brunt of volatility, a panorama of the biggest stock losers this month emerges.

      This dissection of market dynamics unveils the underlying catalysts behind these downturns, shedding light on the intricate web of factors shaping the investment landscape.

      Join us as we delve into the stories of resilience and recovery amid these turbulent times.

      Understanding Stock Market Volatility

      Stock market volatility, akin to the unpredictable tempest, wields profound influence over investors’ fortunes.

      Its capricious fluctuations test resolve and strategy, both rewarding and punishing with equal fervor.

      Those astute enough to navigate this turbulent sea may reap substantial gains, while the unprepared face perilous losses.

      In this dynamic environment, prudent risk management and a long-term perspective become indispensable shields, safeguarding investors against the capricious whims of the market.

      Factors Influencing Stock Price Fluctuations

      • Market Sentiment and Emotions

        Investor sentiment plays a pivotal role in stock price fluctuations.

        Fear, greed, and overall market sentiment can lead to rapid price swings, often detached from fundamental analysis.

      • Economic Indicators

        Factors like GDP growth, inflation rates, and employment data can influence stock prices.

        Economic strength or weakness can impact corporate earnings and investor confidence.

      • Corporate Earnings and Performance

        A company’s financial health directly affects its stock price. Positive earnings reports and strong performance tend to drive prices up, while poor results can lead to declines.

      • Interest Rates and Monetary Policy

        Central bank decisions on interest rates impact borrowing costs, affecting businesses’ profitability and stock valuations.Interest Rates and Monetary Policy

      • Geopolitical Events

        Global events, such as political tensions or trade disputes, can disrupt markets, causing significant fluctuations.

      • Technological Advancements

        Innovations and disruptive technologies can rapidly change industry dynamics, affecting stock prices.

      • Regulatory Changes

        Government regulations can impact industries, leading to price volatility as companies adapt to new rules.

      Top Losers Stock List

      This report on the top 10 losers stock will serve as vital barometers of market dynamics.

      It will not only provide investors with crucial insights into these stocks but also facilitate risk management strategies.

      1. Better Home & Finance Holding Company (BETR)

        Among the biggest stock losers this month, Better Home & Finance Holding Company (NASDAQ: BETR) stands prominently atop the roster, exhibiting a substantial plummet more than 96%.

        Notably, it also occupies a conspicuous position among the biggest stock losers last 3 months, posting a noteworthy decline of over 94%.

        In the midst of a challenging IPO and SPAC landscape, the online mortgage lender Better.com (BETR) stood out last month with a reception unlike any other.

        The reception was far from rosy, as Better Home & Finance, its parent company, witnessed a staggering 90% plummet in shares post-merger with Aurora Acquisition Corp, a Special Purpose Acquisition Company.

        Aurora’s stock, valued at $17.44 on August 23, crumbled to a mere $1.15 by week’s end, ultimately closing at $1.19.

        Better.com’s path to public listing was fraught with delays due to a Securities and Exchange Commission inquiry.

        Facing dwindling revenue and a cash crisis, the company is reeling from an employee purge and the SEC investigation.

        With mortgage demand at its lowest in decades and soaring interest rates hitting a 22-year peak, the housing market faces unprecedented challenges.

        This added to the woes of prospective homebuyers dealing with constrained inventory.

      2. Seelos Therapeutics, Inc. (SEEL)

        Seelos Therapeutics, Inc. (NASDAQ: SEEL) occupies the runner-up position on our roster of biggest stock losers this month, exhibiting a staggering plummet of nearly 85%.

        Additionally, the prominent player in the biotechnology sector has garnered a place among the biggest stock losers this week, experiencing a noteworthy descent exceeding 82%.

        Seelos has garnered cautious attention from investors due to its focus on addressing critical unmet needs such as Amyotrophic Lateral Sclerosis (ALS) and the application of ketamine for mental health ailments.

        These evolving concerns have piqued investor interest. However, Seelos Therapeutics has yet to validate itself as a viable investment.

        As of June 30, the company held a mere $5.8 million in cash while bearing a daunting accumulated deficit of $257.7 million.

        With a persistent lack of profitability, Seelos remains a precarious venture, as evidenced by its mounting losses in the most recent six-month period.

        Continuous stock and warrant issuances further burden stakeholders supporting a company seemingly veering off course.

      3. Outlook Therapeutics, Inc. (OTLK)

        Outlook Therapeutics, Inc. (NASDAQ: OTLK) finds itself occupying the third position on our biggest stock losers this month list.

        The biotechnology firm has witnessed a substantial depreciation of approximately 84% over the course of this month.

        It further extended its negative trajectory by plummeting 88% to be among the biggest stock losers last 3 months.

        Outlook Therapeutics encountered a setback following the issuance of a Complete Response Letter (CRL) by the FDA.

        The CRL was regarding their Biologics License Application (BLA) for ONS-5010, a promising candidate aimed at treating wet age-related macular degeneration (wet AMD).

        ONS-5010, an investigational ophthalmic formulation of bevacizumab (marketed as Avastin), is being developed as an intravitreal injection for various retinal diseases, including wet AMD.

        The FDA initially accepted Outlook Therapeutics’ BLA for ONS-5010 with a target date of August 29, 2023.

        However, despite meeting safety and efficacy endpoints in the NORSE TWO clinical trial, the FDA could not approve the BLA in this review cycle due to multiple CMC issues.

        The open observations from pre-approval manufacturing inspections and insufficient supporting evidence were also the causes of the decline.Outlook Therapeutics, Inc. (OTLK)

      4. Neptune Wellness Solutions Inc. (NEPT)

        Neptune Wellness Solutions Inc. (NASDAQ: NEPT) is next on our list with a decline of nearly 83% over the period.

        A conspicuous harbinger of potential adversity within a corporation is the sustained downturn in its revenue.

        A poignant example of this phenomenon is readily observed in the financial metrics of Neptune Wellness Solutions, where both the revenue per share and the five-year revenue growth rate have embarked upon an unwavering descent.

        The revenue per share has regressed from 7.93 in 2019 to a mere 4.31 in the year 2023, while the revenue growth rate exhibits a disheartening decline of -7.8% over the preceding half-decade.

        This troubling pattern raises pertinent questions regarding the underlying factors at play, including the possibility of waning demand for NEPT’s offerings or intensifying competition within its sector.

        These circumstances undeniably present substantial perils to the company’s future performance, necessitating a comprehensive evaluation by discerning investors.

        Notwithstanding the ostensibly appealing low price-to-fair-value ratio, the dwindling revenues and earnings of NEPT cast a somber pall over its investment allure.

      5. EZGO Technologies Ltd. (EZGO)

        Moving forward to our list of biggest stock losers this month, we turn our attention to EZGO Technologies Ltd. (NASDAQ: EZGO).

        EZGO has incurred a substantial decline of more than 94% during the specified period.

        The shares of EZGO Technologies have experienced a decline subsequent to its recent announcement of a definitive agreement with select institutional investors.

        This agreement entails the purchase and sale of 8,849,558 shares, accompanied by corresponding warrants for an additional 8,849,558 shares.

        The transaction was structured at a consolidated price of $1.13 per share and its respective warrant.

        As per the agreement’s terms, each associated warrant is exercisable at a rate of $1.13 per share and carries a three-year term from the issuance date.

        EZGO Technologies anticipates generating approximately $10 million in aggregate gross proceeds from this strategic investment.

        Currently, EZGO is not the biggest stock losers today Nasdaq as it was trading at $0.15, down just 1.71 percent.

      6. CXApp Inc. (CXAI)

        CXApp Inc. (NASDAQ: CXAI) has seen a significant 67% decline in its share price, earning it a place at our biggest stock losers this month list.

        Given its relatively recent listing, investors are still gaining insights into its operational performance.

        CXAI closed the weekend session at $1.55, down 2.52%, and is also not among the biggest stock gainers today.

        Over the past year, CXApp has achieved a remarkable 66% increase in revenue, surpassing the performance of most other companies operating without profitability.

        Paradoxically, the company’s share price has experienced a significant decline of nearly 85% during the same period.

        In its most recent quarterly report, CXApp disclosed a notable 50% year-over-year decrease in professional services and one-time revenues compared to the corresponding period in 2022.

        This decline is a deliberate strategic move towards prioritizing the growth of subscriber-based revenues.

        Looking ahead, CXApp remains committed to this shift, emphasizing subscription revenues as a central component of its go-to-market strategy and product innovation.

        Impressively, subscription-based recurring revenue now accounts for 79% of the total, reflecting a robust year-over-year increase of over 25%.

      7. Acelyrin, Inc. (SLRN)

        Acelyrin, Inc. (NASDAQ: SLRN) is the next that landed our biggest stock losers this month list.

        Acelyrin (SLRN) shares took a steep nosedive of 64% the previous month following the disheartening revelation of lackluster results from a clinical trial.

        SLRN was investigating the potential of its experimental flagship drug, izokibep, in addressing an inflammatory skin ailment known as Hidradenitis Suppurativa (HS).

        HS, a condition characterized by scarring, abscesses, malodor, and excruciating pain, saw Acelyrin issue a press release on last Monday.

        They declared that the primary endpoint of their HiSCR75, observed at week 16 of a phase 2b/3 trial, failed to achieve statistical significance.

        That signified the treatment’s inability to surpass the placebo in mitigating moderate-to-severe HS symptoms.

        Nevertheless, the drug did display promising early HiSCR100 responses and exhibited commendable safety and tolerability.

        This plunge wiped out all gains accrued by the company since its successful $18 per share upsized IPO in May, which garnered a remarkable $621 million.

        Despite the recent setback, Acelyrin managed to stabilize at $10.04 in the top gainers and losers US stocks game during last session.Acelyrin, Inc. (SLRN)

      8. Tritium DCFC Limited (DCFC)

        Next in our list is Tritium DCFC Limited (NASDAQ: DCFC).

        DCFC lost nearly 62% during the period and is also one of the top losers US stocks today with a drop of more than 20% after release of its financial results.

        DCFC’s recent stock price drop can be attributed to a unique financial transaction.

        On August 30, 2023, a block trade involving 601,614 DCFC shares occurred at a price $1.00 below the prevailing bid.

        Block trades are favored by institutional investors, aim to discreetly buy or sell significant volumes of securities without market disruption.

        In this instance, the party accepted a slightly lower price for efficiency.

        DCFC reported strong financials for the fiscal second half and full year, with revenue tripling to $112 million in the six-month period ending June 30.

        Its full-year revenue doubled to $185 million while the net loss narrowed by 5.9% to $121.4 million.

        Cash reserves declined to $29.4 million. Tritium (DCFC) secured a financing commitment of up to $75 million this month, with an initial $25 million injection.

      9. Blue Star Foods Corp (BSFC)

        At ninth place on our biggest stock losers this month list is Blue Star Foods Corp (NASDAQ: BSFC).

        Blue Star faced a significant setback subsequent to a public offering comprising 10.74 million shares, accompanied by warrants.

        It was at an offering price of $0.4655 per share which generated gross proceeds approaching $5 million.

        The net proceeds are earmarked for general corporate purposes and the settlement of specific outstanding debts.

        Originally a crab meat processor and packager, BSFC expanded into salmon aquaculture, albeit with unsatisfactory outcomes.

        Their latest annual report discloses gross revenue of $9.34 million, coupled with staggering losses of $14 million.

        These adverse financial results are unlikely to bolster investor confidence, a sentiment further exacerbated by disappointing Q1 figures.

        Consequently, the BSFC stock price has plummeted by a staggering 98% within the last 12 months.

      10. AMC Entertainment Holdings, Inc. (AMC)

        Last and the least among our biggest stock losers this month list is AMC Entertainment Holdings, Inc. (NYSE: AMC).

        The movie theater operator had lost nearly 61% in the past month. In that same time, the Consumer Discretionary sector lost 3.5%, while the top losers S&P 500 lost 1.43%.

        AMC closed the most recent trading day at $7.62, moving -1.04% from the previous trading session.

        This change lead biggest stock losers today Dow Jones (-0.31%) as well as biggest stock losers today Nasdaq (-0.09%).

        Since January, AMC’s stock price has undergone a substantial decline of 78%.

        Notably, in the previous month, the company disclosed its second-quarter earnings, unveiling a remarkable transformation from a net loss of $122 million in Q2 2022 to a net income of $8.6 million.

        AMC Entertainment has faced recent challenges, such as the absence of a positive EPS since Q4 2021.

        But, AMC is poised for potential short-term excitement fueled by the recent earnings report and its partnership in releasing the Taylor Swift concert film.

      Navigating Stock Losses: A Strategic Approach

      • Diversification

        Mitigate risk by spreading investments across various sectors and asset classes, reducing vulnerability to individual stock fluctuations.

      • Stop-Loss Orders

        Implementing predefined sell points can limit potential losses and protect your portfolio from significant downturns.

      • Long-Term Perspective

        Maintaining a patient outlook allows investments time to recover from setbacks, fostering resilience against short-term volatility.

      • Research And Analysis

        Informed decisions based on thorough research and fundamental analysis can help identify strong stocks and uncover hidden opportunities.

      • Risk Tolerance Assessment

        Regularly reassessing your risk tolerance ensures your investment strategy aligns with your financial goals and comfort level.

      • Professional Guidance

        Consulting with financial advisors provides valuable expertise and guidance during turbulent market conditions.Professional Guidance

        Adopting these strategies equips investors to navigate the complexities of stock market fluctuations with prudence and confidence.

      Conclusion

      The biggest stock losers this month have underscored the dynamic and unpredictable nature of financial markets.

      While these setbacks may appear daunting, they also serve as a reminder of the inherent volatility in financial markets.

      Astute investors recognize that even amidst losses, opportunities for growth and learning abound.

      With a vigilant eye on market dynamics and a diversified portfolio, one can navigate the fluctuations and strive for sustainable financial success.

      FAQs

      Which Stocks Lost The Most Last Month?

      During the past month, certain equities experienced pronounced declines, with their market valuations suffering substantial setbacks.

      Those include BETR, EZGO, SEEL, OTLK, and NEPT to name some.

      An analysis of the stocks that incurred the most significant losses is essential for informed investment decision-making.

      Is It Good To Invest In Top Losers?

      Investing in top losers can be a strategic move for contrarian investors seeking undervalued assets with growth potential.

      Diligent research and a long-term perspective are crucial in identifying hidden opportunities amid market downturns to make decisions about falling stocks to buy.

      How Does A Short Squeeze Work?

      A short squeeze occurs when investors betting on a stock’s decline rush to buy shares, causing the price to surge.

      This forces short sellers to cover their positions, amplifying the upward momentum.

      How Are The Biggest Stock Losers Determined?

      The identification of the most significant stock losers is predicated on a meticulous assessment of daily market performance.

      It also requires a focus on stocks that exhibit the most substantial declines in value, often driven by various economic and company-specific factors.

      Why Should I Pay Attention to Stock Losers In The Market?

      Monitoring stock losers is crucial for informed investment decisions.

      Understanding the reasons behind their decline can reveal market trends, risk factors, and potential buying opportunities.

      This will ultimately safeguard your portfolio’s performance and long-term stability.

      Are Stock Losers Always A Bad Investment?

      While stock losers often raise concerns, they may not always signify poor investments. Market fluctuations and individual circumstances can affect performance.

      Diligent research and prudent risk management are essential when considering such opportunities.

      Should I Sell My Losing Stocks Immediately?

      It is prudent to consider various factors, such as your investment goals, market conditions, and long-term prospects of the stocks.

      Before deciding whether to sell losing stocks immediately or hold for potential recovery, also consult with a financial advisor for personalized guidance.

      Can Monthly Loss Data Predict Future Market Trends?

      Analyzing monthly loss data offers a nuanced perspective for anticipating future market trends.

      By discerning patterns within losses, informed insights can guide proactive strategies, enhancing risk management and investment decision-making.

      Should I Consult A Financial Advisor Before Investing In Loser Stocks?

      Engaging a seasoned financial advisor prior to investing in potentially volatile stocks can mitigate risks and optimize your investment strategy.

      Their expertise ensures well-informed decisions, safeguarding your financial portfolio.

      Should I Panic If One Of My Investments Is Listed Among The Biggest Stock Losers?

      It’s natural to feel concern when an investment is among the biggest stock losers, but panic rarely leads to wise decisions.

      Consider a measured response, review your portfolio, and consult a financial advisor for informed choices.

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