However, on a 12-month basis, the stock is lower by almost 58%. Multi-fold returns is a possibility in the next few years.Д¬hargePoint (NYSE: CHPT) stock is down by about 37% in the last six-months. Therefore, there is ample scope for growth as more states legalize iGaming and sports betting.ДraftKings has already increased the long-term EBITDA outlook to $2.1 billion. The company believes that the total addressable market in North America is in the range of $67 to $80 billion. Once marketing and selling expenses stabilize, steady growth in ARPU is likely to translate into EBITDA margin improvement.ДЄnother point to note is that the iGaming and Sports Betting industry is still at an early growth stage. DraftKings has continued to report healthy growth in average monthly unique payers. However, even with the cash burn, there are positives that make DKNG a buy at current levels. For the same period, the company's adjusted EBITDA loss widened to $289.5 million. While there are concerns related to cash burn, I believe that DKNG stock is oversold in the near-term.ДЇor Q1 2022, DraftKings reported revenue growth of 34% to $417.2 million. A deep correction provides a good entry opportunity.ДraftKings (NASDAQ: DKNG) is another name among growth stocks to buy that has plunged by 50% in the last six-months. Overall, Pinterest has a healthy cash flow visibility for the long-term. There seems to be ample scope for growth in emerging markets where Pinterest has the highest number of active users. However, the ARPU increased by 164% on a year-on-year basis. For the same period, the ARPU for the rest of the world (excluding Europe) was eight cents. and Canada, the company reported average revenue per user of $4.98 for Q1 2022. Last quarter, the company launched 'Your Shop.' The Pinterest application programming interface (API) intends to make shipping experience more personalized.ДЇurther, Pinterest has significant impending growth from emerging markets. I see Pinterest as a proxy e-commerce platform with global presence. First, the company is focused on making shopping seamless on the platform. I am bullish on Pinterest for two major reasons. At a forward price-to-earnings-ratio of 20.8, the stock is worth adding to the portfolio. I believe that the correction is overdone. Pinterest (NASDAQ: PINS) stock is another name that has declined by 50% in the last six-months. However, with operating leverage, the company is positioned for healthy cash flows in the next few years. I believe that vehicle margin is likely to be impacted in the near-term due to inflation. Further, Nio also has strong financial flexibility with cash and equivalents of $8.4 billion as of March 2022. New models will ensure that deliveries growth remains robust. First, Nio has an attractive new product line-up for China and international markets. Specific to the company, there are two positive catalysts. Once near-term tailwinds are navigated, Nio stock is likely to surge higher. The country is also considering extension of electric vehicle (EV) subsidies.

It's worth noting that China has recently lowered taxes on low-emission vehicles. I believe it's a good time for renewed exposure to the stock. Fears of another lockdown in China have also impacted the stock. Nio stock has witnessed renewed correction due to broad market sentiments. Within a matter of one-month, the stock surged by 74% to $20.40. In May 2022, Nio (NYSE: NIO) stock touched lows of $11.70.

Inkdrop aoo