10 Stocks Taking the Worst Hit

1. Lantheus Holdings, Inc. (NASDAQ:LNTH)

Lantheus Holdings saw its share prices decline by 28.58 percent to hit a new 52-week low as investor sentiment was dampened by a tempered growth outlook for the rest of the year.

In intra-day trading, Lantheus Holdings, Inc. (NASDAQ:LNTH) hit its lowest price of $47.25, before a buying spree bolstered its share prices higher to finish the day down by 28.58 percent at $51.87 apiece.

This followed a lower full-year revenue guidance of $1.475 billion to $1.51 billion, as compared with the $1.55 billion to $1.585 billion in the same period last year.

Adjusted EPS was also targeted at $5.5 to $5.7, lower than the $6.6 to $6.7 as expected previously.

In the second quarter of the year, Lantheus Holdings, Inc. (NASDAQ:LNTH) grew its net income by 26.9 percent to $78.8 million from $62.1 million in the same period last year, while revenues dropped by 4 percent to $378 million from $394 million.

In the first half, net income declined by 21 percent to $151.7 million from $193 million, while revenues dipped by 1.7 percent to $750.8 million from $764 million.

While we acknowledge the potential of LNTH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LNTH and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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