Upstart Is Down 93% After Its Post-Earnings Crash -- Is the Stock a Buy?

$Upstart(UPST.US)$
One fintech company that has felt the bite of the bear market this week is Upstart Holdings. After management cut full-year guidance and spoke cautiously about the macroeconomic environment, the stock crashed. In the days following its earnings report, Upstart saw its stock value cut in half, and it's now trading down 93% from its 52-week high set in October.

Upstart has developed a different scoring system that uses big data and artificial intelligence (AI) to help lenders make better decisions. That more-thorough analysis also creates a flywheel effect on lending accuracy because Upstart's AI gets a little smarter about its decisions each time a borrower makes or misses a payment.