These stocks soared during the pandemic, and then crashed. Ten are now expected to double in price.

By Philip van Doorn

A screen of stocks that popped during the coronavirus pandemic highlights dozens that have crashed. But some are considered worthy of purchase by a majority of analysts. You might want to keep an eye on them because every market cycle, even bad ones like today’s, eventually turns around.

The following three pandemic stars went into supernova mode as the U.S. economy rose from a recession. They had been widely discussed every day — on CNBC, on Twitter — but now they have few friends.

• Shares of Teladoc Health Inc. /zigman2/quotes/207420252/composite TDOC -2.18% closed at $83.72 on Dec. 31, 2019, then rose as much as 252% to $294.54 through the close on Feb. 8, 2021, after which they fell 89% through April 29, 2022, when they closed at $33.76. (All price changes in this article exclude dividends.)

• Zoom Video Communications Inc. /zigman2/quotes/211319643/composite ZM +0.60% rose 735% from $68.04 at the end of 2019 through a closing high of $568.34 on Oct. 19, 2020, before falling 82% through the close at $99.57 on April 29. The stock is still held by Cathie Wood’s ARK Innovation ETF /zigman2/quotes/204808965/composite ARKK -0.40% , which has had its own pandemic boom-and-bust cycle, including a 50% decline in 2022 through April, following last year’s 24% decline.

• Another pandemic high-flyer, Peloton Interactive Inc. /zigman2/quotes/208035743/composite PTON +1.09% , rose 490% from $28.40 at the end of 2019 to $167.42 on Jan. 13, 2021, but then plunged 90% through its close at $17.56 on April 22. At the end of 2019, Peloton was the smallest of these three companies, with a market capitalization of just over $1 billion.

It turns out that Teladoc is not listed on the Nasdaq — it is listed on the New York Stock Exchange.

So our initial screen encompassed all stocks listed on both exchanges. Then, in light of Peloton’s market value before the pandemic began, we narrowed the list to companies with market caps of $1 billion or more at the end of 2019.

Since part of the data presented below makes use of consensus estimates among analysts working for brokerage firms, we further limited the group to companies covered by at least five analysts polled by FactSet. That brought the list down to 1,608 stocks.

Stocks that were hit the hardest

Among the 1,608 stocks in the screen, these 26 rose at least 300% through their pandemic closing highs, after which they fell at least 70%. They are ranked by their declines from their closing highs:

Click on the tickers for more about each company.

Then  read  Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.

Teladoc didn’t make the list, as its 252% gain from the end of 2019 through its high turned out to be relatively modest. For the period of Dec. 31, 2019, through the close on April 22, 2022, the stock was down 60%.

Leaving the stocks in the same order, here’s a summary of analysts’ opinions. Half of the stocks have majority “buy” or equivalent ratings, and 10 are also expected to at least double over the next 12 months:

Don’t miss: FAANG stocks plus Microsoft lost $1.4 trillion in market value during April

/zigman2/quotes/207420252/composite

Add to watchlist TDOC

Teladoc Health Inc.

US : U.S.: NYSE

$ 23.81

-0.53 -2.18%

Volume: 4.31M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.98 billion

Rev. per Employee

$441,202

/zigman2/quotes/211319643/composite

Add to watchlist ZM

Zoom Video Communications Inc.

US : U.S.: Nasdaq

$ 67.14

+0.40 +0.60%

Volume: 4.06M

June 9, 2023 4:00p

P/E Ratio

14,285

Dividend Yield

N/A

Market Cap

$19.86 billion

Rev. per Employee

$521,514

/zigman2/quotes/204808965/composite

Add to watchlist ARKK

ARK Innovation ETF

US : U.S.: NYSE Arca

$ 42.51

-0.17 -0.40%

Volume: 16.33M

June 9, 2023 4:00p

/zigman2/quotes/208035743/composite

Add to watchlist PTON

Peloton Interactive Inc.

US : U.S.: Nasdaq

$ 8.31

+0.09 +1.09%

Volume: 37.83M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.91 billion

Rev. per Employee

$290,329

/zigman2/quotes/208035743/composite

Add to watchlist PTON

Peloton Interactive Inc.

US : U.S.: Nasdaq

$ 8.31

+0.09 +1.09%

Volume: 37.83M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.91 billion

Rev. per Employee

$290,329

/zigman2/quotes/203726414/composite

Add to watchlist RDFN

Redfin Corp.

US : U.S.: Nasdaq

$ 10.45

-0.43 -3.95%

Volume: 1.63M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.21 billion

Rev. per Employee

$361,227

/zigman2/quotes/208333884/composite

Add to watchlist SPCE

Virgin Galactic Holdings Inc.

US : U.S.: NYSE

$ 4.03

-0.08 -1.95%

Volume: 8.58M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.16 billion

Rev. per Employee

$2,045

/zigman2/quotes/209240121/composite

Add to watchlist TGTX

TG Therapeutics Inc.

US : U.S.: Nasdaq

$ 27.46

-1.52 -5.24%

Volume: 6.98M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$4.33 billion

Rev. per Employee

$37,925

/zigman2/quotes/203824836/composite

Add to watchlist FTCH

Farfetch Ltd. Cl A

US : U.S.: NYSE

$ 5.88

+0.40 +7.30%

Volume: 18.87M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.17 billion

Rev. per Employee

$433,425

/zigman2/quotes/207131615/composite

Add to watchlist BILI

Bilibili Inc. ADR

US : U.S.: Nasdaq

$ 16.11

+0.20 +1.26%

Volume: 6.58M

June 9, 2023 4:15p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$6.46 billion

Rev. per Employee

$287,759

/zigman2/quotes/206651606/composite

Add to watchlist CVNA

Carvana Co. Cl A

US : U.S.: NYSE

$ 19.07

-5.16 -21.30%

Volume: 100.19M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$4.58 billion

Rev. per Employee

$765,843

/zigman2/quotes/211319643/composite

Add to watchlist ZM

Zoom Video Communications Inc.

US : U.S.: Nasdaq

$ 67.14

+0.40 +0.60%

Volume: 4.06M

June 9, 2023 4:00p

P/E Ratio

14,285

Dividend Yield

N/A

Market Cap

$19.86 billion

Rev. per Employee

$521,514

/zigman2/quotes/204413973/composite

Add to watchlist Z

Zillow Group Inc. Cl C

US : U.S.: Nasdaq

$ 44.83

-1.68 -3.61%

Volume: 2.74M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$10.84 billion

Rev. per Employee

$418,588

/zigman2/quotes/205070617/composite

Add to watchlist BLDP

Ballard Power Systems Inc.

US : U.S.: Nasdaq

$ 4.31

-0.07 -1.60%

Volume: 2.26M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.31 billion

Rev. per Employee

$58,707

/zigman2/quotes/203658597/composite

Add to watchlist APPN

Appian Corp. Cl A

US : U.S.: Nasdaq

$ 48.11

+0.36 +0.75%

Volume: 482,059

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.49 billion

Rev. per Employee

$211,946

/zigman2/quotes/204115574/composite

Add to watchlist DDD

3D Systems Corp.

US : U.S.: NYSE

$ 9.78

-0.11 -1.11%

Volume: 832,813

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.30 billion

Rev. per Employee

$258,989

/zigman2/quotes/205021014/composite

Add to watchlist RUN

SunRun Inc.

US : U.S.: Nasdaq

$ 18.75

-0.46 -2.39%

Volume: 6.44M

June 9, 2023 4:00p

P/E Ratio

300.96

Dividend Yield

N/A

Market Cap

$4.14 billion

Rev. per Employee

$194,672

/zigman2/quotes/202307458/composite

Add to watchlist ZLAB

Zai Lab Ltd. ADR

US : U.S.: Nasdaq

$ 28.16

+0.12 +0.43%

Volume: 749,698

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.81 billion

Rev. per Employee

$113,514

/zigman2/quotes/208876581/composite

Add to watchlist PDD

PDD Holdings Inc. ADR

US : U.S.: Nasdaq

$ 76.10

+1.17 +1.56%

Volume: 13.38M

June 9, 2023 4:15p

P/E Ratio

20.37

Dividend Yield

N/A

Market Cap

$98.88 billion

Rev. per Employee

$1.62M

/zigman2/quotes/211319641/composite

Add to watchlist PINS

Pinterest Inc.

US : U.S.: NYSE

$ 23.87

-0.07 -0.29%

Volume: 9.30M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$16.37 billion

Rev. per Employee

$709,875

/zigman2/quotes/209623007/composite

Add to watchlist FATE

Fate Therapeutics Inc.

US : U.S.: Nasdaq

$ 4.87

-0.43 -8.11%

Volume: 2.55M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$521.44 million

Rev. per Employee

$248,396

/zigman2/quotes/212690528/composite

Add to watchlist CHWY

Chewy Inc. Cl A

US : U.S.: NYSE

$ 36.80

-1.05 -2.77%

Volume: 3.46M

June 9, 2023 4:00p

P/E Ratio

297.98

Dividend Yield

N/A

Market Cap

$16.18 billion

Rev. per Employee

$538,932

/zigman2/quotes/214486077/composite

Add to watchlist VIR

Vir Biotechnology Inc.

US : U.S.: Nasdaq

$ 25.43

-0.45 -1.74%

Volume: 816,982

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.47 billion

Rev. per Employee

$774,818

/zigman2/quotes/205796518/composite

Add to watchlist TWLO

Twilio Inc. Cl A

US : U.S.: NYSE

$ 63.89

+0.87 +1.38%

Volume: 3.10M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$11.59 billion

Rev. per Employee

$485,228

/zigman2/quotes/209033712/composite

Add to watchlist SHOP

Shopify Inc. Cl A

US : U.S.: NYSE

$ 61.36

+2.08 +3.51%

Volume: 12.95M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$75.81 billion

Rev. per Employee

$508,986

/zigman2/quotes/200043077/composite

Add to watchlist DNLI

Denali Therapeutics Inc.

US : U.S.: Nasdaq

$ 30.52

-0.55 -1.77%

Volume: 417,783

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$4.25 billion

Rev. per Employee

$237,618

/zigman2/quotes/205992027/composite

Add to watchlist DOCU

DocuSign Inc.

US : U.S.: Nasdaq

$ 57.02

-1.46 -2.50%

Volume: 32.11M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$11.81 billion

Rev. per Employee

$342,955

/zigman2/quotes/209264611/composite

Add to watchlist PENN

PENN Entertainment Inc.

US : U.S.: Nasdaq

$ 26.20

-0.41 -1.54%

Volume: 1.94M

June 9, 2023 4:00p

P/E Ratio

6.52

Dividend Yield

N/A

Market Cap

$4.10 billion

Rev. per Employee

$297,637

/zigman2/quotes/205619834/composite

Add to watchlist MRNA

Moderna Inc.

US : U.S.: Nasdaq

$ 123.26

-1.68 -1.34%

Volume: 2.20M

June 9, 2023 4:00p

P/E Ratio

10.64

Dividend Yield

N/A

Market Cap

$47.63 billion

Rev. per Employee

$3.83M

/zigman2/quotes/208035743/composite

Add to watchlist PTON

Peloton Interactive Inc.

US : U.S.: Nasdaq

$ 8.31

+0.09 +1.09%

Volume: 37.83M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.91 billion

Rev. per Employee

$290,329

/zigman2/quotes/203726414/composite

Add to watchlist RDFN

Redfin Corp.

US : U.S.: Nasdaq

$ 10.45

-0.43 -3.95%

Volume: 1.63M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.21 billion

Rev. per Employee

$361,227

/zigman2/quotes/208333884/composite

Add to watchlist SPCE

Virgin Galactic Holdings Inc.

US : U.S.: NYSE

$ 4.03

-0.08 -1.95%

Volume: 8.58M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.16 billion

Rev. per Employee

$2,045

/zigman2/quotes/209240121/composite

Add to watchlist TGTX

TG Therapeutics Inc.

US : U.S.: Nasdaq

$ 27.46

-1.52 -5.24%

Volume: 6.98M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$4.33 billion

Rev. per Employee

$37,925

/zigman2/quotes/203824836/composite

Add to watchlist FTCH

Farfetch Ltd. Cl A

US : U.S.: NYSE

$ 5.88

+0.40 +7.30%

Volume: 18.87M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.17 billion

Rev. per Employee

$433,425

/zigman2/quotes/207131615/composite

Add to watchlist BILI

Bilibili Inc. ADR

US : U.S.: Nasdaq

$ 16.11

+0.20 +1.26%

Volume: 6.58M

June 9, 2023 4:15p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$6.46 billion

Rev. per Employee

$287,759

/zigman2/quotes/206651606/composite

Add to watchlist CVNA

Carvana Co. Cl A

US : U.S.: NYSE

$ 19.07

-5.16 -21.30%

Volume: 100.19M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$4.58 billion

Rev. per Employee

$765,843

/zigman2/quotes/211319643/composite

Add to watchlist ZM

Zoom Video Communications Inc.

US : U.S.: Nasdaq

$ 67.14

+0.40 +0.60%

Volume: 4.06M

June 9, 2023 4:00p

P/E Ratio

14,285

Dividend Yield

N/A

Market Cap

$19.86 billion

Rev. per Employee

$521,514

/zigman2/quotes/204413973/composite

Add to watchlist Z

Zillow Group Inc. Cl C

US : U.S.: Nasdaq

$ 44.83

-1.68 -3.61%

Volume: 2.74M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$10.84 billion

Rev. per Employee

$418,588

/zigman2/quotes/205070617/composite

Add to watchlist BLDP

Ballard Power Systems Inc.

US : U.S.: Nasdaq

$ 4.31

-0.07 -1.60%

Volume: 2.26M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.31 billion

Rev. per Employee

$58,707

/zigman2/quotes/203658597/composite

Add to watchlist APPN

Appian Corp. Cl A

US : U.S.: Nasdaq

$ 48.11

+0.36 +0.75%

Volume: 482,059

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.49 billion

Rev. per Employee

$211,946

/zigman2/quotes/204115574/composite

Add to watchlist DDD

3D Systems Corp.

US : U.S.: NYSE

$ 9.78

-0.11 -1.11%

Volume: 832,813

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.30 billion

Rev. per Employee

$258,989

/zigman2/quotes/205021014/composite

Add to watchlist RUN

SunRun Inc.

US : U.S.: Nasdaq

$ 18.75

-0.46 -2.39%

Volume: 6.44M

June 9, 2023 4:00p

P/E Ratio

300.96

Dividend Yield

N/A

Market Cap

$4.14 billion

Rev. per Employee

$194,672

/zigman2/quotes/202307458/composite

Add to watchlist ZLAB

Zai Lab Ltd. ADR

US : U.S.: Nasdaq

$ 28.16

+0.12 +0.43%

Volume: 749,698

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.81 billion

Rev. per Employee

$113,514

/zigman2/quotes/208876581/composite

Add to watchlist PDD

PDD Holdings Inc. ADR

US : U.S.: Nasdaq

$ 76.10

+1.17 +1.56%

Volume: 13.38M

June 9, 2023 4:15p

P/E Ratio

20.37

Dividend Yield

N/A

Market Cap

$98.88 billion

Rev. per Employee

$1.62M

/zigman2/quotes/211319641/composite

Add to watchlist PINS

Pinterest Inc.

US : U.S.: NYSE

$ 23.87

-0.07 -0.29%

Volume: 9.30M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$16.37 billion

Rev. per Employee

$709,875

/zigman2/quotes/209623007/composite

Add to watchlist FATE

Fate Therapeutics Inc.

US : U.S.: Nasdaq

$ 4.87

-0.43 -8.11%

Volume: 2.55M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$521.44 million

Rev. per Employee

$248,396

/zigman2/quotes/212690528/composite

Add to watchlist CHWY

Chewy Inc. Cl A

US : U.S.: NYSE

$ 36.80

-1.05 -2.77%

Volume: 3.46M

June 9, 2023 4:00p

P/E Ratio

297.98

Dividend Yield

N/A

Market Cap

$16.18 billion

Rev. per Employee

$538,932

/zigman2/quotes/214486077/composite

Add to watchlist VIR

Vir Biotechnology Inc.

US : U.S.: Nasdaq

$ 25.43

-0.45 -1.74%

Volume: 816,982

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.47 billion

Rev. per Employee

$774,818

/zigman2/quotes/205796518/composite

Add to watchlist TWLO

Twilio Inc. Cl A

US : U.S.: NYSE

$ 63.89

+0.87 +1.38%

Volume: 3.10M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$11.59 billion

Rev. per Employee

$485,228

/zigman2/quotes/209033712/composite

Add to watchlist SHOP

Shopify Inc. Cl A

US : U.S.: NYSE

$ 61.36

+2.08 +3.51%

Volume: 12.95M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$75.81 billion

Rev. per Employee

$508,986

/zigman2/quotes/205992027/composite

Add to watchlist DOCU

DocuSign Inc.

US : U.S.: Nasdaq

$ 57.02

-1.46 -2.50%

Volume: 32.11M

June 9, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$11.81 billion

Rev. per Employee

$342,955

/zigman2/quotes/209264611/composite

Add to watchlist PENN

PENN Entertainment Inc.

US : U.S.: Nasdaq

$ 26.20

-0.41 -1.54%

Volume: 1.94M

June 9, 2023 4:00p

P/E Ratio

6.52

Dividend Yield

N/A

Market Cap

$4.10 billion

Rev. per Employee

$297,637

/zigman2/quotes/205619834/composite

Add to watchlist MRNA

Moderna Inc.

US : U.S.: Nasdaq

$ 123.26

-1.68 -1.34%

Volume: 2.20M

June 9, 2023 4:00p

P/E Ratio

10.64

Dividend Yield

N/A

Market Cap

$47.63 billion

Rev. per Employee

$3.83M