So a year ago Corsair was a strong buy, going for around 18 dollars a stock, a solid board on the company gave trust and promised a bright future. The decline of sales after COVID-19 ended has been catastrophic for the company and it seems that PC gaming is slowly declining as well or why otherwise this huge dip on stock.

To give you a summary of last nights earnings:

Second Quarter 2024 Select Financial Metrics

• Net revenue was $261.3 million compared to $325.4 million in the second quarter of 2023, a decrease of 19.7%. Gaming Components and Systems segment net revenue was $167.1 million compared to $246.7 million in the second quarter of 2023, while Gamer and Creator Peripherals segment net revenue was $94.2 million compared to $78.8 million in the second quarter of 2023.
• Net loss attributable to common shareholders was $29.6 million, or a net loss of $0.28 per diluted share, compared to net income of $1.1 million, or a net income of $0.01 per diluted share, in the second quarter of 2023.
• Adjusted net loss was $6.8 million, or an adjusted net loss of $0.07 per diluted share, compared to adjusted net income of $9.8 million, or an adjusted net income of $0.09 per diluted share, in the second quarter of 2023.
• Adjusted EBITDA was a loss of $1.2 million, compared to adjusted EBITDA of $17.8 million in the second quarter of 2023.
• Cash and restricted cash was $94.6 million as of June 30, 2024.

Corsair Gaming, Inc. Corsair Gaming, Inc. (CRSR)

Stock price currently: 7.89

7.89-0.32(-3.90%)At close: August 1 at 4:00 PM EDT

Dropping further:
7.62-0.27(-3.42%)After hours: 7:49 PM EDT(CRSR)

What are your thoughts for this stock? I personally lost quite some money on this but still holding my shares.