I think, for an Investor, we need to look at “Buy Price” and “Sell Price” for a given stock.
If an investor entered this stock at P/E of 50 which it has traded on few occasions in the past, then it might have delivered decent 12% CAGR or even higher returns as of today, even after correction from 2100 to 1500.
If an investor has bought at P/E of 100 then may be CAGR could be zero as well.
So buying small cap / growth stock at reasonable Valuations and then Selling once overvalued could be the better option for Retail Investors.
I do not have any position in it, but was interested in it at P/E of about 50-52 but never bought it as thought it is more volatile stock for me. Data Protection Policies or Government Security policies could have had impact on its growth.