Slightly more than a year ago, iFAST Corporation Limited (SGX: AIY) was flying high on a raft of good news. Stock markets were ebullient, resulting in strong cash inflows that boosted the fintech company’s assets under administration (AUA) to an all-time high of S$16.1 billion for the first quarter of 2021 (1Q2021). Back then, the group had also reported a sparkling set of earnings where net profit soared 142.5% year on year to S$8.8 million. iFAST’s share price was on a tear, too, more than doubling from S$3.03 at the start of 2021 to S$7.53 on 21 May last year. The share price went on to hit a 52-week high of S$10.10 in September. Fast forward to today, and iFAST’s share price has more than halved from its peak, closing at S$4.79 recently. Investors may be wondering if the stock represents a bargain and whether it may be time to relook the company.