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As the boohoo share price falls, could it become a penny stock in 2025?

Summary by The Motley Fool UK
Over the past five years, the boohoo (LSE:BOO) share price is down a whopping 90%. In the last year, it’s down a more modest 17%, but the main theme is that the stock keeps heading lower. With a share price of just 29p and a market-cap of £374m, here’s why I’m concerned for the coming year. Problems galore Let’s first consider some of the recent issues the company has endured, along with my outlook from here. One problem that’s still ongoing is …
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