The Nearmap Ltd (ASX:NEA) share price is now 36% lower than its 52-week high

It has been an interesting 12 months for shareholders of ASX aerial imagery company Nearmap Ltd (ASX:NEA). After falling as low as 83 cents during the COVID-19-inspired sell-off back in March 2020, the company’s shares posted a valiant recovery, soaring to a 52-week high of $3.22 by late August.

But since then market interest in the company has waned, and the share price has slowly edged back down to $2.07. Shareholders no doubt will be hoping that Nearmap’s investments in its growth initiatives will translate to higher returns over the next few years.

What does Nearmap do?

Nearmap provides high resolution aerial images to business and government clients. It gives private companies and government agencies the ability to conduct…