Phreesia, Inc. (PHR) saw its stock price plummet by 23.29% during Tuesday's intraday trading session, marking one of its worst single-day declines on record.

The sharp decline followed the company's third-quarter earnings release, which failed to meet market expectations. Investors reacted negatively to the results, driving the stock to a new 52-week low. The healthcare technology company has been under pressure this year, with the stock down nearly 38% year-to-date.