LivePerson, Inc. (NASDAQ:LPSN) Stock Catapults 39% Though Its Price And Business Still Lag The Industry
LivePerson, Inc. (NASDAQ:LPSN) shareholders would be excited to see that the share price has had a great month, posting a 39% gain and recovering from prior weakness. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 64% share price drop in the last twelve months.
Although its price has surged higher, LivePerson may still look like a strong buying opportunity at present with its price-to-sales (or “P/S”) ratio of 0.4x, considering almost half of all companies in the Software industry in the United States have P/S ratios greater than 5.7x and even P/S higher than 13x aren’t out of the ordinary. Nonetheless, we’d need to dig a little deeper to determine if there is…
