Positive Sentiment Still Eludes Dingdong (Cayman) Limited (NYSE:DDL) Following 25% Share Price Slump
Dingdong (Cayman) Limited (NYSE:DDL) shareholders won’t be pleased to see that the share price has had a very rough month, dropping 25% and undoing the prior period’s positive performance. Of course, over the longer-term many would still wish they owned shares as the stock’s price has soared 137% in the last twelve months.
Although its price has dipped substantially, you could still be forgiven for feeling indifferent about Dingdong (Cayman)’s P/S ratio of 0.2x, since the median price-to-sales (or “P/S”) ratio for the Consumer Retailing industry in the United States is also close to 0.4x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly…
