Market Might Still Lack Some Conviction On The Blockchain Group (EPA:ALTBG) Even After 29% Share Price Boost
Despite an already strong run, The Blockchain Group (EPA:ALTBG) shares have been powering on, with a gain of 29% in the last thirty days. The last 30 days were the cherry on top of the stock’s 453% gain in the last year, which is nothing short of spectacular.
Even after such a large jump in price, there still wouldn’t be many who think Blockchain Group’s price-to-sales (or “P/S”) ratio of 2.8x is worth a mention when the median P/S in France’s Software industry is similar at about 2.4x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
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