Intellicheck, Inc. (NASDAQ:IDN) Stock Catapults 27% Though Its Price And Business Still Lag The Industry
Intellicheck, Inc. (NASDAQ:IDN) shares have had a really impressive month, gaining 27% after a shaky period beforehand. While recent buyers may be laughing, long-term holders might not be as pleased since the recent gain only brings the stock back to where it started a year ago.
Even after such a large jump in price, Intellicheck may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 3x, considering almost half of all companies in the Software industry in the United States have P/S ratios greater than 5x and even P/S higher than 11x aren’t out of the ordinary. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
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