Beamtree Holdings Limited (ASX:BMT) Stock Catapults 27% Though Its Price And Business Still Lag The Industry
Those holding Beamtree Holdings Limited (ASX:BMT) shares would be relieved that the share price has rebounded 27% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Looking further back, the 14% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
Although its price has surged higher, Beamtree Holdings may still look like a strong buying opportunity at present with its price-to-sales (or “P/S”) ratio of 2.8x, considering almost half of all companies in the Healthcare Services industry in Australia have P/S ratios greater than 6.3x and even P/S higher than 60x aren’t out of the ordinary. Although, it’s not wise to…
