Further Upside For Datasea Inc. (NASDAQ:DTSS) Shares Could Introduce Price Risks After 39% Bounce
Datasea Inc. (NASDAQ:DTSS) 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 61% share price drop in the last twelve months.
Although its price has surged higher, Datasea may still be sending very bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.4x, since almost half of all companies in the Software industry in the United States have P/S ratios greater than 4.8x and even P/S higher than 10x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the…
