Revenues Working Against Expensify, Inc.’s (NASDAQ:EXFY) Share Price Following 26% Dive
To the annoyance of some shareholders, Expensify, Inc. (NASDAQ:EXFY) shares are down a considerable 26% in the last month, which continues a horrid run for the company. Looking at the bigger picture, even after this poor month the stock is up 30% in the last year.
Following the heavy fall in price, Expensify’s price-to-sales (or “P/S”) ratio of 1.4x might make it look like a strong buy right now compared to the wider Software industry in the United States, where around half of the companies have P/S ratios above 4.6x and even P/S above 10x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.
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