Vantea SMART S.p.A.’s (BIT:VNT) 29% Share Price Surge Not Quite Adding Up
Vantea SMART S.p.A. (BIT:VNT) shares have had a really impressive month, gaining 29% after a shaky period beforehand. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 43% over that time.
After such a large jump in price, Vantea SMART may be sending very bearish signals at the moment with a price-to-earnings (or “P/E”) ratio of 31.3x, since almost half of all companies in Italy have P/E ratios under 16x and even P/E’s lower than 10x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
Trump has pledged to “unleash” American oil and gas and these 15 US stocks have developments that…
