Viasat, Inc.’s (NASDAQ:VSAT) Price Is Right But Growth Is Lacking After Shares Rocket 33%
Viasat, Inc. (NASDAQ:VSAT) shareholders have had their patience rewarded with a 33% share price jump in the last month. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.
Even after such a large jump in price, Viasat may still be sending 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 Communications industry in the United States have P/S ratios greater than 2x and even P/S higher than 4x are not unusual. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
