Hubify Limited’s (ASX:HFY) Share Price Boosted 29% But Its Business Prospects Need A Lift Too
Hubify Limited (ASX:HFY) shareholders would be excited to see that the share price has had a great month, posting a 29% gain and recovering from prior weakness. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 10.0% in the last twelve months.
In spite of the firm bounce in price, Hubify’s price-to-sales (or “P/S”) ratio of 0.2x might still make it look like a buy right now compared to the Telecom industry in Australia, where around half of the companies have P/S ratios above 1x and even P/S above 3x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
