Investors Still Aren’t Entirely Convinced By Regal Partners Limited’s (ASX:RPL) Revenues Despite 26% Price Jump
Despite an already strong run, Regal Partners Limited (ASX:RPL) shares have been powering on, with a gain of 26% in the last thirty days. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 25% in the last twelve months.
Although its price has surged higher, Regal Partners may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 3.5x, since almost half of all companies in the Capital Markets industry in Australia have P/S ratios greater than 5.3x and even P/S higher than 17x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
