RideNow Group, Inc.’s (NASDAQ:RDNW) 31% Price Boost Is Out Of Tune With Revenues
Despite an already strong run, RideNow Group, Inc. (NASDAQ:RDNW) shares have been powering on, with a gain of 31% in the last thirty days. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 17% in the last twelve months.
In spite of the firm bounce in price, you could still be forgiven for feeling indifferent about RideNow Group’s P/S ratio of 0.1x, since the median price-to-sales (or “P/S”) ratio for the Specialty Retail industry in the United States is also close to 0.4x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
