Swift Networks Group Limited’s (ASX:SW1) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Swift Networks Group Limited (ASX:SW1) shareholders are no doubt pleased to see that the share price has bounced 29% in the last month, although it is still struggling to make up recently lost ground. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 40% in the last twelve months.
In spite of the firm bounce in price, Swift Networks Group’s price-to-sales (or “P/S”) ratio of 0.5x might still make it look like a buy right now compared to the Entertainment industry in Australia, where around half of the companies have P/S ratios above 2.3x and even P/S above 5x 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…
