Oriental Rise Holdings Limited (NASDAQ:ORIS) Stock Catapults 51% Though Its Price And Business Still Lag The Industry
Those holding Oriental Rise Holdings Limited (NASDAQ:ORIS) shares would be relieved that the share price has rebounded 51% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. While recent buyers may be laughing, long-term holders might not be as pleased since the recent gain only brings the stock back to where it started a year ago.
Although its price has surged higher, Oriental Rise Holdings may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.3x, since almost half of all companies in the Food industry in the United States have P/S ratios greater than 0.9x and even P/S higher than 3x are not unusual. Although, it’s not…
