There’s Reason For Concern Over Calix Limited’s (ASX:CXL) Massive 32% Price Jump
Calix Limited (ASX:CXL) shares have had a really impressive month, gaining 32% after a shaky period beforehand. But the last month did very little to improve the 53% share price decline over the last year.
After such a large jump in price, when almost half of the companies in Australia’s Chemicals industry have price-to-sales ratios (or “P/S”) below 2.3x, you may consider Calix as a stock probably not worth researching with its 4.1x P/S ratio. However, the P/S might be high for a reason and it requires further investigation to determine if it’s justified.
Check out our latest analysis for Calix
