Amentum Holdings, Inc. (NYSE:AMTM) Stock Catapults 27% Though Its Price And Business Still Lag The Industry
Despite an already strong run, Amentum Holdings, Inc. (NYSE:AMTM) shares have been powering on, with a gain of 27% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 86% in the last year.
Even after such a large jump in price, Amentum Holdings’ price-to-sales (or “P/S”) ratio of 0.6x might still make it look like a buy right now compared to the Professional Services industry in the United States, where around half of the companies have P/S ratios above 1.2x and even P/S above 4x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
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