ZoomInfo Technologies Inc.’s (NASDAQ:GTM) 28% Share Price Plunge Could Signal Some Risk
To the annoyance of some shareholders, ZoomInfo Technologies Inc. (NASDAQ:GTM) shares are down a considerable 28% in the last month, which continues a horrid run for the company. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 34% share price drop.
Although its price has dipped substantially, you could still be forgiven for thinking ZoomInfo Technologies is a stock not worth researching with a price-to-sales ratios (or “P/S”) of 1.7x, considering almost half the companies in the United States’ Interactive Media and Services industry have P/S ratios below 1x. However, the P/S might be high for a reason and it requires further investigation to determine if it’s…
