PS International Group Ltd. (NASDAQ:PSIG) shares have continued their recent momentum with a 26% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 57%.
Although its price has surged higher, there still wouldn’t be many who think PS International Group’s price-to-sales (or “P/S”) ratio of 0.7x is worth a mention when it essentially matches the median P/S in the United States’ Logistics industry. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.
