A Piece Of The Puzzle Missing From Purple Group Limited’s (JSE:PPE) 26% Share Price Climb
Purple Group Limited (JSE:PPE) shares have had a really impressive month, gaining 26% after a shaky period beforehand. Looking back a bit further, it’s encouraging to see the stock is up 28% in the last year.
Although its price has surged higher, there still wouldn’t be many who think Purple Group’s price-to-sales (or “P/S”) ratio of 3.8x is worth a mention when the median P/S in South Africa’s Capital Markets industry is similar at about 3.6x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
Our free stock report includes 2 warning signs investors should be aware of before investing in Purple Group. Read for free now.
