A Piece Of The Puzzle Missing From Valens Semiconductor Ltd.’s (NYSE:VLN) 28% Share Price Climb
The Valens Semiconductor Ltd. (NYSE:VLN) share price has done very well over the last month, posting an excellent gain of 28%. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.
Although its price has surged higher, it’s still not a stretch to say that Valens Semiconductor’s price-to-sales (or “P/S”) ratio of 4.6x right now seems quite “middle-of-the-road” compared to the Semiconductor industry in the United States, where the median P/S ratio is around 4.1x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
