Airtasker Limited (ASX:ART) Looks Just Right With A 33% Price Jump
Airtasker Limited (ASX:ART) shares have had a really impressive month, gaining 33% after a shaky period beforehand. Taking a wider view, although not as strong as the last month, the full year gain of 24% is also fairly reasonable.
Since its price has surged higher, you could be forgiven for thinking Airtasker is a stock not worth researching with a price-to-sales ratios (or “P/S”) of 3.4x, considering almost half the companies in Australia’s Interactive Media and Services industry have P/S ratios below 2.5x. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s as high as it is.
