Ayr Wellness Inc.’s (CSE:AYR.A) 29% Share Price Surge Not Quite Adding Up
Ayr Wellness Inc. (CSE:AYR.A) shareholders have had their patience rewarded with a 29% share price jump in the last month. Looking back a bit further, it’s encouraging to see the stock is up 96% in the last year.
In spite of the firm bounce in price, it’s still not a stretch to say that Ayr Wellness’ price-to-sales (or “P/S”) ratio of 0.6x right now seems quite “middle-of-the-road” compared to the Pharmaceuticals industry in Canada, where the median P/S ratio is around 1x. 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.
See our latest analysis for Ayr Wellness
