Bandwidth Inc.’s (NASDAQ:BAND) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Bandwidth Inc. (NASDAQ:BAND) shareholders have had their patience rewarded with a 27% share price jump in the last month. Notwithstanding the latest gain, the annual share price return of 5.4% isn’t as impressive.
Even after such a large jump in price, considering around half the companies operating in the United States’ Telecom industry have price-to-sales ratios (or “P/S”) above 1.3x, you may still consider Bandwidth as an solid investment opportunity with its 0.7x P/S ratio. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
