Benign Growth For Spacetalk Limited (ASX:SPA) Underpins Its Share Price
With a price-to-sales (or “P/S”) ratio of 0.5x Spacetalk Limited (ASX:SPA) may be sending very bullish signals at the moment, given that almost half of all the Software companies in Australia have P/S ratios greater than 2.9x and even P/S higher than 8x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.
View our latest analysis for Spacetalk
How Spacetalk Has Been Performing
Revenue has risen firmly for Spacetalk recently, which is pleasing to see. One possibility is that…
