Bridgeline Digital, Inc.’s (NASDAQ:BLIN) Price Is Right But Growth Is Lacking After Shares Rocket 30%
Bridgeline Digital, Inc. (NASDAQ:BLIN) shareholders would be excited to see that the share price has had a great month, posting a 30% gain and recovering from prior weakness. The last 30 days bring the annual gain to a very sharp 54%.
Although its price has surged higher, Bridgeline Digital’s price-to-sales (or “P/S”) ratio of 1.5x might still make it look like a strong buy right now compared to the wider Software industry in the United States, where around half of the companies have P/S ratios above 4.6x and even P/S above 11x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.
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