Confluent, Inc.’s (NASDAQ:CFLT) 32% Share Price Plunge Could Signal Some Risk
Explore Confluent’s Fair Values from the Community and select yours
Confluent, Inc. (NASDAQ:CFLT) shareholders won’t be pleased to see that the share price has had a very rough month, dropping 32% and undoing the prior period’s positive performance. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 20% share price drop.
Although its price has dipped substantially, there still wouldn’t be many who think Confluent’s price-to-sales (or “P/S”) ratio of 5.6x is worth a mention when the median P/S in the United States’ Software industry is similar at about 4.9x. Although, it’s not wise to simply ignore the P/S without…
