Digitalist Group Plc’s (HEL:DIGIGR) P/S Is Still On The Mark Following 45% Share Price Bounce
Digitalist Group Plc (HEL:DIGIGR) shareholders would be excited to see that the share price has had a great month, posting a 45% gain and recovering from prior weakness. The annual gain comes to 269% following the latest surge, making investors sit up and take notice.
Since its price has surged higher, when almost half of the companies in Finland’s IT industry have price-to-sales ratios (or “P/S”) below 0.7x, you may consider Digitalist Group as a stock probably not worth researching with its 1.3x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/S.
