Dolphin Entertainment, Inc. (NASDAQ:DLPN) Stock Catapults 29% Though Its Price And Business Still Lag The Industry
Dolphin Entertainment, Inc. (NASDAQ:DLPN) shares have had a really impressive month, gaining 29% after a shaky period beforehand. While recent buyers may be laughing, long-term holders might not be as pleased since the recent gain only brings the stock back to where it started a year ago.
Although its price has surged higher, Dolphin Entertainment may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.3x, considering almost half of all companies in the Entertainment industry in the United States have P/S ratios greater than 1.8x and even P/S higher than 6x aren’t out of the ordinary. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
