DroneShield Limited’s (ASX:DRO) Share Price Is Still Matching Investor Opinion Despite 56% Slump
DroneShield Limited (ASX:DRO) shareholders won’t be pleased to see that the share price has had a very rough month, dropping 56% and undoing the prior period’s positive performance. The good news is that in the last year, the stock has shone bright like a diamond, gaining 161%.
Although its price has dipped substantially, DroneShield may still be sending very bearish signals at the moment with a price-to-sales (or “P/S”) ratio of 16.7x, since almost half of all companies in the Aerospace & Defense industry in Australia have P/S ratios under 3.7x and even P/S lower than 1.5x are not unusual. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
