Equillium, Inc.’s (NASDAQ:EQ) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
Those holding Equillium, Inc. (NASDAQ:EQ) shares would be relieved that the share price has rebounded 28% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. But the last month did very little to improve the 54% share price decline over the last year.
Even after such a large jump in price, Equillium may still be sending very bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.5x, since almost half of all companies in the Biotechs industry in the United States have P/S ratios greater than 8.6x and even P/S higher than 61x are not unusual. However, the P/S might be quite low for a reason and it requires further investigation to determine if…
