Further Upside For Feedforce Group Inc. (TSE:7068) Shares Could Introduce Price Risks After 26% Bounce
The Feedforce Group Inc. (TSE:7068) share price has done very well over the last month, posting an excellent gain of 26%. Looking back a bit further, it’s encouraging to see the stock is up 43% in the last year.
Although its price has surged higher, it’s still not a stretch to say that Feedforce Group’s price-to-earnings (or “P/E”) ratio of 15.1x right now seems quite “middle-of-the-road” compared to the market in Japan, where the median P/E ratio is around 15x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
With earnings growth that’s…
