Further Upside For Huize Holding Limited (NASDAQ:HUIZ) Shares Could Introduce Price Risks After 30% Bounce
Huize Holding Limited (NASDAQ:HUIZ) shareholders are no doubt pleased to see that the share price has bounced 30% in the last month, although it is still struggling to make up recently lost ground. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 36% in the last twelve months.
In spite of the firm bounce in price, it would still be understandable if you think Huize Holding is a stock with good investment prospects with a price-to-sales ratios (or “P/S”) of 0.1x, considering almost half the companies in the United States’ Insurance industry have P/S ratios above 1.1x. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S….
