Further Upside For NextPlat Corp (NASDAQ:NXPL) Shares Could Introduce Price Risks After 25% Bounce
NextPlat Corp (NASDAQ:NXPL) shareholders are no doubt pleased to see that the share price has bounced 25% in the last month, although it is still struggling to make up recently lost ground. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 47% over that time.
In spite of the firm bounce in price, given about half the companies operating in the United States’ Telecom industry have price-to-sales ratios (or “P/S”) above 1.3x, you may still consider NextPlat as an attractive investment with its 0.2x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
