Further Upside For SuperCom Ltd. (NASDAQ:SPCB) Shares Could Introduce Price Risks After 63% Bounce
SuperCom Ltd. (NASDAQ:SPCB) shareholders would be excited to see that the share price has had a great month, posting a 63% gain and recovering from prior weakness. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 23% over that time.
In spite of the firm bounce in price, SuperCom’s price-to-sales (or “P/S”) ratio of 0.4x might still make it look like a buy right now compared to the Electronic industry in the United States, where around half of the companies have P/S ratios above 2.2x and even P/S above 6x are quite common. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
