MicroCloud Hologram Inc.’s (NASDAQ:HOLO) 62% Share Price Plunge Could Signal Some Risk
Unfortunately for some shareholders, the MicroCloud Hologram Inc. (NASDAQ:HOLO) share price has dived 62% in the last thirty days, prolonging recent pain. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 99% loss during that time.
In spite of the heavy fall in price, MicroCloud Hologram’s price-to-sales (or “P/S”) ratio of 7.7x might still make it look like a strong sell right now compared to other companies in the Software industry in the United States, where around half of the companies have P/S ratios below 4.2x and even P/S below 1.6x are quite common. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
