Positive Sentiment Still Eludes Numinus Wellness Inc. (TSE:NUMI) Following 27% Share Price Slump
Numinus Wellness Inc. (TSE:NUMI) shares have retraced a considerable 27% in the last month, reversing a fair amount of their solid recent performance. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 64% loss during that time.
In spite of the heavy fall in price, you could still be forgiven for feeling indifferent about Numinus Wellness’ P/S ratio of 0.6x, since the median price-to-sales (or “P/S”) ratio for the Pharmaceuticals industry in Canada is also close to 0.8x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
View our latest analysis for Numinus Wellness
