Praemium Limited (ASX:PPS) Looks Just Right With A 25% Price Jump
Those holding Praemium Limited (ASX:PPS) shares would be relieved that the share price has rebounded 25% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. The last 30 days bring the annual gain to a very sharp 66%.
Since its price has surged higher, Praemium may be sending very bearish signals at the moment with a price-to-earnings (or “P/E”) ratio of 33.7x, since almost half of all companies in Australia have P/E ratios under 17x and even P/E’s lower than 10x are not unusual. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
We’ve discovered 2 warning signs about Praemium. View them for…
