Rimini Street, Inc.’s (NASDAQ:RMNI) Share Price Boosted 37% But Its Business Prospects Need A Lift Too
Rimini Street, Inc. (NASDAQ:RMNI) shareholders have had their patience rewarded with a 37% share price jump in the last month. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 15% over that time.
In spite of the firm bounce in price, Rimini Street may still look like a strong buying opportunity at present with its price-to-sales (or “P/S”) ratio of 0.6x, considering almost half of all companies in the Software industry in the United States have P/S ratios greater than 5.7x and even P/S higher than 14x aren’t out of the ordinary. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so limited.
