Semler Scientific, Inc.’s (NASDAQ:SMLR) 26% Share Price Surge Not Quite Adding Up
Semler Scientific, Inc. (NASDAQ:SMLR) shares have had a really impressive month, gaining 26% after a shaky period beforehand. Looking back a bit further, it’s encouraging to see the stock is up 25% in the last year.
Since its price has surged higher, you could be forgiven for thinking Semler Scientific is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 11.6x, considering almost half the companies in the United States’ Medical Equipment industry have P/S ratios below 2.7x. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
