SenSen Networks Limited (ASX:SNS) Stock Catapults 33% Though Its Price And Business Still Lag The Industry
SenSen Networks Limited (ASX:SNS) shareholders have had their patience rewarded with a 33% share price jump in the last month. But the gains over the last month weren’t enough to make shareholders whole, as the share price is still down 4.8% in the last twelve months.
Although its price has surged higher, SenSen Networks may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 2.1x, considering almost half of all companies in the Software industry in Australia have P/S ratios greater than 3.2x and even P/S higher than 10x 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 limited.
