SiteMinder Limited’s (ASX:SDR) 34% Share Price Surge Not Quite Adding Up
Despite an already strong run, SiteMinder Limited (ASX:SDR) shares have been powering on, with a gain of 34% in the last thirty days. The last 30 days bring the annual gain to a very sharp 34%.
Following the firm bounce in price, given around half the companies in Australia’s Software industry have price-to-sales ratios (or “P/S”) below 3.3x, you may consider SiteMinder as a stock to avoid entirely with its 8.2x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/S.
See our latest analysis for SiteMinder
