SS Innovations International, Inc.’s (NASDAQ:SSII) 29% Cheaper Price Remains In Tune With Revenues
SS Innovations International, Inc. (NASDAQ:SSII) shares have had a horrible month, losing 29% after a relatively good period beforehand. Of course, over the longer-term many would still wish they owned shares as the stock’s price has soared 129% in the last twelve months.
Even after such a large drop in price, SS Innovations International’s price-to-sales (or “P/S”) ratio of 34.4x might still make it look like a strong sell right now compared to other companies in the Medical Equipment industry in the United States, where around half of the companies have P/S ratios below 3.1x and even P/S below 1.1x are quite common. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s…
