There’s No Escaping Sound Group Inc.’s (NASDAQ:SOGP) Muted Revenues Despite A 486% Share Price Rise
Despite an already strong run, Sound Group Inc. (NASDAQ:SOGP) shares have been powering on, with a gain of 486% in the last thirty days. The last 30 days were the cherry on top of the stock’s 1,565% gain in the last year, which is nothing short of spectacular.
Even after such a large jump in price, Sound Group’s price-to-sales (or “P/S”) ratio of 0.4x might still make it look like a buy right now compared to the Entertainment industry in the United States, where around half of the companies have P/S ratios above 1.8x and even P/S above 6x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
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