There’s Reason For Concern Over American Superconductor Corporation’s (NASDAQ:AMSC) Massive 25% Price Jump
Despite an already strong run, American Superconductor Corporation (NASDAQ:AMSC) shares have been powering on, with a gain of 25% in the last thirty days. The annual gain comes to 140% following the latest surge, making investors sit up and take notice.
Since its price has surged higher, you could be forgiven for thinking American Superconductor is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 9.5x, considering almost half the companies in the United States’ Electrical industry have P/S ratios below 2.4x. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
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