TrueCar, Inc.’s (NASDAQ:TRUE) 39% Dip In Price Shows Sentiment Is Matching Revenues
TrueCar, Inc. (NASDAQ:TRUE) shares have had a horrible month, losing 39% after a relatively good period beforehand. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 60% loss during that time.
Following the heavy fall in price, TrueCar may be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.7x, considering almost half of all companies in the Interactive Media and Services industry in the United States have P/S ratios greater than 1.4x and even P/S higher than 4x 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.
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