Upstart Holdings, Inc.’s (NASDAQ:UPST) P/S Is Still On The Mark Following 44% Share Price Bounce
Upstart Holdings, Inc. (NASDAQ:UPST) shareholders are no doubt pleased to see that the share price has bounced 44% in the last month, although it is still struggling to make up recently lost ground. The last month tops off a massive increase of 107% in the last year.
Following the firm bounce in price, you could be forgiven for thinking Upstart Holdings is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 7x, considering almost half the companies in the United States’ Consumer Finance industry have P/S ratios below 1.5x. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
We’ve discovered 2 warning signs about Upstart Holdings. View them for free.
