Wag! Group Co. (NASDAQ:PET) Stock Catapults 27% Though Its Price And Business Still Lag The Industry
Those holding Wag! Group Co. (NASDAQ:PET) shares would be relieved that the share price has rebounded 27% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. But the last month did very little to improve the 84% share price decline over the last year.
In spite of the firm bounce in price, considering around half the companies operating in the United States’ Consumer Services industry have price-to-sales ratios (or “P/S”) above 1.5x, you may still consider Wag! Group as an solid investment opportunity with its 0.2x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
