Why Investors Shouldn’t Be Surprised By Great Elm Group, Inc.’s (NASDAQ:GEG) 44% Share Price Surge
Great Elm Group, Inc. (NASDAQ:GEG) shareholders have had their patience rewarded with a 44% share price jump in the last month. Looking back a bit further, it’s encouraging to see the stock is up 72% in the last year.
After such a large jump in price, you could be forgiven for thinking Great Elm Group is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 6x, considering almost half the companies in the United States’ Capital Markets industry have P/S ratios below 3.8x. 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.
