Why Investors Shouldn’t Be Surprised By iAnthus Capital Holdings, Inc.’s (CSE:IAN) 50% Share Price Plunge
The iAnthus Capital Holdings, Inc. (CSE:IAN) share price has fared very poorly over the last month, falling by a substantial 50%. For any long-term shareholders, the last month ends a year to forget by locking in a 86% share price decline.
After such a large drop in price, when close to half the companies operating in Canada’s Pharmaceuticals industry have price-to-sales ratios (or “P/S”) above 0.8x, you may consider iAnthus Capital Holdings as an enticing stock to check out with its 0.1x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
View our latest analysis for iAnthus Capital Holdings
