With A 26% Price Drop For GeneDx Holdings Corp. (NASDAQ:WGS) You’ll Still Get What You Pay For
GeneDx Holdings Corp. (NASDAQ:WGS) shares have had a horrible month, losing 26% after a relatively good period beforehand. Of course, over the longer-term many would still wish they owned shares as the stock’s price has soared 220% in the last twelve months.
In spite of the heavy fall in price, when almost half of the companies in the United States’ Healthcare industry have price-to-sales ratios (or “P/S”) below 1x, you may still consider GeneDx Holdings as a stock not worth researching with its 5.4x P/S ratio. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
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