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Despite a rise in share price, Hangzhou Raycloud Technology'...
Despite a rise in share price, Hangzhou Raycloud Technology's high P/S ratio may not be justified due to recent revenue declines and average growth expectations. The current high share price may not be sustainable without a positive change in revenue growth.
Hangzhou Raycloud Technology Co.,Ltd's (SHSE:688365) 27% Share Price Surge Not Quite Adding Up
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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