Despite impressive earnings growth, the company's high P/E r...
Despite impressive earnings growth, the company's high P/E ratio may not be justifiable considering it significantly outpaces the market. Many investors appear to be overestimating the stock and reluctant to sell. This bullish viewpoint may be short-lived, as recent earning patterns potentially will bring weight on the share price.
Sunlight (1977) Holdings Limited (HKG:8451) Shares May Have Slumped 43% But Getting In Cheap Is Still Unlikely
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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