Despite poor financials and declining revenue, the market's ...
Despite poor financials and declining revenue, the market's high P/S ratio may be due to hopes of future outperformance. However, this could lead to overpriced stocks. The company's growth rates are weaker than industry average, and without significant medium-term performance improvement, the P/S ratio may decline to a more reasonable level.
MCC Meili Cloud Computing Industry Investment Co., Ltd's (SZSE:000815) 26% Share Price Plunge Could Signal Some Risk
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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