The company's low P/S ratio may be due to expectations of co...
The company's low P/S ratio may be due to expectations of continued poor revenue performance. If the company's revenue does not improve, the share price may continue to struggle. The company's declining revenue over the medium-term is contributing to its low P/S, and shareholders are currently accepting the low P/S as they expect future revenue will not provide any pleasant surprises.
Little Excitement Around Shanghai New Power Automotive Technology Company Limited's (SHSE:600841) Revenues As Shares Take 26% Pounding
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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