The high P/E ratio evident in the company seems to be due to...
The high P/E ratio evident in the company seems to be due to superior earnings predictions. Solid stock prices are supported by investors' belief in a minimal risk of earnings deterioration. The projected high growth rate may be fueling continued investor optimism and maintaining a high PE ratio.
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
Read more