Global Top E-Commerce's consistent decline in share price and revenue is concerning. The market's severe sell-down of the stock may be justified due to poor performance, but contrarian investors might see a potential turnaround opportunity.

Investors may believe the company's revenue growth will underperform the industry, leading to a low P/S ratio. The company's shrinking revenues and the industry's forecasted expansion could further decrease the P/S ratio if top-line growth doesn't improve. The current share price reflects these concerns.

Investors tend to avoid investing in companies suffering losses and declining revenue. The stock's underperformance suggests potential challenges yet to be resolved. Be conscious of investment risks and focus on high-quality businesses.