Despite the stock price surge, low P/S ratio could be due to shrinking revenue and limited growth expectations. With industry's expected growth of 44% next year, continuous revenue downfall could drag down shares and influence investors' sentiment, leading to potential disappointments.
Suzhou Keda Technology Ltd's financial situation appears unstable with rising debt and significant EBIT loss, coupled with declining revenue. If the company's past year loss isn't converted to profit, it may face liabilities in relation to its cash balance, indicating strained balance sheet.
Suzhou Keda Technology Stock Forum
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