Despite falling revenues, ENC Digital Technology's P/S ratio aligns with the industry, indicating investor optimism for a business turnaround. However, continued revenue trends could harm the share price. The current P/S ratio may not be sustainable due to poor revenue performance.

The continuous decline in ENC Digital Technology's stock price and its shrinking revenue indicate unresolved challenges. The company's performance is weaker than most pre-profit companies and it seems unlikely for a turnaround, as per Warren Buffett's saying 'turnarounds seldom turn'.