CICT Mobile Communication Technology Stock Forum

Despite CICT Mobile Communication Technology's stock price surge, its P/S ratio is modest due to underwhelming revenue outlook. Market expects limited growth, reducing stock's value. Share price unlikely to rise significantly soon.

Analysts have high confidence in CICT Mobile Communication Technology's ability to reach breakeven by 2024, given the expected high growth rate. The company's low debt obligation reduces the risk around investing in the loss-making company.

Market's bearish outlook on CICT's future revenue growth results in its lower P/S ratio. Its share price might not witness substantial increases due to its lower expected growth rate compared to the industry.