Shanghai Turbo Enterprises Ltd (SGX:AWM) Stock Rockets 5,700% As Investors Are Less Pessimistic Than Expected
Shanghai Turbo Enterprises Ltd (SGX:AWM) shares surged 5,700% recently, recovering from previous lows, but long-term holders may be disappointed as the stock is back to its price from a year ago. The company's price-to-sales (P/S) ratio stands at 0.1x, below the industry median of 0.4x, indicating muted revenue growth. Despite a recent price jump, concerns remain about the company's ability to sustain growth, with industry expectations at 23%. Investors should be cautious as the current P/S may not reflect future performance, and there are warning signs to consider before investing.
Simplywall·
