Ascend Wellness Holdings, Inc. (CSE:AAWH.U) shares have retraced a considerable 32% in the last month, reversing a fair amount of their solid recent performance. To make matters worse, the recent drop has wiped out a year’s worth of gains with the share price now back where it started a year ago.
Since its price has dipped substantially, Ascend Wellness Holdings’ price-to-sales (or “P/S”) ratio of 0.5x might make it look like a buy right now compared to the Personal Products industry in Canada, where around half of the companies have P/S ratios above 1.6x and even P/S above 4x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
Check out our latest analysis for Ascend Wellness Holdings
CNSX:AAWH.U Price to Sales Ratio vs Industry March 20th 2024 What Does Ascend Wellness Holdings’ Recent Performance Look Like?
Recent times haven’t been great for Ascend Wellness Holdings as its revenue has been rising slower than most other companies. The P/S ratio is probably low because investors think this lacklustre revenue performance isn’t going to get any better. If this is the case, then existing
