Price to Sales Ratio (worth a look...) Price to Sales ratios provide investors with a means to compare the price paid for sales relative to the sales numbers being brought in by the company. They also allow investors to compare companies within the same sector to determine which are priced lower per share, again based on the sales of the companies being compared.
The formulas are not difficult to build in a spreadsheet and can be formatted in such a way that investors can work out the resulting shareprice if the PS-Ratio on one company were to go up to meet the PS-Ratio of another company or if it were to hit historical highs or specific targets etc.
The historical high PS-Ratio on HEXO shares was 244 while Tilray hit 650. The following link will provide quick access to current and historical PS-Ration numbers for HEXO and some comparison companies
HEXO Price to Sales Ratio Data
https://ycharts.com/companies/HEXO.TO/ps_ratio
As of close Friday HEXO PS-Ratio is 6.52, while Zenabis a meger .92, Canopy at 28
You can reverse calculate the shareprice of HEXO shares if the price should ever hit a PS-Ratio of 244 again. You can take that price and then multiple it by .01772 to see what the resulting value of today's Zena's shares would be.
Weekends are great for research
GLTA
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