RE:Canaccordretiredcf wrote: “Our new $0.45 target price (from $1.50) equates to 0.8 times our 2022 estimated EV/Sales and 0.7 times NTM+1 EV/Sales (ending March 2024),” he said. “While this presents a significant discount to peers on an EV/sales basis (WELL trades at 2.5 times 2022 EV/sales for example), we believe a discounted valuation is likely to persist until the company can rightsize its cost base in order to drive towards sustainable margins.”
Haven't personally looked deeply into WELL however, I suspect that their clinc business skews the EV / sales numbers. Definately not a great trend with recent acquisitions. It will be interesting to see if insiders purchase shares after results and how synergys show up in the results in the first full quarter after the Mindbeacon acquisition.