News article red flag24 Jul 2023 09:19
In its most recent interim report, the loss-making firm’s revenue came in at less than £1m. That puts the shares on a price-to-sales (P/S) ratio of 144. For context, a P/S of 10 is generally considered very expensive.
Speaking as a long-term investor, a red flag for me here is the news section of the company’s investor relations page. Nearly every piece of corporate news is accompanied with links to articles about how much the RC365 share price has “rallied” or “rocketed“.