High Risk - price-to-sales ratio of 537 Sep 2023 10:00
RC365 boasts a market capitalisation of £80m. By comparison, revenue for its 2023 fiscal year ending in March landed at £1.69m. In other words, RC365 shares are trading at a price-to-sales ratio of 53. By comparison, the stock market average is usually between 1 and 2.
like a bubble waiting to burst. With that in mind, I believe investors will be well-served to steer clear of this enterprise.