Published on 19 Oct 2023 on Simply Wall St. via Yahoo Finance
Akerna Corp.'s (NASDAQ:KERN) Price Is Right But Growth Is Lacking
Akerna Corp.'s (NASDAQ:KERN) price-to-sales (or "P/S") ratio of 0.2x might make it look like a strong buy right now compared to the Software industry in the United States, where around half of the companies have P/S ratios above 4.2x and even P/S above 10x are quite common. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.
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