Published on 16 Aug 2023 on Simply Wall St. via Yahoo Finance
Investors Aren't Entirely Convinced By Luokung Technology Corp.'s (NASDAQ:LKCO) Revenues
With a price-to-sales (or "P/S") ratio of 0.2x Luokung Technology Corp. (NASDAQ:LKCO) may be sending bullish signals at the moment, given that almost half of all the Interactive Media and Services companies in the United States have P/S ratios greater than 1.3x and even P/S higher than 4x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
Check out our latest analysis for Luokung Technology
