Published on 18 Nov 2023 on Simply Wall St. via Yahoo Finance

Rubicon Technologies, Inc.'s (NYSE:RBT) Share Price Boosted 29% But Its Business Prospects Need A...

Those holding Rubicon Technologies, Inc. (NYSE:RBT) shares would be relieved that the share price has rebounded 29% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Still, the 30-day jump doesn't change the fact that longer term shareholders have seen their stock decimated by the 87% share price drop in the last twelve months.

In spite of the firm bounce in price, Rubicon Technologies' price-to-sales (or "P/S") ratio of 0.1x might still make it look like a strong buy right now compared to the wider Software industry in the United States, where around half of the companies have P/S ratios above 4.3x and even P/S above 10x are quite common. However, the P/S might be quite low for a reason and it requires further investigation to determine if it's justified.

See our latest analysis for Rubicon Technologies