Published on 16 Aug 2023 on Simply Wall St. via Yahoo Finance
The Market Lifts Blue Apron Holdings, Inc. (NYSE:APRN) Shares 44% But It Can Do More
Blue Apron Holdings, Inc. (NYSE:APRN) shares have had a really impressive month, gaining 44% after a shaky period beforehand. But the last month did very little to improve the 88% share price decline over the last year.
In spite of the firm bounce in price, there still wouldn't be many who think Blue Apron Holdings' price-to-sales (or "P/S") ratio of 0.1x is worth a mention when the median P/S in the United States' Consumer Retailing industry is similar at about 0.5x. Although, it's not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
Check out our latest analysis for Blue Apron Holdings