Published on 15 Aug 2023 on Simply Wall St. via Yahoo Finance

Slammed 25% Kaixin Auto Holdings (NASDAQ:KXIN) Screens Well Here But There Might Be A Catch

To the annoyance of some shareholders, Kaixin Auto Holdings (NASDAQ:KXIN) shares are down a considerable 25% in the last month, which continues a horrid run for the company. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 79% loss during that time.

Even after such a large drop in price, it's still not a stretch to say that Kaixin Auto Holdings' price-to-sales (or "P/S") ratio of 0.6x right now seems quite "middle-of-the-road" compared to the Specialty Retail industry in the United States, where the median P/S ratio is around 0.4x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.

Check out our latest analysis for Kaixin Auto Holdings