PayPal share prices are plunging and currently down 80% from 2021 peaks; the largest draw down ever, market data on May 12 shows. PYPL closed the week at $61.69, down 3% from Thursday, March 11.
PayPal Shares Crumbling
Analysts observe that the decline in PayPal’s stock price has also resulted in a notable shift in its price-to-sales (P/S) ratio.
PayPal is now down 80% from its 2021 high, its largest drawdown to date.
Its price to sales ratio has moved from a record high of 17x to a record low of 2.5x.$PYPL pic.twitter.com/w9JjzPXmJb
— Charlie Bilello (@charliebilello) May 12, 2023
Previously at a record high of 17x, the P/S ratio is now at a record low of 2.5x.
The P/S ratio is a financial metric, which evaluates a company’s valuation, and compares its market capitalization to its total revenue over a specific period, typically a year.
The P/S ratio offers valuable insights into how the market perceives a company’s revenue generation relative to its size. The ratio focuses on
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