CISO Global Inc. (NASDAQ:CISO) has experienced a significant 29% share price drop in the last month, contributing to a 73% decline over the past year. This performance has left the company with a low price-to-sales (P/S) ratio of 0.5x, considerably lower than the IT industry average. The article suggests this low valuation is justified by the company’s deteriorating revenue performance, which has shrunk by 12% in the last year and 26% over three years, contrasting sharply with the industry’s expected 21% growth.
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Why Investors Shouldn't Be Surprised By CISO Global Inc.'s (NASDAQ:CISO) 29% Share Price Plunge
CISO Global Inc. (NASDAQ:CISO) has experienced a significant 29% share price drop in the last month, contributing to a 73% decline over the past year. This performance has left the company with a low price-to-sales (P/S) ratio of 0.5x, considerably lower than the IT industry average. The article suggests this low valuation is justified by the company’s deteriorating revenue performance, which has shrunk by 12% in the last year and 26% over three years, contrasting sharply with the industry’s expected 21% growth.