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QUESTION
TwitterMe, Inc., is a new company and currently has negative earnings. The company's sales are $1.2 million and there are 130,000 shares outstanding....
TwitterMe, Inc., is a new company and currently has negative earnings. The company's sales are $1.2 million and there are 130,000 shares outstanding. If the benchmark price-sales ratio is 5.2, what is your estimate of an appropriate stock price? What if the price-sales ratio were 4.6?
Given,Sales revenueShares outstandingBenchmark price sales ratio $1,200,000130,0005.2 Sales revenue per share $9.23 Estimated stock Price $48.00 If price sales ratio isEstimated stock Price...