Dingdong (Cayman) Limited (NYSE: DDL) shares experienced a significant plummet of 5.25% on October 30, 2024, despite the company's strong performance and positive growth outlook.
The stock had been on a remarkable run, gaining 27% in the last thirty days and a staggering 98% over the past year. However, the recent drop in share price has raised concerns among investors.
According to analysts, Dingdong (Cayman)'s price-to-sales (P/S) ratio of 0.3x is in line with the median P/S ratio of 0.4x for the Consumer Retailing industry in the United States. While the company's revenue growth has been impressive, with a 42% increase over the past three years, there have been some hiccups along the way, including a 5.6% decrease in the last year.
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