EV/S Indicator for Electric Vehicle Producers Is Well above the Market Average of Nasdaq (NDX) and S&P 500 (SPX)

This may indicate that the EV sector is overbought.

Image Source: themarketear.com

EV/S indicator for electric vehicle producers is very much above the market average, according to The Market Ear.

The EV/S indicator enables investors to value a company based on its sales, while taking into an account both the company's equity and debt.

While a high reading may imply investor’s confidence in the future of the company, such a large gap is still alarming as the stock looks overbought.

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Pete is an expert in content creation with a passion for the global economy and equities market.