Shares of LEAP traded higher by 8.44% or $0.79/share to $10.15. Leap Wireless International Inc. is trading at a price to book ratio of 1.06. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.08 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.24. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2045270 shares of LEAP exchange hands on a given day and today's volume is recorded at 862749. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Leap Wireless International, Inc. (Leap) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand.
