BIT:WIITIT
Wiit (BIT:WIIT) Stock Sinks As Profit Margin Shrinks and Valuation Stays Rich
Wiit stock has been under pressure, down about 24% over the past month to €27.50, and today’s Q2 numbers help explain why. Revenue sits at €40.4m but net income has slipped to €2.2m, which keeps net margin close to mid single digits for this Italian cloud and data center operator. The short term story is about a profit squeeze and an expensive P/E of about 80x that leaves little room for comfort.
The longer term story is different. Analysts still see strong earnings growth ahead and forecast...