The SLANG Worldwide (CSE:SLNG) Share Price Is Up 92% And Shareholders Are Holding On

SLANG Worldwide Inc. (CSE:SLNG) shareholders might be concerned after seeing the share price drop 15% in the last week. But looking back over the last year, the returns have actually been rather pleasing! In that time we've seen the stock easily surpass the market return, with a gain of 92%.

View our latest analysis for SLANG Worldwide

Given that SLANG Worldwide didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. When a company doesn't make profits, we'd generally expect to see good revenue growth. Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.

SLANG Worldwide actually shrunk its revenue over the last year, with a reduction of 3.7%. Despite the lack of revenue growth, the stock has returned a solid 92% the last twelve months. To us that means that there isn't a lot of correlation between the past revenue performance and the share price, but a closer look at analyst forecasts and the bottom line may well explain a lot.

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).

We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. If you are thinking of buying or selling SLANG Worldwide stock, you should check out this free report showing analyst profit forecasts.

A Different Perspective

SLANG Worldwide boasts a total shareholder return of 92% for the last year. A substantial portion of that gain has come in the last three months, with the stock up 50% in that time. Demand for the stock from multiple parties is pushing the price higher; it could be that word is getting out about its virtues as a business. It's always interesting to track share price performance over the longer term. But to understand SLANG Worldwide better, we need to consider many other factors. Case in point: We've spotted 3 warning signs for SLANG Worldwide you should be aware of.

SLANG Worldwide is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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