Simple PS

The stock of Omicron Corp. is currently trading at $$56\mathrm{.}55.$ The company just reported sales amounting to $$11$ million

and has $$1$ million shares outstanding. Given that the benchmark P$/$S multiple is $6,$ comment on whether the stock is

undervalued, overvalued, or fairly valued on a relative basis.

a$.$ The company's $\frac{P}{S}$ ratio is closest to:

Round your answer to one decimal

b$.$ How the stock is valued on a relative basis $($choose the correct one$)$:

overvalued

undervalued

fairly valued