TwitterMe, Inc., is a new company and currently has negative earnings. The company's sales are $$2\mathrm{.}7$ million and there are $130,000$ shares outstanding. If the benchmark price$-$sales ratio is $4\mathrm{.}3,$ what is your estimate of an appropriate stock price? What if the price$-$sales ratio were $3\mathrm{.}6?$

Sales

Shares outstanding

Benchmark PS

$ $2,700,000$

Benchmark PS

$130,000$

$4\mathrm{.}3$

$3\mathrm{.}6$

Complete the following analysis. Do not hard code values in your calculations.

Sales per share

Stock price at price$-$sales ratio of $4\mathrm{.}3$

Stock price at price$-$sales ratio of $3\mathrm{.}6$