Shares of Mamma.com (MAMA) gained another 8% yesterday, meaning that the stock price has more than tripled since the company introduced its new video search engine on December 12th.
Shares closed at just under $8, incredible considering they were under $1 in the summer.
Analysts are urging investors to practice caution when considering an investment in Mamma.com stock, citing that its annual sales relative to its total market cap are approaching that of Google's (NASDAQ:GOOG). That would be an over-valuation to say the least considering Google's world wide stature.
The company's new video search engine will be an exciting feature, and will probably attract visitors, but is not expected to add significantly to revenue numbers over the next couple of years.
MAMA 1-yr chart: