Is stbx a good buy

**Starbox Group Holdings Ltd. (STBX) does not appear to be a strong investment at this time**, and here's why:

1. **Financial Performance**: The company has reported a net loss of $13.4 million and a negative diluted EPS of $-0.16 for the period ending June 30, 2024. This indicates that Starbox Group is currently unprofitable.

2. **Revenue Growth**: While the company has experienced a 12% increase in revenue year-over-year, the net loss and negative EPS suggest that the growth has not yet translated into profitability.

3. **Valuation Metrics**: The P/E (TTM) is -4.31, which is negative and suggests that the company is not currently generating profits. The P/S is 5.59, which is relatively high compared to industry averages, indicating that the market may be expecting significant growth in the near future.

4. **Industry and Market Position**: Starbox Group operates in the media industry, which can be volatile and subject to regulatory changes. The company has expanded its technology portfolio through acquisitions, which could potentially enhance its market position.
5. **Recent Acquisitions**: Starbox Group has completed several strategic acquisitions, including the Virtual Space Football Software and the VS Immersive Advertisement Software. These acquisitions have been funded through share issuances, which could dilute existing shareholder value.
6. **Share Performance**: The stock has experienced significant volatility, with a year-to-date price total return of -42.35%. This indicates that the company's stock performance has been erratic, which is not conducive to a stable investment.

In conclusion, while Starbox Group has been actively acquiring new software assets, the current financial performance and valuation metrics do not support a positive investment case. Investors should closely monitor the company's ability to turn around its financial performance and navigate industry challenges.