UBXG: Stock Tumbles Amid Industry Activity

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Oct 03, 2024

U-BX Insurance (UBXG, Financial) experienced a rapid stock decline, dropping 5.72% to $0.623 per share. The trading volume reached 308,627 shares, with a turnover rate of 1.04% and a price fluctuation of 6.25%.

The company's latest financial report shows revenue of $29.28 million, a net loss of $216,833, and earnings per share of -$0.01. The gross profit stands at $578,860 with a negative price-to-earnings ratio of 91.55. No institutional buy, hold, or sell ratings are currently available.

In the software services industry where UBXG operates, the overall sector decreased by 0.27%. Significant gains were seen in related stocks such as Rezolve Ai Ltd, Banzai International Inc, and Arqit Quantum Inc. Meanwhile, Cemtrex Inc., Microalgo, Inc., and AMTD Digital showed high activity with turnover rates of 975.74%, 756.62%, and 21.50% respectively. Stocks with notable price swings include Rezolve Ai Ltd, Ryvyl Inc., and AMTD Digital.

U-BX Insurance specializes in AI-driven technology, providing value-added services to the insurance sector, enhancing visibility on social media, and generating revenue based on consumer interactions. They developed the "Magic Mirror" algorithm to calculate payment risks for auto insurance coverage.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.