RTC Stock Dips Over 8% Amid Lackluster Financial Performance

Oct 09, 2024

Shares of RTC (RTC, Financial) saw a significant drop of 8.19%. The stock was trading at $7.57 with a volume of 4,384 shares and a turnover rate of 0.02%. Despite a revenue of $30.54 million, the company reported a net loss of $18.85 million, resulting in an earnings per share (EPS) of -$0.20 and a negative P/E ratio of -10.07. There are currently no buy, hold, or sell ratings from institutions on RTC stock.

Within the software services sector, the overall growth was 0.67%. Noteworthy stock movements include Banzai International, Inc., and Wellchange Holdings Company Limited, which showed significant gains. Other active stocks like Cemtrex Inc., Banzai International, Inc., and Microalgo, Inc. had high turnover rates. Stocks with notable price swings included Surgepays Inc. and Palladyne Ai Corp.

RTC is a B2B video cloud technology provider addressing enterprise needs across sectors such as automotive, finance, education, and healthcare. The company offers video SaaS/PaaS, cloud products, and solutions, operating multiple R&D centers and offices nationwide.

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.

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