SXTC Stock Surges with a 6.49% Jump Amidst Market Activity

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Oct 17, 2024

Shares of Su Xuan Tang (SXTC, Financial) experienced a significant boost, soaring 6.49%. The stock is currently priced at $0.640 with a trading volume of 226,467 shares. The turnover rate is recorded at 6.51%, with a fluctuation of 6.66%.

Recent financial reports reveal that the company generated $1.93 million in revenue, while facing a net loss of $3.10 million. The earnings per share stood at a negative $3.57, with a gross profit of $553,971. The company has a negative price-to-earnings ratio of -0.17, and no institutional ratings are currently available for buy, hold, or sell recommendations.

Within the pharmaceutical industry, which saw a 0.24% overall increase, SXTC leads notable movements. Related stocks such as Talphera, Inc., Scilex Holding Company, and Alvotech have shown significant activity with volatility rates of 40.96%, 30.43%, and 26.37% respectively.

Su Xuan Tang is a pharmaceutical company based in Jiangsu, China, specializing in traditional Chinese medicine pieces (TCMP). The company focuses on research, development, manufacturing, marketing, and sales, particularly of processed TCMP that do not require decoction before use.

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.