QH Stock Dips Over 8% Amidst Lack of Institutional Ratings

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Oct 25, 2024

QH (QH, Financial) shares experienced significant volatility, dropping 8.16%. The stock is currently priced at $1.35, with a trading volume of 37,947 shares and a turnover rate of 0.04%. The amplitude of fluctuation is noted at 4.76%.

According to the latest financial report, QH reported revenue of $225 million but faced a net loss of $7.28 million. The earnings per share (EPS) stand at -$0.87, with a gross profit of $3.43 million, and a price-to-earnings (P/E) ratio of -2.54. Currently, there are no institutional recommendations for buying, holding, or selling QH shares.

In the broader software services sector, where QH operates, there is a collective increase of 0.86%. Other stocks in the industry like Bm Technologies, Inc., Pagaya Technologies Ltd, and Phunware, Inc. have seen notable gains. Active stocks include Cemtrex Inc., Phunware, Inc., and Zapata Computing Holdings Inc., with significant turnover rates. Stocks with high volatility include Hub Cyber Security Ltd, Triller Group Inc, and Pagaya Technologies Ltd.

QH operates as a gig economy platform based in China, offering end-to-end operational solutions for e-commerce consumer services like food delivery and ride-hailing. The majority of its revenue is derived from service fees within China, mainly through on-demand delivery solutions.

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.