HUIZ Stock Dips 5.72% Amid Market Volatility

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Oct 30, 2024

HUIZ (HUIZ, Financial) shares experienced a significant decline of 5.72%. The stock is currently priced at $0.780 per share with a trading volume of 18,975 shares, reflecting a turnover rate of 0.04% and a price fluctuation of 1.34%.

Recent financial reports reveal that HUIZ achieved a revenue of $39.07 million, with a net loss of $3.22 million and an earnings per share (EPS) of -$0.07. The company currently does not have available gross profit data and holds a price-to-earnings ratio of 14.34. According to ratings from three institutions, all analysts recommend buying, with no suggestions for holding or selling.

In the insurance sector, where HUIZ operates, the overall increase was 0.05%. Notable stocks in this sector include Mercuri General, Lemonade, Inc., and Unum Group, which saw substantial gains. Other active stocks such as Reliance Global Group, Inc., The Baldwin Insurance Group, Inc., and Golden Stone Insurance had turnover rates of 4.29%, 3.02%, and 2.51% respectively. Volatile stocks included Fundamental Global Inc., Abacus Life Inc C/Wts 30/06/2028 (To Pur Com), and The Baldwin Insurance Group, Inc., with fluctuation rates of 11.21%, 10.48%, and 10.36% respectively.

HUIZ Holding Company is a Chinese independent online platform providing insurance products and services. It distributes insurance policies underwritten by partner insurance companies and helps these partners access a large base of customers. The platform offers a digital insurance purchasing experience through various internet and mobile channels. The company earns revenue from brokerage fees paid by its insurance partners.

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.