Zhihu (ZH) Stock Surges Over 5% Amid Positive Market Sentiment

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Nov 05, 2024

Zhihu (ZH, Financial) experienced a significant stock price increase of 5.13%, reaching $3.59 per share with a trading volume of 104,846 shares. The stock's turnover rate stood at 0.11%, with an amplitude of 4.99%. Recent financial reports indicated revenues of $129 million, but the company posted a net loss of $11.42 million, resulting in an earnings per share (EPS) of -$0.12. The gross profit was reported at $76.85 million, and the price-to-earnings (P/E) ratio was -3.98.

Among the six analysts covering Zhihu, 67% recommended buying the stock, while the remaining 33% suggested holding, with no analysts advising to sell. The internet information services sector, where Zhihu operates, saw an overall increase of 1.01%. Notable stocks in the sector included Taboola Com Ltd and Trump Media & Technology Group, which saw significant price movements.

Zhihu, headquartered in Beijing, operates as an online content community and generates revenue through services such as paid memberships, advertising, content commerce solutions, and professional training. The company derives its entire revenue from China.

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.