Baijia Cloud (RTC) Stock Surges Amid Market Volatility

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Nov 12, 2024

The stock of Baijia Cloud (RTC, Financial) experienced a significant surge, climbing 5.53%. The stock is currently priced at $8.40 with a trading volume of 62,874 shares, a turnover rate of 0.30%, and a fluctuation of 7.54%.

According to its recent financial report, Baijia Cloud reported a revenue of $59.79 million, a net loss of $81.85 million, and an earnings per share (EPS) of -$4.25. Its gross profit stands at $12.99 million, with a negative price-to-earnings (P/E) ratio of -1.96. Currently, there are no investment firm ratings advising to buy, hold, or sell this stock.

Within the software services industry, the overall growth was 0.95%. Among similar companies, Xbp Europe Holdings, Inc., Next Technology Holding Inc., and Grab Holdings Ltd C/Wts saw notable gains. High turnover rates were observed in Xbp Europe Holdings, Inc. at 97.53%, Tao Ping at 62.85%, and Next Technology Holding Inc. at 49.14%. Stocks with high volatility included Xbp Europe Holdings Inc. C/Wts 30/11/2028 with a 143.78% fluctuation, Next Technology Holding Inc. at 96.52%, and Arqit Quantum Inc. C/Wts 03/09/2026 at 54.42%.

Baijia Cloud specializes in video cloud technology, addressing various challenges in enterprise video applications. It provides video technical solutions for sectors such as automotive, finance, education, and healthcare. The company offers video SaaS/PaaS services, video cloud products, and video system solutions, with several research centers and offices across the country to promote digital transformation in multiple industries.

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.