LGCL Stock (LGCL) Experiences Sharp Decline Amidst Industry Volatility

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Nov 20, 2024

LGCL.us (LGCL, Financial) experienced significant stock volatility with a sharp decline of 5.76%. The stock is currently priced at $0.980 per share, with a trading volume of 266,362 shares and a turnover rate of 0.33%. The price fluctuation was recorded at 5.58%.

Recent financial reports reveal that LGCL achieved a revenue of $83.92 million, a net profit of $7.42 million, and an earnings per share (EPS) of $0.10. The gross profit stood at $28.14 million, with a price-to-earnings (P/E) ratio of 7.26. Currently, there are no institutional ratings available for LGCL, indicating a lack of buy, hold, or sell recommendations.

Within the software services sector, which saw an overall decline of 0.29%, several related stocks showed notable movements. Stocks such as Palladyne Ai Corp C/Wts 24/09/2026, Kingsoft Cloud, and Aurora saw significant gains. Meanwhile, Bakkt Holdings, Inc., Cemtrex Inc., and Next Technology Holding Inc. were notably active, with turnover rates of 61.41%, 23.01%, and 22.78%, respectively. Stocks with high price volatility included Palladyne Ai Corp C/Wts 24/09/2026, Hub Cyber Security Ltd C/Wts 22/08/2025, and Wag Group Co C/Wts 30/07/2027, with fluctuations of 517.02%, 78.60%, and 70.00%, respectively.

LGCL, formally known as Lokesh Technology (Beijing) Co., Ltd., is a China-based provider of online human capital management services. The company operates on a PaaS platform, focusing on technology-driven solutions and agency-centered services for professionals.

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.