CCG Sees 5.12% Surge Amid Market Volatility

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Oct 02, 2024

Chacha Technology (CCG, Financial) experienced a notable 5.12% increase in its stock price, bringing it to $1.020 per share, with a trading volume of 496,326 shares and a turnover rate of 0.66%. The stock's amplitude reached 9.28%.

Recent financial reports indicate that Chacha Technology generated $118 million in revenue, though it posted a net loss of $3.26 million. The earnings per share (EPS) stood at -$0.04, with a gross profit of $4.27 million. The price-to-earnings ratio is currently -0.71.

Currently, no institutions have provided a buy, hold, or sell recommendation for Chacha Technology. Within the internet information service sector, the overall decline was 0.25%. Among related stocks, The Beachbody Company, Inc., Taboola Com Ltd C/Wts, and Moneyhero Ltd C/Wts exhibited significant gains. Active stocks included Trump Media & Technology Group, Baidu, and Groupon, Inc., with turnover rates of 5.22%, 2.83%, and 2.30%, respectively. Stocks with high amplitude included Rde, Inc., The Beachbody Company, Inc., and Trump Media & Technology Group Corp C/Wts, with amplitudes of 33.55%, 29.35%, and 24.91%, respectively.

Chacha Technology Group Limited is an insurance technology company in China. It offers a digital platform that redefines traditional auto insurance distribution and service value chains by enhancing operational efficiency, reducing transaction costs, and expanding distribution channels. Its business scope includes digital insurance transactions, insurance intermediary SaaS platforms, AI-driven insurance pricing and underwriting services, insurance services for new energy vehicle manufacturers, and innovative green auto insurance.

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.