IH Stock Soars 5.69% Amidst Volatile Trading

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6 days ago

IH (IH, Financial) shares experienced a notable surge of 5.69%, reaching $2.23 per share with a trading volume of 14,768 shares and a turnover rate of 0.03%. The stock showed a price fluctuation amplitude of 6.16%.

According to the recent financial report, IH recorded revenue of $29.70 million and a net profit of $3.41 million, resulting in an earnings per share of $0.06. The company's gross profit stood at $20.95 million, with a price-to-earnings ratio of -14.09. Currently, no institutional ratings or recommendations are available for IH stock.

In the education services industry, where IH is categorized, there was an overall increase of 0.79%. Among related stocks, Quantum Song, LiXiang Education, and Mynd Ai Inc displayed significant gains. LiXiang Education, Chegg, Inc., and Golden Sun Health Technology were actively traded with turnover rates of 2.88%, 2.10%, and 1.71%, respectively. Notably, the stocks with higher volatility included TongCheng TongMei, Quantum Song, and Golden Sun Health Technology, with amplitudes of 17.42%, 16.19%, and 12.75% respectively.

IH is a Chinese company focused on creating AI-driven educational products for children. These products aim to make parenting easier and more enjoyable, offering a range of tools to support intellectual development. The company's revenue primarily comes from subscription fees for premium content in its online applications, offline products, and other sources, with the majority of income generated within Mainland 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.