Shares of 51Talk (COE, Financial) faced a significant drop, falling by 6.75%. At the latest report, the stock was priced at $13.06, with a trading volume of 7,017 shares, a turnover rate of 0.12%, and an amplitude of 6.68%.
The company's recent financial report shows revenue of $10.96 million with a net loss of $1.25 million. The earnings per share were reported at -$0.22, and the gross profit was $8.56 million. The price-to-earnings ratio stands at -7.26.
Currently, there are no institutional ratings for 51Talk, such as buy, hold, or sell recommendations.
In the broader education services sector, which saw an overall decline of 0.67%, some related stocks showed significant gains. Notably, Mynd Ai Inc., Legacy Education Inc., and Sunlands Online Education Group saw substantial increases. Active stocks in this sector include Ambow Education, Lixiang Education, and China Futong Education, with turnover rates of 172.60%, 3.73%, and 3.09% respectively. Stocks with higher volatility include Mynd Ai Inc., Ambow Education, and Sunlands Online Education Group, with amplitudes of 22.92%, 20.65%, and 19.53% respectively.
51Talk, also known as 51Talk Worry-Free English, is a prominent online education platform in China with a focus on English education. The company aims to make quality education accessible and affordable. Its online and mobile platforms allow students across China to engage in live interactive English lessons with foreign teachers.
