Jiuzi Holdings Inc. (JZXN, Financial), a player in the automotive retail sector, saw its stock price plunge by 7.75%. The stock was trading at $1.31 per share, with a trading volume of 5,620 shares and a turnover rate of 0.05%. The stock's volatility stood at 8.45%.
According to the latest financial data, Jiuzi Holdings reported revenue of $2.28 million but faced a net loss of $15.88 million. The earnings per share were at a negative $0.12, with a gross loss of approximately $42,570. The company's price-to-earnings ratio is noted at 0.10 times. Currently, there are no institutional ratings available regarding any "buy," "hold," or "sell" recommendations for the stock.
Within the automotive retail industry where Jiuzi Holdings operates, the sector overall showed no change. Other notable stocks in the same sector experienced varied movements. Suncar Technology Group Inc., Lazydays Holdings Inc., and Youpin Auto saw significant gains. Meanwhile, Kaixin Auto, Carvana Co., and Cheetah Net Supply Chain Service Inc. remained active with turnover rates of 33.59%, 0.95%, and 0.77%, respectively. Stocks with notable volatility included Suncar Technology Group Inc., Kaixin Auto, and Lazydays Holdings Inc., with amplitudes of 20.12%, 19.80%, and 11.85% respectively.
Jiuzi Holdings, headquartered in China, primarily franchises under the Jiuzi brand and specializes in selling new energy vehicles across China's smaller cities. The company also caters to the demand for plug-in electric vehicles, with the majority of its revenue generated from the new energy vehicle segment.
