XIN Stock Surges Over 6% Amid Real Estate Sector Gains

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Oct 11, 2024
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Xinyuan Real Estate (XIN, Financial) experienced a significant stock price increase of 6.33%, with its shares trading at $4.18. The trading volume reached 19,113 shares, yielding a turnover rate of 0.34% and a volatility of 7.83%.

Recent financial reports reveal that Xinyuan reported a revenue of $805 million and a net profit of $40.28 million, translating to earnings per share of $7.55. The company's price-to-earnings ratio stands at 0.53. Currently, there are no institutional ratings available for buy, hold, or sell recommendations on Xinyuan.

In the broader real estate sector, which saw a modest overall increase of 0.19%, several stocks showed notable performance. Comstock Holding, Landsea Homes Corporation C/Wts 8/1/2026, and Opendoor Technologies Inc were among the top gainers. Xchange Tec.Inc and Redfin Corporation also showed high activity levels with turnover rates of 6.21% and 2.70%, respectively, while Xchange Tec.Inc and Alset Inc. demonstrated significant volatility.

Xinyuan Real Estate Co., Ltd. is a China-based real estate developer and property management company, focusing on residential projects. These developments often comprise multiple residential buildings with various amenities such as retail stores, leisure and health facilities, and educational institutions, targeting middle-class consumers.

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.