Waterdrop Inc. (WDH, Financial) experienced a significant stock movement with a 5.79% decrease in its share price, currently trading at $1.14. The trading volume reached 204,981 shares with a turnover rate of 0.06% and a price fluctuation of 9.09%.
Recent financial reports reveal that Waterdrop has achieved a revenue of $93.36 million, a net profit of $12.19 million, and an earnings per share of $0.03. The company reported a gross profit of $49.30 million with a price-to-earnings ratio of 11.98.
Analyst ratings show that out of three firms covering Waterdrop, all recommend it as a buy, with no hold or sell recommendations. Within the insurance industry, where Waterdrop operates, the overall growth rate was 1.53%.
Comparable stocks in the sector such as Lemonade Inc., Bowhead Specialty Holdings Inc., and Heritage Insurance Holdings, Inc. have demonstrated significant gains. Particularly active stocks include Reliance Global Group, Inc., Lemonade, Inc., and HCI Group with turnover rates of 1.91%, 1.86%, and 1.31%, respectively. Stocks with notable price fluctuations include Waterdrop at 9.92%, Lemonade, Inc. at 7.78%, and Oxbridge Re Holdings at 7.39%.
Waterdrop is a technology platform focused on insurance and healthcare services and is recognized as a leading third-party insurance platform in China for life and health insurance.
