HUIZ Stock Declines Amid Mixed Financial Performance

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Oct 15, 2024

The stock of Huize Holding Ltd. (HUIZ, Financial) recently experienced a significant drop of 5.09%. The share price is currently at $0.750 with a trading volume of 21,732 shares and a turnover rate of 0.04%. The price volatility for the stock stands at 3.80%.

Recent financial reports indicate that Huize Holding Ltd. achieved a revenue of $39.07 million, but reported a net loss of $3.22 million, translating to an earnings per share (EPS) of -$0.07. The company's price-to-earnings (P/E) ratio is recorded at 13.88.

In terms of analyst ratings, all three participating institutions have given a 'buy' recommendation for HUIZ stock, with no recommendations for 'hold' or 'sell'.

Within the insurance industry, where Huize operates, the overall sector saw a rise of 1.77%. Key performers in the sector include Bowhead Specialty Holdings Inc., Lemonade, Inc., and American Coastal Insurance Corporation. Lemonade, Inc. and Reliance Global Group, Inc., as well as HCI Group, showed noteworthy trading activity with turnover rates of 1.77%, 1.66%, and 1.25%, respectively. Stocks like Waterdrop Inc., Lemonade, Inc., and Oxbridge Re Holdings C/Wts 26/03/2029(Pur To Com) displayed high volatility, with amplitudes of 9.09%, 7.78%, and 7.39% respectively.

Huize Holding Ltd. is an independent online platform for insurance products and services in China. The company distributes insurance products underwritten by its insurance partners and facilitates digital insurance purchases through its platform's internet and mobile channels, earning brokerage fees from its partners.

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.