AMBO Stock Surges 5.39% Amid Market Volatility

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Oct 15, 2024

Ambow Education Holding Ltd. (AMBO, Financial) has experienced a significant stock movement with its shares rising by 5.39%. The stock is currently priced at $1.94 per share, with a trading volume of 32,997 shares. The turnover rate stands at 1.16% and the stock's amplitude is noted at 7.07%.

Financially, Ambow Education reported revenue of $9.16 million, a net loss of $3.18 million, and an earnings per share (EPS) of -$1.13. The gross profit was recorded at $2.47 million with a price-to-earnings (P/E) ratio of -1.58.

In the education services sector, where Ambow Education operates, there was an overall decline of 0.72%. Some related stocks like Chegg, Inc., LiXiang Education, and 51Talk showed notable gains. Active stocks in this sector included Chegg, Inc., LiXiang Education, and Huaxia Boya, with turnover rates of 2.96%, 2.52%, and 1.31% respectively. Stocks with significant amplitude were Visionary Holdings Inc., Huaxia Boya, and Chegg, Inc., with amplitudes of 19.31%, 12.64%, and 12.63%.

Ambow Education provides educational and career development services, primarily through its CP&CE program, which focuses on tutoring and career enhancement services. The company operates primarily in the United States and other countries.

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.