The stock of Chinese insurtech company Zhibao Technology (ZBAO, Financial) experienced a sharp decline of 6.15%. The stock is currently priced at $3.51 per share, with a trading volume of 695 shares, a turnover rate of 0.00%, and a price volatility of 5.75%.
Recent financial reports indicate that Zhibao Technology achieved a revenue of $11.64 million, but reported a net loss of $1.18 million, translating to an earnings per share of -$0.04. The company's price-to-earnings ratio stands at -14.23, with no current institutional ratings of buy, hold, or sell for the stock.
In the broader insurance industry, where Zhibao Technology operates, the sector saw an overall gain of 0.71%. Notable performers include Abacus Life Inc C/Wts 30/06/2028 (To Pur Com), Tianrui Xiang, and Reliance Global Group, Inc. Reliance Global Group, Inc., Tianrui Xiang, and Lemonade, Inc. showed significant trading activity with turnover rates of 6.19%, 3.32%, and 1.43% respectively. Stocks with high volatility included Huize, Atlantic American, and Tianrui Xiang, with volatilities of 12.28%, 11.24%, and 10.40% respectively.
Zhibao Technology specializes in providing digital insurance brokerage services in China. The company pioneered a B2B2C digital embedded insurance model, offering customized digital insurance solutions to B2B channels spanning various industries and organizations, including internet platforms, large enterprises, and government bodies, while also serving B2C customers with digital insurance brokerage services.
