AIHS Stock Plummets Amid Financial Struggles

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The stock of Senmiao Technology (AIHS, Financial) experienced a significant drop of 6.79%. The current price stands at $0.818 per share, with a trading volume of 56,327 shares and a turnover rate of 0.54%. The stock has shown a fluctuation amplitude of 6.95%.

Recent financial reports highlight the company's struggles, with an operating revenue of $1.12 million and a net loss of $673,420. Earnings per share are reported at a negative $0.06, and the price-to-earnings ratio is at -2.10. There are currently no institutional ratings for buy, hold, or sell recommendations on AIHS.

Within its credit services industry, Senmiao Technology has witnessed a sector decline of 0.64%. In contrast, related stocks such as Lexin, Oppfi Inc., and Sofi Technologies, Inc. have seen notable gains. Companies like Upstart Holdings, Inc., Sofi Technologies, Inc., and Sezzle Inc. have demonstrated significant trading activity. Stocks with notable volatility include Sezzle Inc., Lufax Holding, and Lexin, showing amplitudes of 16.72%, 11.08%, and 10.00%, respectively.

Senmiao Technology, a holding company, primarily operates in the online ride-hailing sector in China through its platform "xixingtianxia." The company's main revenue stream is from automotive transactions and related services.

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.