Kaixin Auto Holdings (KXIN, Financial) recently experienced a significant stock price decline of 7.54%, with shares priced at $0.156 each. The trading volume reached 2.47564 million shares, reflecting a turnover rate of 4.18% and a price fluctuation amplitude of 3.80%.
According to the latest financial reports, Kaixin Auto posted no revenue and a net loss of $5.37 million, translating to an earnings per share of -$0.10. The gross profit stood at -$1.86 million, leading to a price-to-earnings ratio of -0.07. Currently, there are no institutional ratings or recommendations available for this stock in terms of buy, hold, or sell.
Within the auto retail industry, the sector has seen an overall growth of 0.26%. Notable gainers in this sector include Sgoco Technology, Vroom, Inc., and Youpin Car, which posted significant growth. Kaixin Auto, along with Cheetah Net Supply Chain Service Inc. and Carvana Co., showed active trading with turnover rates of 4.19%, 3.22%, and 1.22%, respectively. The stocks with the highest volatility included Cheetah Net Supply Chain Service Inc., Sgoco Technology, and Zhongzhi Car Fu, with amplitudes of 13.34%, 11.66%, and 6.71%, respectively.
Kaixin Auto Holdings is a retail platform for luxury used and imported new cars. The company is involved in the development, design, manufacturing, and sales of electric vehicles, with a focus on advancing next-generation autonomous driving and artificial intelligence technologies. Its primary revenue streams are from used car sales and fees obtained as a channel partner in third-party automotive financing and other value-added services.
