EDTK Stock Surges Amidst Volatile Trading in Education Sector

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Oct 28, 2024

Wangdao Technology (EDTK, Financial) experienced a notable stock movement with a 7.21% surge. The stock is currently priced at $1.040, with a trading volume of 66,896 shares and a turnover rate of 0.42%. The stock's price amplitude stood at 5.15%.

Wangdao Technology's recent financial report reveals a revenue of $2.00 million, a net loss of $4.72 million, and earnings per share (EPS) of -$0.31. The company's gross profit was $116,445, with a price-to-earnings (P/E) ratio of -3.18. Currently, no institutional ratings are available for buying, holding, or selling this stock.

Within the education services sector, which saw an overall increase of 1.02%, Wangdao Technology, along with Quantum Technology and Gaotu, showed significant gains. Additionally, stocks like Lixiang Education and Visionary Holdings Inc. demonstrated high activity levels with turnover rates of 7.58% and 3.07%, respectively. Other active stocks in terms of volatility included Quantum Technology and Lixiang Education.

Wangdao Technology, based in Wuxi, China, specializes in online education and technology services. It offers programs in online vocational training and virtual simulation training, covering a wide range of subjects such as mechanics, electronics, automotive repair, and construction. The majority of its revenue is generated from China.

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.