HUIZ Stock Dips Amid Broader Insurance Sector Gains

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4 days ago

HUIZ experienced a notable decline in its stock price, dropping by 5.12%. The stock is currently priced at $0.749 per share, with a trading volume of 18,568 shares, a turnover rate of 0.04%, and a price fluctuation of 6.21%.

Recent earnings reports reveal HUIZ achieved a revenue of $39.07 million, while net profits stood at a loss of $3.22 million, with an earnings per share (EPS) of -$0.07. The price-to-earnings (P/E) ratio is reported at 13.61. Analyst ratings show unanimous confidence, with all three rating institutions recommending a buy, and none advising hold or sell.

Within the insurance sector, which saw an overall increase of 1.44%, certain stocks like Hippo Holdings Inc., and Oxbridge Re Holdings recorded significant gains. In contrast, stocks such as Root, Inc., and Lemonade, Inc. were notably active. Hippo Holdings Inc., HCI Group, and Abacus Life Inc. demonstrated significant price volatility, with fluctuations of 22.05%, 13.76%, and 13.58%, respectively.

HUIZ is an independent online insurance platform based in China, providing a digital insurance purchasing experience through various internet channels. The company's revenue is primarily generated from brokerage fees paid by its insurance partners.

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.