Jiuzi Holdings Inc. (JZXN, Financial) experienced a notable stock price surge, increasing by 6.67% to $1.76 per share. The trading volume reached 43,887 shares with a turnover rate of 0.42% and a price fluctuation of 9.70%. Recent financial reports reveal the company generated $2.28 million in revenue, but faced a net loss of $15.88 million, resulting in an earnings per share of -$0.12 and a gross loss of $42,570. The price-to-earnings ratio stands at 0.13, with no current institutional ratings available.
Within the auto retail sector, which saw an overall increase of 0.82%, Jiuzi Holdings, alongside others like Senmiao Technology and Cango, showed significant gains. Meanwhile, Kaixin Auto, Cheetah Net Supply Chain Service Inc., and Cango displayed high turnover rates. Kaixin Auto, Cango, and Zhongzhi Car Service exhibited notable price fluctuations.
Jiuzi Holdings operates under the Jiuzi brand, focusing on electric vehicle sales and franchising in China's smaller cities, with the majority of its revenue derived from the new energy vehicle segment.
