AZI Stock Surges Over 5% Amid Automotive Retail Sector Rally

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Oct 09, 2024

The stock of Zhongzhi Chuangfu (AZI, Financial) experienced a notable fluctuation, with a rapid increase of 5.53%. The stock is currently priced at $0.950 per share, with a trading volume of 26,937 shares and a turnover rate of 0.03%. The stock shows a volatility amplitude of 12.76%.

According to recent financial reports, Zhongzhi Chuangfu has reported a revenue of $6.68 million and a net loss of $1.39 million, translating to an earnings per share of -$0.01. The gross profit is noted at $15,398.29, while the price-to-earnings ratio stands at -4.31. There are currently no institutional ratings or recommendations on the stock regarding buying, holding, or selling.

Within the automotive retail sector, which has seen an overall increase of 0.11%, Zhongzhi Chuangfu, along with other stocks like Kaixin Auto and Jiuzisyn Energy, recorded significant gains. Notably, Kaixin Auto, Carvana Co., and Cheetah Net Supply Chain Service Inc. were active in trading with turnover rates of 243.51%, 1.34%, and 1.23%, respectively. Kaixin Auto, Uxin, and Zhongzhi Chuangfu displayed marked volatilities, with amplitudes of 68.61%, 16.47%, and 12.76%, respectively.

Zhongzhi Chuangfu is recognized as a leading and rapidly expanding lifecycle automotive service provider in China. The company offers comprehensive and affordable automotive products and services through an extensive online and offline network. Its business operations span new car sales, automotive parts and accessories, as well as automotive insurance services, with the majority of revenue generated from new car sales and parts.

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.