Cheche Technology (CCG, Financial) saw its stock price rise by 5.76%, reaching $1.010 per share with a trading volume of 1.17891 million shares and a turnover rate of 1.53%. The stock's amplitude was recorded at 5.24%.
Recent financial reports indicate that Cheche Technology generated a revenue of $118 million, with a net loss of $3.26 million, translating to an earnings per share of -$0.04. The company posted a gross profit of $4.27 million and a price-to-earnings ratio of -0.71. All participating brokerage firms in the ratings have recommended a "buy," with no "hold" or "sell" suggestions.
Within the internet information services sector, where Cheche Technology operates, the overall increase was 0.21%. Notably, stocks such as Starbox Group Holdings Ltd., Genius Sports Limited, and Leafly Holdings saw significant gains. Other active stocks in the sector included Trump Media & Technology Group, Leafly Holdings, and Groupon, with turnover rates of 10.50%, 4.58%, and 3.90% respectively. Stocks with notable amplitude included Leafly Holdings and Starbox Group Holdings, with amplitudes of 69.26% and 52.00% respectively.
Cheche Technology Group Inc. is a leading insurance tech company in China, offering a digital platform that empowers car insurance transactions and services. The company enhances traditional car insurance by increasing operational efficiency, reducing transaction costs, and expanding distribution channels. Their offerings include digital insurance transactions, SaaS platform for insurance intermediaries, AI-driven insurance pricing and underwriting services, and innovative solutions for green and new energy vehicle insurance.
