BAOS Stock Surges Over 8% Amid Market Volatility

Author's Avatar
Nov 12, 2024

The stock of Baosheng Media Group Holdings Limited (BAOS, Financial) experienced significant movement, with a sharp rise of 8.81%. The stock is currently priced at $2.10 per share, with a trading volume of 10,759 shares, a turnover rate of 0.70%, and a price fluctuation of 5.69%.

Recent financial reports reveal that Baosheng generated sales revenue of $46,175 but reported a net loss of $1.74 million. Earnings per share stand at -$1.13, with a gross profit showing a negative value of $153,654. The price-to-earnings ratio is calculated to be -0.85. As of now, no financial institutions have provided ratings regarding buying, holding, or selling BAOS stock.

Within the advertising and marketing industry, the sector saw an overall decline of 0.71%. However, related stocks such as Able View Global Inc and Qmmm Holdings Limited recorded notable increases. Stocks like Youhuo Sunshine and Qmmm Holdings Limited also showed high activity levels with turnover rates of 5.25%, 4.00%, and 3.74%, respectively. The stocks with the most significant price swings included Youhuo Sunshine, Qmmm Holdings Limited, and Zhongwang Online.

Baosheng specializes in internet performance marketing, short videos, proprietary big data platform systems, and AI technology. The company offers comprehensive and customized marketing solutions to its partners. Baosheng collaborates with leading Chinese internet companies such as Tencent, Alibaba, ByteDance, and Kuaishou, providing channel marketing services, technology, and applications. The company is committed to enhancing its presence along these industry chains, advancing new technology development, exploring innovative marketing models, and building an ecosystem industry matrix.

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.