QH Stock (QH) Plummets 5.30% Amid Market Turbulence

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Nov 15, 2024

The stock of Quhuo Limited (QH, Financial) experienced a significant decline, dropping 5.30% in its price. The share price fell to $1.25 with a trading volume of 52,869 shares, reflecting a turnover rate of 0.06% and a volatility of 7.58%.

Financial reports reveal that Quhuo recently recorded revenue of $225 million, but faced a net loss of $7.28 million, translating to an earnings per share (EPS) of -$0.87. The company's gross profit was $3.43 million with a negative price-to-earnings (P/E) ratio of -2.31. Currently, no institutions have issued a buy, hold, or sell recommendation for Quhuo stock.

Within the broader software services sector, the market has seen a general decline of 2.50%. Despite this, some related stocks, such as Simpple Ltd., Nerdy Inc., and Aeye Inc, showed substantial gains. Notably active stocks included Simpple Ltd., Nukkleus Inc., and Jet.AI, with turnover rates of 984.23%, 25.27%, and 11.26% respectively. Stocks like Simpple Ltd., Nukkleus Inc, and Swvl Holdings Corp observed high volatility, registering 80.41%, 54.17%, and 53.90%, respectively.

Quhuo Limited operates as a gig economy platform in China, providing end-to-end operational solutions supported by technology for consumer service enterprises in sectors such as food delivery, ride-sharing, housekeeping, and bike-sharing. The company's revenue primarily stems from service fees charged to industry clients and, to a lesser extent, from rental income under car leasing agreements related to ride-sharing solutions. All of its revenue is generated in China, with its on-demand delivery solutions contributing the most to its income.

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.