Cheche Technology (CCG, Financial), a player in the insurance technology sector, experienced a significant stock price drop of 5.22%. The stock is currently priced at $0.872 per share with a trading volume of 207,877 shares and a turnover rate of 0.27%, showing a volatility of 7.93%.
Recent financial reports indicate that Cheche Technology achieved a revenue of $119 million and a net profit of $565,173.91, resulting in earnings per share (EPS) of $0.01. The company reported a gross profit of $5.92 million and holds a price-to-earnings (P/E) ratio of 1.47. In terms of institutional ratings, the sole participating broker has issued a buy recommendation, with no hold or sell suggestions.
Within the internet information services industry, where Cheche Technology operates, the overall sector saw a decline of 0.32%. Notable performers in the sector include Vivid Seats Inc C/Wts 18/10/2026 (To Pur Com), Giftify, Inc., and Taboola Com Ltd C/Wts (To Pur Com), which recorded significant gains. Upexi, Inc., TuanChe Limited, and Locafy Limited were notably active, with turnover rates of 14.12%, 5.80%, and 3.37%, respectively. Stocks with high volatility included Cheche Group Inc C/Wts 01/10/2030 (To Pur Com), Moneyhero Ltd C/Wts 13/09/2028 (To Pur Com), and Buzzfeed Inc C/Wts 03/12/2026 (To Pur Com), with fluctuations of 70.27%, 52.66%, and 35.98% respectively.
Cheche Technology Group Co., Ltd. is an insurance tech company in China, focusing on digital car insurance transactions and services. It aims to enhance operational efficiency, reduce transaction costs, and expand distribution channels through its digital platform. The company's offerings include digital insurance transactions, an insurance intermediary SaaS platform, AI-driven insurance pricing and underwriting services, insurance services for new energy vehicle manufacturers, and green insurance innovations.
