51Talk (COE) Stock Surges Over 6% Amid Market Volatility

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Dec 02, 2024
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51Talk (COE, Financial) experienced a significant stock price increase of 6.39%, trading at $13.83 per share with a volume of 2,428 shares. The stock's turnover rate was 0.04%, with a price fluctuation of 4.33%. Recent financial reports reveal that 51Talk achieved a revenue of $10.96 million, a net loss of $1.25 million, and an earnings per share of -$0.22. The gross profit stood at $8.56 million, with a price-to-earnings ratio of -7.53.

Currently, there are no institutional ratings for 51Talk regarding buy, hold, or sell recommendations. Within the education services sector, the overall growth was 1.07%. Notable performers included Chegg, Inc., Udemy, Inc., and Bright Scholar, with Genius Group Limited, Chegg, Inc., and Lixiang Education showing high activity levels.

51Talk is a leading online education platform in China, focusing on English language education, aiming to make quality education accessible and affordable.

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.