EDTK Stock Surges 5% Amid Volatile Trading in Education Sector

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Dec 03, 2024

Wangdao Technology (EDTK, Financial) saw its stock price rise by 5%, reaching $1.05 per share with a trading volume of 35,196 shares. The stock's turnover rate was 0.22% with a price fluctuation of 7%. Recent financial reports indicate the company generated $2 million in revenue but faced a net loss of $4.72 million, resulting in an earnings per share of -$0.31 and a gross profit of $116,445. The price-to-earnings ratio stands at -3.39, and no institutional ratings are currently available.

In the broader education services industry, which declined by 0.56%, notable gainers included Ambow Education, Mynd Ai Inc, and Genius Group Limited. Genius Group Limited, Chegg, Inc., and Universal Technical Institute showed significant activity with turnover rates of 27.95%, 3.26%, and 2.74%, respectively. Stocks with high volatility included Ambow Education, Genius Group Limited, and Four Seasons Education, with amplitudes of 22.26%, 16.82%, and 14.83%.

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.