At 2:23 PM EST on September 27, 2024, shares of Mogu Inc. (MOGU, Financial) experienced significant volatility, surging by 7.50%. As of the latest update, MOGU shares are trading at $2.37 each with a trading volume of 846 shares and a turnover rate of 0.01%, exhibiting a price swing of 7.50%.
Recent financial reports indicate that Mogu Inc. generated $22.36 million in revenue. However, the company reported a net loss of $8.27 million, translating to a loss per share of $0.95. The gross profit stood at $9.38 million, with a price-to-earnings ratio of -2.85.
Currently, no institutional ratings are available for MOGU shares regarding buy, hold, or sell recommendations.
In the broader internet retail sector, the overall decline was 1.12%. Significant gainers in the sector included Baozun Inc., Ipower Inc., and Dada Nexus Ltd. Active traders in the sector were Jeffs' Brands Ltd, Knowing Group, and Baozun Inc., with turnover rates of 15.85%, 5.06%, and 3.03%, respectively. Stocks with notable price swings included Ipower Inc. (23.78%), Pinduoduo Mall (21.73%), and Zhenkunhang (16.77%).
Mogu Inc. is a Chinese online fashion and lifestyle platform, offering a variety of multimedia content including live video broadcasts, short videos, photography, and an online review community. The company's revenue primarily comes from China and includes services such as online marketing, commissions, financing, technology, and other related services for merchants and users, as well as technical services for brand owners.
