Shares of Kaixin Auto Holdings (KXIN, Financial) experienced a significant drop of 5.52%. The stock is currently priced at $1.37 per share with a trading volume of 204,472 shares and a turnover rate of 6.92%, showing a volatility of 8.96%.
Recent financial reports reveal that Kaixin Auto Holdings reported zero revenue, a net loss of $5.37 million, and an earnings per share of -$0.10. The gross profit stood at -$1.86 million, with a price-to-earnings ratio of -0.01. Currently, there are no institutional ratings recommending a buy, hold, or sell for the stock.
In the broader auto retail industry, which experienced an overall decline of 0.63%, other related stocks such as Suncar Technology Group Inc and Cango Inc showed significant gains. Stocks like Youpin Car and Kaixin Auto Holdings were noted for their activity levels, with turnover rates of 43.52% and 7.06%, respectively. Stocks with notable volatility included Jiuzi Holdings, Youpin Car, and Cheetah Net Supply Chain Service Inc.
Kaixin Auto Holdings is a platform for luxury used cars and imported new vehicles. The company is involved in the research, design, manufacturing, and sales of electric vehicles, while also advancing innovations in autonomous driving and artificial intelligence technologies. Its primary revenue streams include used car sales and fees from partnerships as a third-party automotive financing and value-added services provider.
