Company Overview - 51Talk, also known as 51Talk Worry-Free English, is a prominent online education platform in China focusing on English education [2] - The company aims to make quality education accessible and affordable through its online and mobile platforms, allowing students to engage in live interactive English lessons with foreign teachers [2] Financial Performance - The latest financial report indicates that 51Talk generated revenue of 1.25 million [1] - Earnings per share were reported at -8.56 million [1] - The price-to-earnings ratio stands at -7.26, reflecting the company's current financial challenges [1] Stock Performance - Shares of 51Talk experienced a significant drop of 6.75%, with the stock priced at $13.06 at the latest report [1] - The trading volume was recorded at 7,017 shares, with a turnover rate of 0.12% and an amplitude of 6.68% [1] - Currently, there are no institutional ratings for 51Talk, such as buy, hold, or sell recommendations [1] Industry Context - The broader education services sector saw an overall decline of 0.67%, although some related stocks like Mynd Ai Inc., Legacy Education Inc., and Sunlands Online Education Group experienced substantial gains [2] - Active stocks in the sector include Ambow Education, Lixiang Education, and China Futong Education, with turnover rates of 172.60%, 3.73%, and 3.09% respectively [2] - Stocks with higher volatility in the sector include Mynd Ai Inc., Ambow Education, and Sunlands Online Education Group, with amplitudes of 22.92%, 20.65%, and 19.53% respectively [2]
51Talk (COE) Stock Experiences Sharp Decline