Thoughts Unlimited (SJ) Experiences 5% Stock Dip Amidst Industry Decline

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Oct 14, 2024

Thoughts Unlimited (SJ, Financial) saw its stock drop by 5% recently, reaching a price of $0.930 per share with a trading volume of 6,170 shares and a turnover rate of 0.01%. The stock's amplitude was recorded at 4.09%.

Based on the latest financial reports, Thoughts Unlimited achieved a revenue of $51.58 million, net profit of $4.86 million, and earnings per share of $0.12. The gross profit stood at $8.91 million, with a price-to-earnings ratio of -3.84. Currently, no institutional ratings suggest buying, holding, or selling the stock.

In the broadcast media industry, which saw an overall decline of 0.92%, some stocks showed notable activity. Urban One, Inc., Gray Television-A, and Iheartmedia, Inc. recorded significant gains. Stocks like Fubotv Inc., Curiositystream Inc., and Sinclair Broadcast Group displayed higher turnover rates of 1.34%, 0.44%, and 0.35%, respectively. Urban One, Inc. and Mediaco Holding Inc. were among those with the highest amplitude changes at 7.94% and 7.76%.

Thoughts Unlimited is a Chinese live video entertainment and social platform that operates a mobile live broadcasting service. It offers live entertainment through professional broadcasters to end-users, creating a live social video community. Their online brands include Showself, Lehai, and Haixiu, with dedicated websites and mobile applications. Users can interact with broadcasters, comment, engage in private chats, and use virtual currency to play games in video rooms while watching live broadcasts.

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.