Baijiayun (RTC) Stock Drops Amid Financial Challenges

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Dec 06, 2024

Baijiayun (RTC, Financial) shares recently fell by 5.03%, trading at $8.79 with a volume of 17,421 shares and a turnover rate of 0.08%. The company's latest financial report showed revenue of $59.79 million and a net loss of $81.85 million, resulting in an earnings per share of -$4.25 and a gross profit of $12.99 million. The price-to-earnings ratio stands at -2.09. Currently, no institutional ratings are available for Baijiayun. In the software services industry, where Baijiayun operates, the overall growth is 0.67%.

Baijiayun specializes in video cloud technology services, offering solutions for sectors like automotive, finance, education, and healthcare, aiming to drive digital transformation through audio and video technology.

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