GSX Techedu Inc. (NYSE:GSX) stock observed trading 4.10% off 52-week high price. On the other end, the stock has been noted 87.57% away from low price over the last 52-weeks. The stock disclosed a move of 42.90% away from 50 day moving average and 43.77% away from 200 day moving average. Moving closer, we can see that shares have been trading 20.57% off 20-day moving average. It has market cap of $3742.88M.
On Aug.21, 2019, GSX Techedu Inc. (NYSE:GSX) a leading online K-12 large-class after-school tutoring service provider in China, revealed its unaudited financial results for the second quarter ended June 30, 2019.
Highlights for the Second Quarter Ended June 30, 2019[1]
- Net revenues increased 413.4% year-over-year to RMB353.7 million from RMB68.9 million in the same period of 2018.
- Gross billings increased 462.4% year-over-year to RMB599.4 million from RMB106.6 million in the same period of 2018.
- Gross profit margin increased to 71.4% from 61.4% in the same period of 2018.
- Non-GAAP gross profit margin increased to 72.6% from 61.5% in the same period of 2018.
- Income from operations increased to RMB16.2 million from loss from operations of RMB0.5 million in the same period of 2018.
- Non-GAAP income from operations increased to RMB31.1 million from RMB0.2 million in the same period of 2018.
- Total enrollments increased 250.3% to 592,000 from 169,000 in the same period of 2018.
- Highlights for the Six Months Ended June 30, 2019
- Net revenues increased 437.9% year-over-year to RMB622.8 million from RMB115.8 million in the same period of 2018.
- Gross billings increased 436.8% year-over-year to RMB899.5 million from RMB167.6 million in the same period of 2018.
- Gross profit margin [3] increased to 70.6% from 59.2% in the same period of 2018.
- Non-GAAP gross profit margin increased to 71.4% from 59.2% in the same period of 2018.
- Income from operations increased to RMB59.0 million from loss from operations of RMB4.7 million in the same period of 2018.
- Non-GAAP income from operations increased to RMB77.6 million from non-GAAP loss from operations of RMB3.8 million in the same period of 2018.
- Total enrollments increased 234.6% to 803,000 from 240,000 in the same period of 2018. The USA based company GSX Techedu Inc. moved with change of 9.22% to $16 with the total traded volume of 3560896 shares in recent session versus to an average volume of 1157.07K. The stock was observed in the 5 days activity at 19.40%. The one month performance of stock was 41.97%.for the quarter is now at 52.67% since this point in 2018. . The average volatility for the week and month was at 8.02% and 7.75% respectively. There are 233.93M shares outstanding and 137.29M shares are floated in market.
Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.
