Tuniu Corporation (NASDAQ:TOUR) negotiated the trading capacity of 370729 shares in last session and observing the average volume of last three months the stock traded 230.71K shares. The Stock has market cap of $799.42M and relative volume of 1.62. The stock dispatched -10.61% performance during the quarter and performance arrived at -26.10% over the last six months. In the last month, the price performed 15.75%. Shares are now at -15.42% over the past year and year to date performance pointed at -9.91%. Contracting the focus on performance, delivered a move of 1.32% over the last week.
Tuniu Corporation (NASDAQ:TOUR), a leading online leisure travel company in China, today announced its unaudited financial results for the first quarter ended March 31, 2018.
Highlights for the First Quarter of 2018
Revenues from package tours in the first quarter of 2018 increased by 13.1% year-over-year to RMB402.7 million (US$64.2 million).
Operating expenses in the first quarter of 2018 decreased by 31.4% year-over-year to RMB383.8 million (US$61.2 million).
Non-GAAP net loss was RMB23.8 million (US$3.8 million) in the first quarter of 2018, compared to a Non-GAAP net loss of RMB226.2 million in the first quarter of 2017.
As of April 30, 2018, Tuniu added 51 new offline retail stores during the year.
As of April 30, 2018, Tuniu had 21 local tour operators in total, including 7 newly launched local tour operators in China during April.
Mr. Donald Dunde Yu, Tuniu’s co-founder, Chairman and Chief Executive Officer, said, “As the leading online leisure travel company in China, we have developed a comprehensive sales network that allows us to efficiently acquire customers through various channels at different departure cities. With a solid foundation established through our sales network, our next step is to replicate the expansion model to our service network at destinations. As China’s consumption power continues its upward trend, Chinese travelers are demanding better services and experiences. We believe that many of these demands are still unmet and there continues to be an opportunity for Tuniu to provide products and services consistent with current demands through its service network.”
Ms. Maria Yi Xin, Tuniu’s Chief Financial Officer, said, “During the first quarter, we were able to continue reducing our net loss. The development of our sales network served a vital role in the reduction of our sales and marketing expenses. Tuniu’s new retail model continues to gain traction as customers acquired through our offline retail stores contributed more than 10% of our packaged tour GMV for the first time during this quarter. With our blended user acquisition cost declining from the expansion of our sales network, and bargaining power increasing from the development of our service network, Tuniu’s operational efficiency will continue to scale in the future.”
The stock has a beta of 1.63 compared to a beta of 1 for the market, which implies that the stock’s price movements are more extreme than the market as a whole. The stock therefore has above average level of market risk. During the past week, the stock’s average weekly volatility was 5.25% and 5.04% volatility over the past 30 days.
Wall Street Analysts suggested rating of 2.3. This rating is on a scale of 1 to 5. A rating of a 1 or a 2 would signify a mean Buy view. A rating of 4 or 5 would specify a mean Sell opinion. A rating of 3 would show a mean Hold recommendation. Captivating a peek at sell-side analyst insights, we can understand that the recent mean target price for the company is $9.41.
Category – Business
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