Shares of the Tuniu Corporation (TOUR) stock was green in the current market trading session today on January 25, 2022. TOUR stock price saw a push of 1.01% to reach $1.20 a share at the time of this writing. The trading volume on the last check was 296,449, lower than the average trading volume.
Tuniu Corporation is operating as an online leisure travel company in the People’s Republic of China. The company offers many packaged tours including organized and self-guided tours along with other travel-related services. TOUR stock has a market cap of $146.9 million and a 544,070 average trading volume.
What’s Happening with TOUR stock?
There is no press release or any announcement by the company associated with the rise in the per-share price of this stock. No analyst has upgraded or increased the per-share target price of TOUR stock in recent times. It seems that the stock is rising due to some external factors. The sentiment in the social media platforms is positive, pushing this stock in the upward direction. So, what do you need to know now at this moment? Let’s discuss some recent events of this stock.
Senior Management Share Purchase Plan:
Tuniu announced on December 27, 2021, that certain management members and employees of the company wish to purchase Tuniu’s American Depository Shares (ADS). The management members include Mr. Donald Dunde Yu, founder, and CEO of the company, Mr. Wei Zhang, Vice president, and Mr. Anqiang Chen, financial controller. These members and certain employees will use personal funds to purchase ADS up to a maximum of US$2 million within the next six months.
Financial View of TOUR stock:
In the third quarter of 2021, the company reported a revenue of RMB114.6 million. This represents a decrease of 7.2% year-over-year from the same period of 2020. Tuniu reported RMB74.9 million cost of revenues in the third quarter of 2021, a 28.1% high from the same period of 2020. Gross profit declined by 38.9% to drop at RMB39.7 million. The net loss of the TOUR stock was RMB36.6 million in the last reported quarter, as compared to RMB62.1 million in the same period of the previous year.
The operating expenses of the company totaled RMB96.4 million in the third quarter of 2021. These include RMB15.6 million R&D expenses, RMB41.7 million-selling, and marketing expenses, and RMB41.2 million G&A expenses. By the end of the third quarter of 2021, the company had RMB1.0 billion in cash, cash equivalents, and short-term investments.
