|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||6.42 - 6.47|
|52-week range||5.39 - 7.86|
|Beta (5Y monthly)||0.71|
|PE ratio (TTM)||8.84|
|Forward dividend & yield||0.02 (0.24%)|
|Ex-dividend date||02 Nov 2023|
|1y target est||N/A|
Tech investor Prosus NV said on Wednesday it was valuing Indian education firm Byju's at under $3 billion, 86% less than its peak valuation of $22 billion last year, after the company struggled with governance and cash-flow problems. The disclosure, made by interim CEO Ervin Tu during Prosus earnings call, is the latest cut to Byju's valuation after several executives and board members quit and it delayed filing its 2021/22 financial results by a year. Over the past year, shareholders including Prosus and Blackrock have successively cut Byju's valuation to $11 billion in March, $8 billion in May and $5 billion in June.
AMSTERDAM (Reuters) -Prosus NV, a large technology investor, said on Wednesday its core headline earnings increased 118% in the first half of 2024, citing improved profitability in its stable of e-commerce investments. "After years of investment and growth, our businesses are now at scale and demonstrate improving profitability," the company said in a statement, saying it now expects these investments to reach profitability in its current financial year, six months earlier than expected. Core headline earnings for the half year ended on Sept. 30 were $2.0 billion, from $1.1 billion in the same period a year earlier, in line with a Nov. 20 trading statement.
Does Prosus N.V. Sponsored ADR (PROSY) have what it takes to be a top stock pick for momentum investors? Let's find out.