Top 5 Falling Chinese Tech Stocks

3. Quhuo Limited (NASDAQ:QH)               

Share price performance for the past 2 years: -99.3%

Number of Hedge Fund holders: N/A

Quhuo Limited (NASDAQ:QH), through its subsidiaries, runs a workforce operational solution platform in the People’s Republic of China. It provides tech-enabled and end-to-end operational solutions to on-demand consumer service businesses in industries, including food and grocery delivery, bike-sharing, ride-hailing, and housekeeping.

Since Quhuo Limited (NASDAQ:QH) didn’t generate profits over the past year, it’s improbable that a strong correlation will exist between its stock price and its earnings per share (EPS). Despite not being profitable, Quhuo Limited (NASDAQ:QH) managed to increase its revenue by 47% within the last year, a growth rate significantly higher than that of many other companies operating without profits. However, this growth didn’t prevent a 65% decline in the share price. This moved the needle of cumulative decline in share price over the past two years to a whopping 99.3%. Generally, growth stocks of this nature tend to exhibit volatility, with certain investors expressing concern about the company’s ongoing losses. This means, as divestments continue to increase, share price will undoubtedly continue to decrease.