Geely Automobile Holdings’s Stock Price Soars to 8.60 HKD, Enjoying a Robust Increase of +4.75%

Geely Automobile Holdings (175)

8.60 HKD +0.39 (+4.75%) Volume: 108.77M

Geely Automobile Holdings’s stock price is currently performing at 8.60 HKD, marking a notable increase of +4.75% this trading session with a robust trading volume of 108.77M. The stock has also seen a modest year-to-date percentage change of +0.21%, indicating steady growth.

Latest developments on Geely Automobile Holdings

Geely Auto stock price movements today are influenced by several key events. The company recently announced the launch of its new all-electric Galaxy E5 SUV, set to enter the global market. However, automakers, including Geely, are pushing back against the European Union’s plan for tariffs, impacting market sentiment. Investment firm Jefferies has raised Geely Auto‘s target price to $12.7, citing an expected earnings recovery. On the other hand, HTSC has lowered the target price to $12.99 due to Geely’s accelerating export expansion in the second half of 2024.

A look at Geely Automobile Holdings Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Geely Auto‘s long-term outlook appears promising based on the Smartkarma Smart Scores. With a strong score of 5 for Growth and 4 for Resilience, the company is well-positioned to expand and navigate challenges in the market. This indicates that Geely Auto is likely to see continued growth in the future, supported by its ability to withstand economic downturns.

While Geely Auto scores lower in Value and Dividend at 3 and 2 respectively, the company’s overall momentum is decent with a score of 3. This suggests that while there may be room for improvement in certain areas, Geely Auto‘s strong performance in growth and resilience bodes well for its long-term success in the passenger vehicles manufacturing industry.

Summary: Geely Automobile Holdings Limited operates as a passenger vehicles manufacturing company, providing development, manufacturing, sales, and export services for passenger vehicles.

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