Market Movers

Xiaomi’s Stock Price Dips to 18.42 HKD, Marking a 1.29% Decline: A Comprehensive Review on Market Performance

By September 5, 2024 No Comments

Xiaomi (1810)

18.42 HKD -0.24 (-1.29%) Volume: 79.84M

Xiaomi’s stock price stands at 18.42 HKD, witnessing a slight dip of -1.29% this trading session, yet showing a strong YTD increase of +20.26%. Despite the daily fluctuation, the high trading volume of 79.84M underlines the investor’s sustained interest in Xiaomi (1810), making it a noteworthy performer in the stock market.


Latest developments on Xiaomi

Xiaomi Corp‘s stock price saw movement today as the company faced scrutiny over license details in a spat with Panasonic. The tech giant’s foray into electric vehicle disruption has also contributed to a positive outlook for its stock. Investors are closely monitoring Xiaomi’s handling of these challenges and its potential impact on future growth. Stay tuned for more updates on Xiaomi Corp‘s stock performance.


Xiaomi on Smartkarma

Analysts on Smartkarma have been closely covering Xiaomi Corp, with a mix of bullish and bearish sentiments. Leonard Law, CFA, provided a morning view on Xiaomi Corp, along with Vedanta Resources, offering fundamental credit analysis and trade recommendations. On the bullish side, Eric Wen raised Xiaomi’s target price to HK$27, citing revenue and margin growth potential. Ming Lu also expressed positivity, noting a 32% revenue increase in 2Q24 and anticipating profits from Xiaomi’s electric vehicle ventures. However, Tech Supply Chain Tracker took a bearish stance, focusing on semiconductor industry dynamics and competition affecting companies like Xiaomi.

Devi Subhakesan’s Consumer Tales report highlighted Xiaomi’s strong performance in China and India’s smartphone markets, with a notable comeback in sales. The analysts’ research reports provide valuable insights into Xiaomi Corp‘s financial performance, market share gains, and strategic moves in various industries. Investors can leverage these independent analyses on Smartkarma to make informed decisions regarding their investment in Xiaomi Corp.


A look at Xiaomi Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth3
Resilience5
Momentum5
OVERALL SMART SCORE3.4

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

According to Smartkarma Smart Scores, Xiaomi Corp has a mixed long-term outlook. While the company scores well in terms of resilience and momentum, with scores of 5 in both categories, its value and growth scores are more moderate at 3 each. Additionally, Xiaomi Corp has a low score of 1 in the dividend category. This indicates that the company may have strong resilience and momentum in the market, but investors should consider the value and growth potential before making investment decisions.

Xiaomi Corporation, a manufacturer of communication equipment and parts, has a global presence in the mobile phone and smart phone software market. With a focus on innovation and technological advancements, Xiaomi offers a range of products including set-top boxes and related accessories. While the company shows strength in terms of resilience and momentum, its overall outlook is influenced by factors such as value, growth, and dividend yield. Investors may want to closely monitor these factors to make informed decisions about Xiaomi Corp‘s future performance.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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