Xiaomi’s Stock Price Drops to 28.00 HKD, Sliding by 1.06% in a Challenging Market Performance

Xiaomi (1810)

28.00 HKD -0.30 (-1.06%) Volume: 105.35M

Xiaomi’s stock price is currently trading at 28.00 HKD, experiencing a slight dip of 1.06% this trading session but showing a strong YTD increase of 78.21%, with a high trading volume of 105.35M, reflecting the robust performance and investor confidence in the growth potential of Xiaomi (1810).

Latest developments on Xiaomi

Xiaomi Corp continues to make waves in the market as it raises its electric vehicle delivery goal once again due to surging demand. The company’s Q3 2024 earnings call highlighted robust revenue growth and strategic expansion, with its budding EV business showing significant growth. Xiaomi exceeded Q3 estimates, thanks to its thriving electric vehicle segment, which has been a major contributor to its revenue and profits. The company’s CEO announced that deliveries of the SU7 electric car have surpassed 100,000 units, with a target of reaching 130,000 units by the end of the year. This news has led to a surge in Xiaomi Corp stock price, reflecting investor confidence in the company’s EV business and overall performance.

Xiaomi on Smartkarma

Analysts on Smartkarma have been closely covering Xiaomi Corp, providing valuable insights for investors. Leonard Law, CFA, in his Morning Views publication, expressed a bullish sentiment on Xiaomi Corp, highlighting key developments and market indicators. On the other hand, the Tech Supply Chain Tracker report, with a bearish lean, raised concerns about overheating issues affecting Nvidia and the impact of Trump’s tariffs on Chinese EV makers, including Xiaomi. Eric Wen’s analysis was more optimistic, praising Xiaomi’s revenue and margin growth potential, leading to a BUY rating and a target price increase to HK$27.

With varying sentiments from analysts such as Law, Wen, and the Tech Supply Chain Tracker, investors can access a range of perspectives on Xiaomi Corp‘s performance and future prospects. From fundamental credit analysis to market commentary, Smartkarma provides a comprehensive platform for independent research on companies like Xiaomi. As Xiaomi continues to navigate challenges in the tech industry, these analyst reports offer valuable insights for investors looking to make informed decisions about their investments.

A look at Xiaomi 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

According to Smartkarma Smart Scores, Xiaomi Corp has a positive long-term outlook with high scores in resilience and momentum. With a resilience score of 5, the company is well-positioned to withstand market fluctuations and economic challenges. Additionally, a momentum score of 5 indicates strong market performance and investor interest in Xiaomi’s products and services. These factors suggest that Xiaomi Corp is likely to continue its growth and success in the future.

Xiaomi Corporation, a manufacturer of communication equipment and parts, has received mixed scores in other areas such as value and dividend. While the company scored a 3 in value and growth, indicating moderate performance in these areas, it received a low score of 1 in dividends. Despite this, Xiaomi’s overall outlook remains positive, especially with its strong performance in resilience and momentum. As Xiaomi continues to expand its global market presence, it is expected to remain a key player in the technology industry.

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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma