Xiaomi’s Stock Price Drops to 28.30 HKD, Experiences 1.74% Decline in Latest Market Performance

Xiaomi (1810)

28.30 HKD -0.50 (-1.74%) Volume: 196.14M

Xiaomi’s stock price is currently at 28.30 HKD, experiencing a slight dip of -1.74% in this trading session with a trading volume of 196.14M. Despite the recent fluctuation, Xiaomi (1810) showcases a robust YTD growth of +78.85%, demonstrating its strong market performance and investment potential.

Latest developments on Xiaomi

Xiaomi Corp. has been making waves in the electric vehicle market, raising its delivery goals multiple times due to surging demand. The company’s strong Q3 2024 financial results highlighted the impact of its new electric vehicle offerings on revenue and profits. With sales of the SU7 surpassing 100,000 units, Xiaomi aims to deliver 130,000 electric vehicles by the end of the year, outdoing expectations and beating estimates. As a result, Xiaomi’s stock price surged today, reflecting investor confidence in the company’s growing presence in the EV sector.

Xiaomi on Smartkarma

Analysts on Smartkarma have provided mixed coverage on Xiaomi Corp. Tech Supply Chain Tracker reported on Nvidia facing delays due to overheating issues, AMD dominating the server market, and the impact of Trump’s tariffs on Chinese EV makers, with a bearish sentiment. On the other hand, Leonard Law, CFA shared bullish views on Xiaomi Corp, focusing on fundamental credit analysis and trade recommendations. Eric Wen highlighted Xiaomi’s beat in revenue, EBIT, and net income expectations in CY2Q24, with potential for margin growth, leading to a bullish sentiment.

Additionally, Ming Lu discussed Xiaomi’s 2Q24 performance, with a 32% increase in revenue and expectations for electric vehicle profits to follow, resulting in a buy recommendation. Overall, analysts on Smartkarma are closely monitoring Xiaomi Corp‘s developments and providing valuable insights for investors to make informed decisions.

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 the Smartkarma Smart Scores, Xiaomi Corp has a mixed long-term outlook. While the company scores well in terms of resilience and momentum, with a score of 5 for both factors, its value and dividend scores are lower. This indicates that Xiaomi may have strong growth potential and the ability to weather market fluctuations, but investors may need to carefully consider the company’s value and dividend offerings.

Xiaomi Corporation, a manufacturer of communication equipment and parts, has been rated with a 3 for value, 1 for dividend, 3 for growth, 5 for resilience, and 5 for momentum. This suggests that while Xiaomi has a solid foundation for growth and a strong ability to withstand challenges, investors may want to closely monitor the company’s value and dividend performance in the long term.

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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