Xiaomi’s Stock Price Rises to 28.15 HKD, Marking a Positive Shift of 0.54%

Xiaomi (1810)

28.15 HKD +0.15 (+0.54%) Volume: 102.04M

Xiaomi’s stock price stands at 28.15 HKD, marking a positive shift of +0.54% in today’s trading session with a volume of 102.04M. The company’s shares have seen a significant surge of +80.45% YTD, reflecting Xiaomi’s robust performance in the stock market.

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 CEO has confidently announced that SU7 deliveries have surpassed 100,000 units and are now aiming for 130,000 by the end of the year. This news comes on the heels of Xiaomi exceeding Q3 estimates, with its new electric vehicle business contributing significantly to revenue and profits. As a result, Xiaomi’s stock price has seen a positive movement, with analysts raising the price target to $24 from $16 at Barclays. The company’s strategic expansion and strong financial results have propelled its shares to surge, reflecting the growing success of Xiaomi’s budding EV business.

Xiaomi on Smartkarma

Analysts on Smartkarma have been closely covering Xiaomi Corp, with a mix of bullish and bearish sentiments. Leonard Law, CFA, in his Morning Views publication, commented on developments of Xiaomi Corp along with other high yield issuers. Meanwhile, Tech Supply Chain Tracker highlighted overheating issues in Nvidia’s Blackwell rack design, impacting shipments, and also discussed how Huawei and Xiaomi lead China’s AI smartphone market.

Eric Wen, another analyst, reported that Xiaomi beat revenue, EBIT, and net income expectations in the second quarter of CY24, with potential for margin growth in the second half of the year. On the other hand, in a separate report, Tech Supply Chain Tracker focused on the strategic moves made by companies like Xiaomi in the semiconductor industry to stay ahead in the competitive market, with a particular emphasis on efficiency and cost reduction in supply chains.

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

Looking at Xiaomi Corp‘s long-term outlook using the Smartkarma Smart Scores, the company seems to have a solid foundation in terms of resilience and momentum. With a resilience score of 5, Xiaomi is well-positioned to weather any potential challenges in the market. Additionally, a momentum score of 5 indicates that the company is experiencing strong positive momentum in its operations.

However, Xiaomi’s overall outlook is somewhat mixed when considering its value, dividend, and growth scores. While the company scores moderately in terms of value and growth with scores of 3, its dividend score is lower at 1. This suggests that investors may not see significant returns in terms of dividends from investing in Xiaomi Corp. Overall, Xiaomi Corporation remains a global player in the manufacturing of communication equipment and parts, with a focus on mobile phones, smart phone software, set-top boxes, and related accessories.

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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