Xiaomi (1810)
16.84 HKD +0.48 (+2.93%) Volume: 73.45M
Xiaomi’s stock price is currently at 16.84 HKD, marking a positive trading session with a rise of +2.93%, with a robust trading volume of 73.45M. This performance contributes to the overall year-to-date (YTD) percentage change of +7.95%, reinforcing Xiaomi’s strong position in the market.
Latest developments on Xiaomi
Xiaomi Corp, the tech giant known for its smartphones and other electronic devices, has made a significant move in the electric vehicle (EV) market by acquiring a $116 million site in Beijing to expand its EV production capabilities. This strategic investment comes as part of Xiaomi’s ambitious plans to quickly ramp up its EV production and aims to reach a target of 100,000 units in the near future. This development has sparked investor interest, leading to fluctuations in Xiaomi Corp‘s stock price as market analysts closely monitor the company’s expansion into the competitive EV sector.
Xiaomi on Smartkarma
Analysts on Smartkarma have been closely following Xiaomi Corp, a leading player in the smartphone market. According to Ming Lu’s research report, Xiaomi’s global market share increased to 15% in the second quarter of 2024, showing a positive trend from the previous year. Additionally, Xiaomi’s shipments saw a significant 29% year-on-year growth in the same period, making it the clear gainer in market share among the global top five competitors. The report also suggests a bullish sentiment on Xiaomi’s stock, with a projected upside of 35% by the end of 2024.
Devi Subhakesan‘s analysis highlights Xiaomi’s strong comeback in the Indian smartphone market, reclaiming the top spot after facing challenges for six quarters. Xiaomi Corp‘s shipments to India surged in the second quarter of 2024, while Samsung slipped to third place. The upcoming festive season is seen as crucial for sales growth, with customers eagerly anticipating new launches and better deals. The report also mentions that 5G device upgrades continue to drive growth for Xiaomi in 2024, showcasing a positive outlook for the company’s performance in the near future.
A look at Xiaomi Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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
Based on the Smartkarma Smart Scores, Xiaomi Corp has a positive long-term outlook. The company scores well in resilience and momentum, indicating a strong ability to withstand market challenges and maintain positive growth momentum. Additionally, Xiaomi Corp scores high in value, suggesting that it is currently undervalued in the market. However, the company’s low score in dividends may not be attractive to income-seeking investors. Overall, Xiaomi Corp‘s growth score is moderate, reflecting a steady but not exceptional growth trajectory.
Xiaomi Corporation, a manufacturer of communication equipment and parts, has a global presence in the mobile phone and smart phone software market. With a strong emphasis on resilience and momentum, the company shows promise for long-term success. While its value score is high, indicating potential for undervaluation, the low dividend score may deter some investors. Xiaomi Corp‘s moderate growth score suggests steady growth in the future, making it a company to watch in the tech 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.
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