Xiaomi (1810)
16.84 HKD +0.52 (+3.19%) Volume: 93.62M
Xiaomi’s stock price sees a robust growth, trading at 16.84 HKD with a rise of +3.19% this session and a significant YTD increase of +7.95%. The high trading volume of 93.62M indicates strong investor interest in Xiaomi (1810), reinforcing its positive stock market performance.
Latest developments on Xiaomi
Xiaomi Corp has been making significant moves in the electric vehicle market, with the recent acquisition of a $116 million site in Beijing to expand their production capabilities. The company is aiming for a major expansion in the EV sector, as evidenced by their application for ‘SU7 Ultra’-related trademarks, signaling plans to launch a new model in the first half of 2025. These strategic investments and developments have likely influenced the movement of Xiaomi Corp‘s stock price today as investors react to the company’s ambitious growth plans in the electric vehicle industry.
Xiaomi on Smartkarma
Analysts on Smartkarma are bullish on Xiaomi Corp, with multiple reports highlighting the company’s strong performance in the smartphone market. Ming Lu’s report shows that Xiaomi’s global market share increased to 15% in 2Q24 from 13% in the previous year, with the company being the only clear gainer of market share among the global top five. Additionally, Xiaomi’s shipments increased by 29% year-on-year in 2Q24, indicating high growth and market share. The report suggests a potential upside of 35% for Xiaomi’s stock by the end of 2024.
Devi Subhakesan‘s analysis focuses on Xiaomi’s comeback in the Indian smartphone market, where the company reclaimed the top spot in Q2 2024 after a 6-quarter hiatus. Xiaomi’s strong performance in India contrasts with Samsung falling to third place, showcasing Xiaomi’s resurgence in the market. The upcoming festive quarter is deemed crucial for Xiaomi’s sales, with customers anticipating new launches and better bargains. Overall, the analyst sentiment on Xiaomi Corp remains positive, with the company’s growth trajectory and market dominance being key factors driving investor confidence.
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
According to Smartkarma Smart Scores, Xiaomi Corp has a positive long-term outlook. With high scores in resilience and momentum, the company is positioned well to weather challenges and maintain its growth trajectory. Additionally, Xiaomi scores well in terms of value, indicating that it may be undervalued compared to its peers. However, its low score in dividends suggests that investors may not see significant returns in the form of dividends.
Xiaomi Corporation, a manufacturer of communication equipment and parts, has a strong presence in the global market for mobile phones, smart phone software, set-top boxes, and related accessories. With a focus on innovation and adaptability, Xiaomi has positioned itself as a resilient player in the industry. Its high momentum score indicates that the company is experiencing positive growth trends that may continue in the long term, making it an attractive option for investors looking for growth opportunities.
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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