Xiaomi’s Stock Price Soars to 17.32 HKD, Experiencing a Robust 4.34% Increase

Xiaomi (1810)

17.32 HKD +0.72 (+4.34%) Volume: 211.16M

Xiaomi’s stock price is currently at 17.32 HKD, showing a positive trading session with a +4.34% increase, backed by a robust trading volume of 211.16M. The tech giant further underscores its growth potential with a year-to-date percentage change of +11.03%, highlighting its compelling investment appeal.

Latest developments on Xiaomi

Stock prices for Xiaomi Corp are on the move today following an impressive surge in orders for their SU7 EV, reaching 75,723 since its March launch. Xiaomi’s budget EV has made waves in the market, securing more than 70,000 orders. The company’s CEO announced that 5,781 SU7s were delivered in just 28 days, and the firm is targeting over 10,000 deliveries in June. Xiaomi expects annual car delivery to reach 100,000, with the EV business primarily focused on China. This positive forecast has boosted investor confidence ahead of Xiaomi’s 2024 investor day.

Xiaomi on Smartkarma

Analysts on Smartkarma have been closely following Xiaomi Corp, with a mix of bullish and bearish sentiments. Ming Lu‘s reports highlight Xiaomi’s growth in shipments and revenue, despite a shrinking market. In contrast, Travis Lundy’s analysis suggests that there has been more net selling of Xiaomi Corp stocks, especially in the tech sector. Trung Nguyen’s research on Xiaomi’s FY 2023 results paints a positive picture, with improved profitability and a healthy balance sheet. Overall, analysts are keeping a close eye on Xiaomi’s performance in the competitive market.

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

Based on the Smartkarma Smart Scores, Xiaomi Corp has a mixed long-term outlook. While the company scores well in resilience and momentum, indicating its ability to withstand market challenges and maintain positive growth trends, it falls short in terms of dividend and value. This suggests that investors may need to carefully consider the company’s growth potential and financial stability before making investment decisions.

Xiaomi Corporation, a manufacturer of communication equipment and parts, has received varying scores across different factors according to Smartkarma. With a strong emphasis on growth and resilience, the company shows promise in terms of long-term sustainability and market performance. However, the lower scores in value and dividend highlight potential concerns for investors looking for stable returns and undervalued assets in their portfolios.

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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