Xiaomi’s Stock Price Soars to 17.96 HKD, Marking a Robust 1.47% Increase

Xiaomi (1810)

17.96 HKD +0.26 (+1.47%) Volume: 120.45M

Xiaomi’s stock price is currently standing at 17.96 HKD, experiencing a positive trading session with a rise of +1.47%, backed by a substantial trading volume of 120.45M. The stock showcases a robust Year-to-Date (YTD) performance, recording a promising +15.26% increase, reflecting Xiaomi’s strong market position and investor confidence.

Latest developments on Xiaomi

Xiaomi Corp has been making waves in the market recently, with significant events leading up to today’s stock price movements. The company shattered Q1 2024 records, doubling their profits and showcasing impressive growth. Additionally, Xiaomi Robot Company has officially made the move into the Xiaomi Auto Beijing Factory, indicating expansion and diversification within the company. Furthermore, Alibaba’s 618 Shopping Festival has boosted sales for big brands like Apple and Xiaomi, further solidifying Xiaomi’s position as a leading player in the market.

Xiaomi on Smartkarma

Analysts on Smartkarma, such as Eric Wen and Ming Lu, have provided bullish coverage on Xiaomi Corp, highlighting the company’s strong revenue and income results in Q1 driven by increased traffic from SU7 interest. Wen’s report mentions that this augmentation is expected to sustain higher margins and growth in the long run, with potential demand for its next EVs. On the other hand, Ming Lu’s analysis points out that in 1Q24, Xiaomi achieved global No. 3 in smartphone shipments with a 27% YoY revenue growth rate. The gross margins of all major businesses also improved significantly during this period.

Moreover, Wen’s report also emphasizes Xiaomi’s Investor Day surprises, including guiding a SU7 gross margin of 5-10% and delivery guidance of 100k units in 2024. This prompted a reevaluation of Xiaomi’s potential, with expectations of expanded market share as it ventures into SUVs. Ming Lu’s coverage in the China Consumption Weekly highlights Xiaomi’s rapid shipment growth in 1Q24, despite a shrinking market. Overall, the analyst sentiment on Xiaomi Corp remains positive, with a focus on its financial performance and strategic moves in the competitive tech landscape.

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 Smartkarma Smart Scores, Xiaomi Corp has a promising long-term outlook with high scores in Resilience and Momentum. The company has shown strong resilience in the face of challenges and has maintained positive momentum in its operations. With a focus on innovation and adaptability, Xiaomi is well-positioned to continue its growth trajectory.

While Xiaomi Corp scores lower in Dividend and Growth, its high Value score reflects the company’s solid fundamentals and attractive valuation. As a manufacturer of communication equipment and mobile devices, Xiaomi has a global presence and a diverse product portfolio. Investors may find Xiaomi an appealing investment option based on its overall Smart Scores and market positioning.

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.
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