Xiaomi’s stock price takes a hit, dropping to 51.85 HKD with a 3.89% decrease

Xiaomi (1810)

51.85 HKD -2.10 (-3.89%) Volume: 308.77M

Xiaomi’s stock price currently stands at 51.85 HKD, experiencing a dip of -3.89% this trading session with a high trading volume of 308.77M. Despite this recent decline, the tech giant’s stock has seen an impressive year-to-date surge of +49.86%, reflecting a strong market performance.

Latest developments on Xiaomi

China’s Xiaomi Corp. has made significant moves in the market today, raising a staggering $5.5 billion in an upsized share sale in Hong Kong as part of its ambitious plans to ramp up its electric vehicle (EV) initiatives. The company’s jumbo share sale, seeking up to $5.3 billion, reflects Xiaomi’s strategic focus on expanding into the auto industry, with plans to secure $5.27 billion from the share sale to fuel its EV ambitions. This news comes amidst a resurgence in Hong Kong deals, with Xiaomi and BYD collectively raising $11 billion in share sales. Despite this positive momentum, Chinese tech stocks are facing a potential correction due to sharp sentiment reversals in the market. Xiaomi’s aggressive fundraising efforts signal its commitment to growth and innovation, as it positions itself for a future in the rapidly evolving EV sector.

Xiaomi on Smartkarma

Analysts on Smartkarma are closely covering Xiaomi Corp, with varying sentiments on the company’s performance. Brian Freitas, a bearish analyst, highlighted Xiaomi’s US$5bn placement, pointing out unfavourable index dynamics but strong momentum. On the other hand, Sumeet Singh and Gaudenz Schneider, both bullish on Xiaomi, discussed the company’s strong momentum and earnings beat, with Schneider emphasizing volatility retreat and straddle success post-earnings. Trung Nguyen also provided a positive outlook, praising Xiaomi’s excellent FY 2024 results, particularly in revenue, profitability, and market share gains. Ming Lu, however, expressed a bearish view, noting that while Xiaomi’s 4Q24 performance exceeded expectations, the market may be overvaluing its electric vehicle business.

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 the Smartkarma Smart Scores, Xiaomi Corp has a mixed outlook for the future. While the company scores high in growth, resilience, and momentum, its value and dividend scores are lower. This indicates that Xiaomi may have strong potential for growth and the ability to withstand market challenges, but investors looking for value or dividend income may need to consider other options.

Xiaomi Corporation, a manufacturer of communication equipment and mobile devices, has received positive ratings in growth, resilience, and momentum from Smartkarma Smart Scores. This suggests that the company is well-positioned for future expansion and has shown strong performance in the market. However, its lower scores in value and dividend may be a point of consideration for investors looking for stability and income from their investments.

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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

Before it’s here, it’s on Smartkarma