Geely Automobile Holdings’s Stock Price Plunges to 16.68 HKD, Suffering a 5.55% Decline: An In-depth Look at Performance

Geely Automobile Holdings (175)

16.68 HKD -0.98 (-5.55%) Volume: 116.34M

Geely Automobile Holdings’s stock price stands at 16.68 HKD, experiencing a drop of -5.55% this trading session with a robust trading volume of 116.34M, yet showcasing a positive Year-To-Date (YTD) change of +12.55%, highlighting the stock’s resilience and potential for growth.

Latest developments on Geely Automobile Holdings

Geely Auto has been making significant moves in the global market recently, with the launch of its Coolray SUV in Vietnam and the appointment of CEVA Logistics to bring electric cars to Australia. In addition, the company has strengthened its governance structure by appointing a new independent director. Deutsche Bank has also raised Geely Auto‘s target price to $21, anticipating record high earnings in the first quarter of 2025. With Geely entering the Vietnamese market and announcing positive financial results, investors are optimistic about the future stock price movements of the company.

Geely Automobile Holdings on Smartkarma

Analysts on Smartkarma, such as Ming Lu, have been closely following Geely Auto‘s performance. Ming Lu‘s research reports indicate positive sentiments towards Geely Auto, with insights like “Geely Auto (175 HK): 2024 Result Accelerating, 50% Upside” and “Geely (175 HK): Deliveries Up by 32% in 2024 – BEV Supporting 2H24”. These reports highlight Geely’s strong revenue growth, sales volume increases, and promising future outlook, with recommendations to buy the stock.

Additionally, analyst Ming Lu‘s report titled “Geely (175 HK): Turning from PHEV to BEV” sheds light on Geely’s transition towards electric vehicles, with significant growth in BEV deliveries. The reports also mention Geely’s competitive positioning in the market and its financial ratios compared to competitors. Overall, the analyst coverage on Smartkarma provides valuable insights for investors looking to understand and potentially invest in Geely Auto.

A look at Geely Automobile Holdings 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

Geely Auto‘s long-term outlook appears promising, with high scores in Growth and Momentum according to Smartkarma Smart Scores. This indicates that the company is expected to experience strong growth and positive market momentum in the future. Additionally, Geely Auto has a solid Resilience score, suggesting that it has the ability to withstand economic challenges and market fluctuations. While the Value and Dividend scores are not as high, the overall outlook for Geely Auto remains positive based on these key factors.

Geely Automobile Holdings Limited, a passenger vehicles manufacturing company, has received favorable ratings in Growth and Momentum from Smartkarma Smart Scores. This indicates that the company is expected to continue expanding and maintaining strong market performance. With a solid Resilience score, Geely Auto is well-positioned to navigate through uncertainties and challenges in the industry. Although the Value and Dividend scores are not as high, the overall outlook for Geely Auto remains optimistic based on these key metrics.

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