Geely Automobile Holdings’s Stock Price Soars to 19.58 HKD, Marking a Remarkable 2.30% Increase

Geely Automobile Holdings (175)

19.58 HKD +0.44 (+2.30%) Volume: 110.18M

Geely Automobile Holdings’s stock price is currently standing strong at 19.58 HKD, marking a positive trading session with a 2.30% increase and a robust trading volume of 110.18M. With a notable YTD percentage change of +32.12%, Geely’s performance showcases a promising investment opportunity in the automotive sector.

Latest developments on Geely Automobile Holdings

Geely Auto‘s stock price saw movements today following the company’s announcement of more than tripled profits on record sales in Q1. The Chinese carmaker is expanding into the Polish market with the help of Jameel Motors, introducing two new energy vehicles. Geely’s attributable profit surged by 264%, hitting a new 52-week high. As the company’s reshuffle is underway, it continues to race with other Chinese carmakers in developing flying cars after a fierce rivalry in the EV market. With a strong start to the year and impressive sales figures, Geely Auto is making strategic moves to solidify its position in the global automotive industry.

Geely Automobile Holdings on Smartkarma

Analyst coverage of Geely Auto on Smartkarma provides a range of insights from different perspectives. David Blennerhassett‘s analysis suggests that Geely is trading at a 20% discount to NAV, showing a negative lean on the company. Ming Lu, on the other hand, is bullish on Geely, highlighting its potential to be a strong competitor to BYD in the future. Ming Lu also points out Geely’s impressive financial performance, with total revenue and sales volume increasing significantly in 2024, leading to a projected 50% upside.

Overall, the analyst coverage on Smartkarma paints a varied picture of Geely Auto, with some leaning towards a bearish outlook while others are more optimistic about the company’s growth potential. Investors looking for in-depth research and diverse viewpoints on Geely can find valuable information from analysts like David Blennerhassett and Ming Lu on Smartkarma’s independent investment research platform.

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 is positive, with high scores in growth and momentum according to Smartkarma Smart Scores. The company has a strong focus on expanding and increasing its market share, which bodes well for its future prospects. Additionally, Geely Auto has shown resilience in the face of challenges, indicating its ability to weather economic downturns and industry fluctuations.

While Geely Auto scores lower in value and dividend factors, its high scores in growth and momentum suggest a promising future for the company. With a strong emphasis on innovation and staying ahead of market trends, Geely Auto is positioned to continue its success in the passenger vehicles manufacturing industry. Overall, the company’s strategic approach to development, manufacturing, and sales sets it apart in the competitive market.

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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