Xiaomi’s Stock Price Plunges to 27.85 HKD, Suffers 3.63% Decline: Time to Sell or Buy More?

Xiaomi (1810)

27.85 HKD -1.05 (-3.63%) Volume: 131.85M

Xiaomi’s stock price stands at 27.85 HKD, experiencing a drop of -3.63% this trading session with a trading volume of 131.85M, yet showcasing a strong YTD performance with a surge of +81.09%, reflecting its robust market standing and potential for growth.

Latest developments on Xiaomi

Xiaomi Corp‘s stock price saw fluctuations today as CEO Lei Jun celebrated the milestone of the 100,000th EV being rolled out, a move that paid homage to Tesla’s Elon Musk. This event marked Xiaomi’s foray into the electric vehicle market, causing investors to closely monitor the company’s strategic shift. The announcement stirred speculations about potential collaborations and competition with Tesla, impacting the stock price as market sentiment shifted in response to this significant development in Xiaomi’s business expansion.

Xiaomi on Smartkarma

Analysts on Smartkarma have been closely monitoring Xiaomi Corp, with a mix of bullish and bearish sentiments. Leonard Law, CFA, in the report “Morning Views Asia: Vedanta Resources, Xiaomi Corp,” provided fundamental credit analysis and trade recommendations on high yield issuers, including Xiaomi Corp. On the other hand, the Tech Supply Chain Tracker highlighted strategic moves by companies like Xiaomi in the semiconductor industry, focusing on efficiency and cost reduction.

Eric Wen expressed a bullish sentiment in the report “[Xiaomi Inc. (1810 HK, BUY, TP HK$27) TP Change]: Surprising SU7 Gross Margin a Huge Positive,” praising Xiaomi’s revenue and margin growth potential. Ming Lu also shared a positive outlook in the report “Xiaomi (1810 HK): 2Q24, Revenue up by 32%, Electric Vehicle Profit to Follow, Buy,” emphasizing the growth in smartphone shipments and the potential profit from the electric vehicle business. Overall, analysts on Smartkarma are closely following Xiaomi Corp‘s performance and market trends.

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 positive long-term outlook. With high scores in resilience and momentum, the company is showing strength and stability in the face of challenges, as well as strong growth potential. While the value and dividend scores are not as high, the growth score indicates promising opportunities for expansion and development in the future. Overall, Xiaomi Corp seems well-positioned for continued success in the market.

Xiaomi Corporation, a manufacturer of communication equipment and parts, has received favorable ratings on its overall outlook based on Smartkarma Smart Scores. With a focus on mobile phones, smart phone software, set-top boxes, and related accessories, Xiaomi has a global presence in the market. The company’s high scores in resilience and momentum suggest a strong foundation and positive trajectory for future growth and success in the industry.

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