The stock price of Chijet Motor Company Inc (NASDAQ: CJET) has surged by 27.59 when compared to previous closing price of 0.29, but the company has seen a -4.64% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-06-14 that on May 29, Chijet’s majority-owned subsidiary FAW Jilin Automobile Co., Ltd. (“FAW”) entered into a framework cooperation agreement with Sayyed Karimov, th
Is It Worth Investing in Chijet Motor Company Inc (NASDAQ: CJET) Right Now?
The stock has a 36-month beta value of -1.34.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CJET is 14.86M, and at present, short sellers hold a 2.43% of that float. On June 17, 2024, the average trading volume of CJET was 387.89K shares.
CJET’s Market Performance
CJET stock saw an increase of -4.64% in the past week, with a monthly gain of 8.82% and a quarterly increase of -24.49%. The volatility ratio for the week is 26.75%, and the volatility levels for the last 30 days are 24.40% for Chijet Motor Company Inc (CJET). The simple moving average for the last 20 days is -8.74% for CJET stock, with a simple moving average of -62.84% for the last 200 days.
CJET Trading at 0.10% from the 50-Day Moving Average
After a stumble in the market that brought CJET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -92.86% of loss for the given period.
Volatility was left at 24.40%, however, over the last 30 days, the volatility rate increased by 26.75%, as shares surge +3.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.94% lower at present.
During the last 5 trading sessions, CJET fell by -4.64%, which changed the moving average for the period of 200-days by -79.67% in comparison to the 20-day moving average, which settled at $0.4060. In addition, Chijet Motor Company Inc saw -47.29% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CJET
Current profitability levels for the company are sitting at:
- -6.69 for the present operating margin
- -3.45 for the gross margin
The net margin for Chijet Motor Company Inc stands at -5.08. The total capital return value is set at -5.56. Equity return is now at value 0.71, with 0.67 for asset returns.
Based on Chijet Motor Company Inc (CJET), the company’s capital structure generated 1.55 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07.
Currently, EBITDA for the company is -48.26 million with net debt to EBITDA at -9.32. When we switch over and look at the enterprise to sales, we see a ratio of 44.44. The receivables turnover for the company is 0.18for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.17.
Conclusion
To sum up, Chijet Motor Company Inc (CJET) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
