Chijet Motor Company Inc (NASDAQ: CJET)’s stock price has gone rise by 19.66 in comparison to its previous close of 1.75, however, the company has experienced a 9.95% increase in its stock price over the last five trading days. globenewswire.com reported 2024-09-20 that NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) — Chijet Motor Company, Inc. (NASDAQ: CJET) (the “Company”), a high-tech enterprise engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (“NEV”), today announced that it is in the process of issuing a total of 640,850 ordinary shares of par value US$0.003 (the “Ordinary Shares”) to the holders of contingent value rights (“CVRs”) on record as of September 13, 2024 (the “Qualifying CVR Holders”) pro rata, based on their respective number of CVRs held. The record date for the Qualifying CVR Holders to receive such shares shall be September 13, 2024.
Is It Worth Investing in Chijet Motor Company Inc (NASDAQ: CJET) Right Now?
The stock has a 36-month beta value of -1.33.
The public float for CJET is 5.36M, and at present, short sellers hold a 0.82% of that float. On January 22, 2025, the average trading volume of CJET was 31.43K shares.
CJET’s Market Performance
CJET’s stock has seen a 9.95% increase for the week, with a 9.38% rise in the past month and a -19.23% fall in the past quarter. The volatility ratio for the week is 19.02%, and the volatility levels for the past 30 days are at 12.23% for Chijet Motor Company Inc The simple moving average for the past 20 days is 0.99% for CJET’s stock, with a -60.47% simple moving average for the past 200 days.
CJET Trading at 1.58% 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 -91.57% of loss for the given period.
Volatility was left at 12.23%, however, over the last 30 days, the volatility rate increased by 19.02%, as shares surge +7.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.94% upper at present.
During the last 5 trading sessions, CJET rose by +9.95%, which changed the moving average for the period of 200-days by -99.43% in comparison to the 20-day moving average, which settled at $2.0800. In addition, Chijet Motor Company Inc saw -9.48% 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:
- -6.14 for the present operating margin
- -2.68 for the gross margin
The net margin for Chijet Motor Company Inc stands at -4.86. The total capital return value is set at 2.71.
Based on Chijet Motor Company Inc (CJET), the company’s capital structure generated 1.74 points at debt to capital in total, while cash flow to debt ratio is standing at -0.08.
Currently, EBITDA for the company is -49.06 million with net debt to EBITDA at -10.01. When we switch over and look at the enterprise to sales, we see a ratio of 36.33. The receivables turnover for the company is 0.24for 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 0.15.
Conclusion
To sum up, Chijet Motor Company Inc (CJET) has seen a mixed 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.
