Chijet Motor (NASDAQ:DCX) Shares Down 3.8% – What’s Next?

Chijet Motor Company, Inc. (NASDAQ:DCX)’s share price was down 3.8% during trading on Tuesday. The stock traded as low as $1.24 and last traded at $1.27. 61,500 shares traded hands during trading, a decline of 94% from the average session volume of 988,355 shares. The stock had previously closed at $1.32.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Chijet Motor from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Chijet Motor Stock Performance

The stock has a 50-day moving average price of $59.86 and a two-hundred day moving average price of $202.39.

Chijet Motor (NASDAQ:DCX) last issued its earnings results on Friday, September 18th. The company reported $266.40 earnings per share for the quarter.

Insider Buying and Selling at Chijet Motor

In related news, CEO Melissa N. Chen acquired 256 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was acquired at an average price of $200.00 per share, with a total value of $51,200.00. Following the acquisition, the chief executive officer directly owned 256 shares of the company’s stock, valued at approximately $51,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 22.04% of the company’s stock.

Chijet Motor Company Profile

Chijet Motor Company, Inc (NASDAQ: DCX) is an automotive company focused on the development, manufacture and sale of new energy vehicles. Its business centers on electric vehicles and other electrified transportation products, including vehicles intended for passenger and commercial applications.

The company’s activities include vehicle research and development, manufacturing, supply-chain management and distribution. Chijet has described its product strategy as spanning battery-electric and hybrid vehicles, with an emphasis on expanding offerings that support the transition toward lower-emission transportation.

Chijet is based in China and has focused primarily on the Chinese automotive market, while also pursuing opportunities in international markets.