Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Chijet Motor Company Inc Market Cap
The Chijet Motor Company Inc (CJET) share price is expected to decrease by 100% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered CJET. Price targets range from $ at the low end to $ at the high end. The current analyst consensus for CJET is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
CJET is a stock in Consumer Cyclical which has been forecasted to be worth $ as an average. On the higher end, the forecast price is $ USD by from and on the lower end CJET is forecasted to be $ by from .
These are the latest 20 analyst ratings of CJET.
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When did it IPO
2023
Staff Count
1,428
Country
China
Sector/Industry
Consumer Cyclical/Auto Manufacturers
CEO
Mr. Mu Hongwei
Market Cap
$10.8M
In 2023, CJET generated $9.5M in revenue, which was a decrease of -36.62% from the previous year. This can be seen as a signal that CJET's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 20 Sep 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Chijet Motor Company (NASDAQ: CJET) will issue 640,850 ordinary shares to contingent value rights holders, based on CVR holdings, with a record date of September 13, 2024.
Why It Matters - Chijet Motor's issuance of shares to CVR holders may dilute existing shares but signals confidence in future growth, impacting stock valuation and investor sentiment.
Wed, 03 Jul 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Chijet Motor Company (NASDAQ: CJET) executed a 1-for-30 reverse stock split effective June 28, 2024. Shares will trade on a split-adjusted basis starting July 8, 2024.
Why It Matters - Chijet's 1-for-30 reverse split indicates a consolidation of shares, which can signal financial distress or a strategy to boost share price. This affects liquidity and investor sentiment.
Fri, 28 Jun 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Chijet Motor Company, Inc. (NASDAQ: CJET) focuses on developing, manufacturing, and selling high-tech automotive products and services.
Why It Matters - Chijet Motor's focus on high-tech development and manufacturing signals potential growth in the EV sector, attracting investor interest in innovation and market positioning.
Tue, 18 Jun 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - On June 7, FAW Jilin Automobile Co., a subsidiary of Chijet Motor, signed an intention agreement with the local administration, indicating potential future developments or collaborations.
Why It Matters - The agreement signals potential growth opportunities for Chijet Motor, which may enhance its market position and investor confidence, influencing stock performance.
Fri, 14 Jun 2024
Sentiment - POSITIVE
Source - InvestorPlace
Summary - Chijet Motor (NASDAQ: CJET) stock is experiencing a rise with over 8 million shares traded in heavy pre-market activity on Friday.
Why It Matters - Rising stock and heavy trading volume in Chijet Motor indicate strong investor interest, potentially signaling increased confidence in the company's future performance in the new energy vehicle sector.
Fri, 14 Jun 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - On May 29, Chijet's subsidiary FAW Jilin Automobile Co., Ltd. signed a framework cooperation agreement with Sayyed Karimov.
Why It Matters - Chijet's agreement with FAW may enhance its operational capabilities and market reach, potentially boosting future revenue and investor confidence.
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