Chijet Motor (NASDAQ:DCX) Announces Quarterly Earnings Results

Chijet Motor (NASDAQ:DCX) posted its quarterly earnings data on Friday. The company reported $1.67 earnings per share for the quarter, reports.

Chijet Motor Price Performance

Shares of DCX stock opened at $0.44 on Friday. Chijet Motor has a 52-week low of $0.26 and a 52-week high of $609.60. The stock has a 50 day moving average price of $0.82 and a 200 day moving average price of $1.56.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Chijet Motor in a report on Monday, July 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Chijet Motor presently has a consensus rating of “Sell”.

Insider Buying and Selling

In other Chijet Motor news, CEO Melissa N. Chen acquired 41,000 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were bought at an average price of $1.25 per share, with a total value of $51,250.00. Following the transaction, the chief executive officer directly owned 41,000 shares of the company’s stock, valued at $51,250. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 22.04% of the stock is owned by company insiders.

About Chijet Motor

Chijet Motor Company, Inc engages in the research and development, production, and sale of new energy vehicles. It offers battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. The company was founded in 2021 and is based in Grand Cayman, the Cayman Islands.