Chijet Motor (NASDAQ:DCX) Shares Down 4.9% – What’s Next?

Chijet Motor Company, Inc. (NASDAQ:DCX) shares were down 4.9% during trading on Tuesday . The stock traded as low as $1.50 and last traded at $1.55. Approximately 14,855 shares were traded during trading, a decline of 33% from the average daily volume of 22,057 shares. The stock had previously closed at $1.63.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Chijet Motor in a research report on Friday, January 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Chijet Motor Price Performance

The stock’s 50-day moving average price is $3.17 and its 200-day moving average price is $13,884.88.

Chijet Motor Company Profile

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.