Chijet Motor (NASDAQ:DCX) Stock Price Up 4.4% – Here’s What Happened

Chijet Motor Company, Inc. (NASDAQ:DCX)’s share price was up 4.4% during mid-day trading on Wednesday . The company traded as high as $1.7746 and last traded at $1.7746. Approximately 7,725 shares traded hands during trading, a decline of 72% from the average daily volume of 27,655 shares. The stock had previously closed at $1.70.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Chijet Motor in a report on Friday, January 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Chijet Motor Trading Up 4.4%

The stock has a fifty day moving average of $2.29 and a two-hundred day moving average of $3,831.33.

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.