Chijet Motor (NASDAQ:DCX) Trading Up 10% – Time to Buy?

Chijet Motor Company, Inc. (NASDAQ:DCX)’s share price was up 10% during trading on Thursday . The stock traded as high as $2.30 and last traded at $2.30. Approximately 312,364 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 821,263 shares. The stock had previously closed at $2.09.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 has an average rating of “Sell”.

Chijet Motor Stock Up 10.0%

The company has a 50 day moving average of $1.89 and a two-hundred day moving average of $1,814.77.

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.