Chijet Motor (NASDAQ:CJET) Stock Price Up 0.7% – Still a Buy?

Chijet Motor Company, Inc. (NASDAQ:CJET) rose 0.7% during trading on Tuesday . The company traded as high as $0.45 and last traded at $0.43. Approximately 151,662 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 3,042,358 shares. The stock had previously closed at $0.4269.

Wall Street Analysts Forecast Growth

CJET has been the topic of several research analyst reports. Wall Street Zen raised Chijet Motor to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Chijet Motor in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Chijet Motor Price Performance

The business’s fifty day moving average price is $1.15 and its two-hundred day moving average price is $7,265.34.

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.