Chijet Motor (NASDAQ:DCX) Stock Price Down 3.3% – Time to Sell?

Chijet Motor Company, Inc. (NASDAQ:DCX) shares traded down 3.3% during trading on Tuesday . The stock traded as low as $1.92 and last traded at $2.04. 7,897 shares were traded during mid-day trading, a decline of 44% from the average session volume of 13,981 shares. The stock had previously closed at $2.11.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Chijet Motor in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Chijet Motor Stock Down 3.3%

The firm’s 50 day simple moving average is $2.29 and its 200 day simple moving average is $3.30.

Chijet Motor (NASDAQ:DCX) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1,035.89 earnings per share (EPS) for the quarter. The business had revenue of ($0.27) million for the quarter.

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.