Chijet Motor (NASDAQ:CJET) Shares Down 2.6% – Here’s What Happened

Chijet Motor Company, Inc. (NASDAQ:CJET) shares fell 2.6% on Monday . The company traded as low as $1.0623 and last traded at $1.12. 645,554 shares changed hands during trading, a decline of 78% from the average session volume of 2,917,049 shares. The stock had previously closed at $1.15.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CJET shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Chijet Motor in a report on Wednesday, October 8th. Wall Street Zen raised shares of Chijet Motor to a “sell” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Chijet Motor Trading Down 2.6%

The business’s 50-day moving average is $731.64 and its 200-day moving average is $11,031.13.

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.