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Chijet Motor Company ( (CJET) ) has provided an announcement.
Chijet Motor Company, Inc. announced the completion of its acquisition of an 80% equity interest in Too Express Group Inc., a Delaware-based delivery and transportation business, on April 28, 2025. This strategic move, valued at $40 million in Class A ordinary shares, is expected to enhance Chijet’s operational capabilities and market positioning by diversifying its business portfolio and expanding its reach into the logistics sector.
Spark’s Take on CJET Stock
According to Spark, TipRanks’ AI Analyst, CJET is a Underperform.
Chijet Motor Company is facing severe financial and operational challenges, with negative profitability, high leverage, and liquidity issues. The bearish technical indicators and negative market reaction to earnings results further exacerbate the risks. The company’s low valuation metrics reflect its unprofitability and lack of dividend appeal, contributing to an overall weak stock score.
To see Spark’s full report on CJET stock, click here.
More about Chijet Motor Company
Chijet Motor Company, Inc. operates in the automotive industry, focusing on manufacturing and selling vehicles. The company is based in Yantai, Shandong, China, and is involved in expanding its market presence through strategic acquisitions.
YTD Price Performance: -15.86%
Average Trading Volume: 81,784
Technical Sentiment Signal: Buy
Current Market Cap: $10.23M
See more data about CJET stock on TipRanks’ Stock Analysis page.