Chijet Motor Company Delays Yearly Report Filing

Chijet Motor Company ( (CJET) ) has released a notification of late filing.

Chijet Motor Company, Inc. has announced a delay in filing its Form 20-F (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to logistical challenges in finalizing the financial information, which has made timely filing impractical without incurring undue hardship and expense. The company has committed to submitting the report within fifteen days of the original due date. There are no anticipated significant changes in the financial results compared to the previous fiscal year. Chijet Motor Company is actively working to ensure compliance, as indicated by the signature of Chief Executive Officer Hongwei Mu on the notification.

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

YTD Price Performance: -15.86%

Average Trading Volume: 82,502

Technical Sentiment Signal: Buy

Current Market Cap: $10.23M

For an in-depth examination of CJET stock, go to TipRanks’ Stock Analysis page.