Chijet Motor (NASDAQ:DCX) CEO Purchases $51,250.00 in Stock

Chijet Motor Company, Inc. (NASDAQ:DCX) CEO Melissa Chen bought 41,000 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was bought at an average price of $1.25 per share, for a total transaction of $51,250.00. Following the completion of the purchase, the chief executive officer owned 41,000 shares of the company’s stock, valued at approximately $51,250. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Chijet Motor Trading Down 7.3%

Shares of NASDAQ:DCX traded down $0.08 during mid-day trading on Monday, reaching $1.00. The company had a trading volume of 222,472 shares, compared to its average volume of 719,199. The company’s 50-day moving average price is $1.62 and its 200-day moving average price is $2.15. Chijet Motor Company, Inc. has a one year low of $0.63 and a one year high of $3,408.00.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Chijet Motor in a research note on Monday, July 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.