BYD Stock: Happening This Week!

BYD faces many important weeks. Analysts, but especially investors, can expect an exciting time. According to information from Marketscreener, BYD will definitely say more about the development at the upcoming general meeting on April 19.

The US and China are in a mini economic war. A US senator announced that he wanted to ban Chinese electric cars in the US. The demands are preliminary without consequences, but they indicate a sense of urgency. Chinese cars are too cheap to be tolerated in the USA.

BYD: This is going to be hot

But the price is on the way up again. Perhaps this is also because BYD recently announced that there will be a jump in sales of more than 20% this year.

This raises hopes that the company will be able to get the very difficult electric vehicle market under control in the western world. Based on assumed operating profit, BYD shares are valued at a P/E ratio of just 15 to 18, depending on estimates. This in turn will be a very good value in the historical valuation of and for BYD.

Prices could rise by 20% or more – based on historical P/E ratios – if stock markets were to take this figure into account. But that will not be the case. Mood is always important.

As mentioned, the most important thing recently was the talks between China and the United States. The Americans largely want to protect their market from Chinese automakers such as BYD, although a confrontation between China and the United States will certainly not have any immediate consequences.

BYD, however, is clearly facing this situation, which has been going on for a long time.