BYD shares: That was clear! – Financial trends

In just six days, BYD, the Chinese car and battery maker, will publish its latest financial figures. The situation on the stock market is currently characterized by fear, which is also reflected in BYD’s share price. On Tuesday, shares recorded a further decline of 2.5 percent. It looks like stocks will not recover easily from the current market weakness. The price development shows a continuous, destructive sideways trend, which can also be seen when viewed long-term over many years.

Long-term chart analysis shows a sideways trend

A long-term view of the chart, going back to the summer of 2020, shows a clear trend. Share in BYD. Although price changes occur in a wide range of 20 to 40 euros, the price has not moved too high or too low.

BYD stock chart

Despite the fact that the stock is currently considered cheap with an estimated price-to-earnings ratio (P/E) of 15.7, the market’s lack of confidence in the security remains. Investors and analysts remain skeptical about whether BYD and other manufacturers in the electric vehicle market can meet the market’s high expectations.

The investor community now remains in a six-day waiting period until new information is available that could provide a new boost to BYD’s share price. The upcoming trading data is eagerly awaited and can be decisive in determining whether the stock price can break out of the sideways trend and take a new direction.