BYD: Is it all over? – Financial trends

BYD managed to avoid heavy losses at the end of last week – but still had to accept disappointment. It fell by -0.1%, ending the week flat. After a weak previous week, the name also disappointed in three out of four trading events last week. Analysts believe that the stock price remains below its potential. According to data from Marketscreener, they actually see a chance that the stock could rise by 48%. That would mean that a minimum rate of 35 euros instead of the current 23 euros is still possible.

However, the tension is now clearly rising after days of disappointment. In less than 14 days, BYD will hold an extraordinary general meeting. This should bring clarity and also cause a certain amount of excitement.

BYD: Until then, nothing of any use

Until then, the desire remains. Because stock markets do not really react all the time to supposedly good news. The group recently announced that it expects additional sales of 20% this year. Until then, this was not reflected in the price development.

BYD also announced last week that the company will produce and sell electric pickup trucks. This also did not affect the price on the stock market. Finally, BYD was also quoted with positive news from Israel. The group would lead “Israeli car sales” in the first quarter. The stock markets seem or have been disinterested.

Instead, the picture of the chart documents the continued weakness of the stock, which remains below 25 euros.

BYD stock chart

This is due to concerns that China and the United States will have a trade dispute. That is why the USA now wants to talk to China about “overcapacity” – this is where the heart of the matter lies. Maybe a general meeting will help.