Geely Global - Zhejiang Geely Holding Group Co., Ltd
Car stocks have been the top pick for investors as the industry is expanding and offers an enticing return on your investment. While the industry did suffer a major hit due to the global pandemic, it is on its way to recovery. Not just that, car manufacturers across the globe sees a huge demand.
Many people are looking to upgrade their cars and try out new vehicles with various features. The massive demand presents the manufacturers, such as Geely Global, to expand into different territories, particularly the US and European markets.
Geely Auto Group is a huge name in the automobile industry. The company was founded in 1997 and is based in Hangzhou, China. Zhejiang Geely Holding Group is the parent company of the Geely Auto Group and has various other subsidiaries, including:
- Lynk & Co
- Proton Cars
Over the past years, Geely Global has seen a massive change in its share price. The company’s stock value increased from $1 to $3.5 in 2017. However, it started to go down before rising up by the end of 2020. These are the company’s recent financials to give you a better idea:
- Net income: CN¥6.44 billion, as of 2020
- Total assets: CN¥206.74 billion, as of 2020
- Total equity: CN¥64.21 billion, as of 2020
- Operating income: CN¥9.636 billion, as of 2020
- Revenue: CN¥92.1 billion, as of 2020
- 1 Geely Global - Zhejiang Geely Holding Group Co., Ltd
- 1.1 Geely Global Statistical Overview
- 1.2 How to Invest in Geely Global Stocks?
- 1.3 Conclusion
Geely Global Statistical Overview
Geely Global Stock Forecast 2022
Geely Global is seeing a bullish trend in 2022 as the stock price continues to go down from $2.5 at the start of this year to $1.54 by the second week of May. The unit volume performance is a prominent factor due to which the company’s stock price was falling in the last few months.
Nevertheless, Geely Global has strong prospects ahead for the future and aims to increase its growth by entering new markets. Geely Global is also looking to grow its slate of hybrids and EVs to cater to the needs of the US and European markets.
Geely Global’s EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) margins will also increase by the fiscal year 2022. In addition, revenue growth in the long term and FCF (Free Cash Flow) margins are likely going to increase.
Many experts consider it to be a buy-and-hold stock since it can increase in the next few years. Wallet Investor’s algorithm expects the price to go up to $1.754 in the next 12 months. It further expects the price to go up to $2.250 in the next 4 to 5 years.
The acquisition of around 34% of Renault Korea Motors’ shares is the most notable deal this year for Geely Global. This acquisition can impact the company’s stock price positively in the future. Collaboration between Geely Auto and Renault Group will allow them to access new markets and enhance their current product lines with a much better R&D process.
Geely Global Stock 2021
The year 2020 was challenging for companies in the automobile industry. Many companies in the automobile sector faced significant losses and reductions in their revenues due to the supply chain issues that are grappling with the world. Consumers are facing delays in receiving their orders, and for that reason, the automobile industry is suffering significantly.
The case is no different for Geely Global, witnessing amazing growth after the pandemic. However, the share price of Geely Global went down from $4.3 at the start of January 2021 to $2.8 by the last week of December 2021.
Low sales volume was a big disappointment for the company’s investors, which caused the share price to go down. The overall sales of the Geely Group, including LYNK and other subsidiaries, were around 135,000 units. It decreased by 10% from year on year but increased by 20% month on month.
Moreover, the company announced the development of the latest auto chips that give its consumers many more features. The 7nm intelligent cockpit chip is a great sign for the Geely Global investors as it shows that the company is working towards revolutionizing the automotive industry.
Geely Global Stock 2020
2020 was a challenging year for companies in various sectors as the world had to face the impact of the Covid-19 pandemic. The automobile industry was one of the most severely impacted ones. Many companies saw a massive fall in demand for their cars as the people were not traveling anywhere.
Consequently, the sales for many car companies, including Geely Global, fell by a significant number. The company’s share price decreased to $1.7 after the market crashed in March 2020. The stock price hovered around the $1.7-$1.9 mark throughout the next 6 to 7 months.
After the markets opened up and the automobile and vehicles increased, Geely Global’s share price experienced a massive change. It went to $3.4 on the last day of trading in 2020 and reached an all-time high value of $4.3 at the start of next year. However, the boom in the stock price was short-lived, and the share value fell in the first few months of 2021.
Geely Global Stock 2019
Many developments took place in 2019 that helped Geely Global’s share price to go from $1.4 at the start of the January to $2 by the end of December. The company did see slight up and downs throughout 2019, but Geely Global’s stock value saw a change of more than 50%. Here are some notable developments that helped the share price to increase:
- The company got the honor of becoming a prestige partner of the 2022 Asian Games
- Joint venture with Daimler for the project Volocopter
- Another joint venture with Daimler AG to develop a smart brand
- Released the Geometry Brand
- Increased cooperation with Baidu for internet-related services
Geely Global Stock 2018
2018 was a difficult year for Geely Global investors as the stock saw a fall in its value by 50%. Geely Global’s share price witnessed an optimal rise in 2017, but it plummeted by the end of 2018. Opening at around $3.5 at the start of January, the stock price fell to $1.5 by the last week of December.
Even though the company acquired a 9.69% stake in Daimler, shareholders were not impressed by the company’s performance and overall revenue growth. Therefore, the company faced a massive sell-off as shareholders wanted to invest their money elsewhere.
Geely Global Stock 2017
Geely Global’s stock price throughout the first four months of 2017 stayed between the ranges of $1 to $1.5. It started to increase over the next few months, ending at $3.54 by the end of December 2017. The primary reason for this was the joint venture with Volvo trucks.
Geely Global purchased a stake of more than 8.2% in the Swedish company. It opened the possibilities for this automobile manufacturer to expand in the European markets. Furthermore, the company acquired Terrafugia, which is an American car company. In addition, Geely Global was also planning on further acquisition deals with various other companies.
Geely Global Stock 2016
2016 was a good year for Geely Global as the company’s share since the stock prices doubled within 12 months. The company’s share price reached $0.95 by the last week of December from $0.45 on the first day of trading in 2016. Volvo’s acquisition was the driving force for the share price.
Investors started to gain more confidence in the company and believed it could outperform its set expectations. Volvo Cars had tremendous finances with an operating profit margin of 5% and 3.5% for the 3rd quarter of 2016 and 2016, respectively. Thus, the demand for Geely Global shares increased rapidly, causing the stock prices to go up.
How to Invest in Geely Global Stocks?
Anyone wondering how to invest in Geely Global needs to keep one thing in mind, and that is research. It is vital to do proper research about the company you want to invest in to make the right decision. You can do a quantitative/comparative analysis, go through the company’s financials, and learn about its prospects to make the right choice.
The world is focusing on the automobile industry as the sector is rapidly changing. Climate change and other factors make it imperative for companies in the auto sector to come up with new technologies and innovations. Companies like Geely Global are working on projects that can give them a competitive edge over others.
Therefore, you need to keep an eye on these companies to enjoy good returns on your investments. Another vital thing for investing is having a robust and user-friendly online platform by your side. For that reason, it is best to choose eToro, a reputable online broker that can help you invest in car stocks.
The platform allows you to look at price fluctuations so you can buy the dip and enjoy a good return on your investment. Many investors have tested the eToro platform and found it to be a great tool for beginner and professional investors. Let’s go over the account opening process.
Step 1: Open an eToro Account
When opening an account, you will see an online application form available. You will have to fill in all the relevant details that it asks for to start with the account opening process. The form does not ask you too many things, and you can fill it in a matter of minutes without any problems.
Step 2: Upload ID
Once you fill in the form, the next step is to upload the ID documents for verification. This step is essential since you cannot comply with the KYC and AML regulations if you don’t submit your ID documents. It protects your data and saves you from issues like identity theft.
After you submit the relevant ID documents, eToro will verify them and open your account if everything is clear. You can use the account to invest in Geely Global or any other car stocks that you want. The documents that you need to give are:
- Bank account statement for the past six months
- Copy of the last paid utility bill
- Driver’s license/valid passport (either one)
Step 3: Make a Deposit
While all of the main part for account registration is complete, you need to focus more on the investing side. You need to decide on the amount you want to put in the stocks and deposit it. The eToro platform allows you to deposit funds through your debit/credit card, PayPal account, or a wire transfer.
Step 4: Search for Stock
If you want to buy shares of Geely Global, you can look for it on the eToro platform using the search option. It allows you to find stocks of other companies in different sectors too. The platform gives you access to all the financial statements of any company you want.
You can go through the financial statements and then make the right call. Beginner investors can take advantage of the learning material available on the platform to increase their financial literacy and understand the market trends.
In addition, beginner and professional investors can use the stop loss option to ensure they don’t incur a heavy loss. The stop loss option allows you to sell a limit to buy or sell any stock. It initiates the transaction automatically once the share reaches that price limit.
The acquisition of Volvo cars gives the company an amazing opportunity to enter the European market. Geely Global has been looking to expand into different regions for the last couple of years. It finally has the opportunity to do so, and the company has a complete plan ready for its expansion. Therefore, investors should follow all the latest developments from Geely Global closely.