BYD Co Ltd

What is BYD Co Ltd (BYDDY)?

Company Overview BYD Company Limited (BYDDY), is a Chinese automobile and electronics manufacturing company that primarily engages in the research, development, manufacture, and sale of automobiles and related products worldwide. It operates through three segments: Rechargeable Battery and Photovoltaic Products; Mobile Handset Components and Assembly Service; and Automobiles and Related Products. The company also produces trucks, buses, and even monorails. It also manufactures and sells lithium-ion, nickel and solar batteries. BYD Company Limited was founded in 1995 and is headquartered in Shenzhen.

BYDDY, is it a good pick?

BYDDY says it sold 93,945 new energy vehicles in December up 225.7% YoY, and for the 2021 in general, sales were 603,783 units, up 218.3% YoY; they also reported revenues for $23.79 billion with a net income growth around 162.27%.

Technical analysis

From Nov 23rd to Dec 29th the share price dropped -24.47% to trade around $62.39. From Dec 29th to Jan 3rd the price went up 11.10% to trade around $68.92. The RSI is reaching the neutral zone while the MACD shows the ending of a downtrend and starts showing signals of an uptrend period. The price could keep increasing around 11.83% to trade around $76.72.