Tag: xiacf

How does the current price of XIACF compare to its 52-week high and low

Based on the search results, I can provide the following comparison of XIACF’s current price to its 52-week high and low:

The 52-week range for XIACF (Xiaomi Corp Class B) stock is $1.40 – $2.64.

As of the most recent data available:

  1. The current price is $2.36.
  2. The 52-week high is $2.36, set on May 03, 2024.
  3. The 52-week low is $1.26, recorded in June 2023.

Comparing these figures:

  • The current price of $2.36 is at the 52-week high, just 0.00% below it.
  • The current price represents a 87.3% increase from the 52-week low of $1.26.

This indicates that XIACF is currently trading at its highest point over the past year, suggesting strong recent performance or positive market sentiment towards the stock.

How has Xiaomi grown so quickly?

Xiaomi is a very interesting company with a very interesting business model.

The vast majority of phone manufacturers around the world create a smartphone with a cost of around $100 and then they spend a huge amount of money on marketing and branding. The company then believes that the smartphone has a much higher percieved value – so they sell it for $400 or above.

Xiaomi doesn’t do this!

Xiaomi is aiming to sell all of its products as close as possible to their costs – as they want to have as many products available in the world as possible.

Once out in the world and being use – Xiaomi then looks to drive revenues from providing software and services around these products, which has a much higher margin that the hardware itself. Thus, driving higher demand, more product adoption and thus more revenues from services.

What is the Difference between Xiaomi XIACF and XIACY?

If you searched for Xiaomi ADRs, you’ve inevitably come across both XIACF and XIACY. What’s the difference? You cannot trade XIACF as a retail investor because it’s a “privately placed” ADR under SEC Rule 144A. This means that they’re for qualified institutional buyers (QIBs) only. QIBs want and contribute to the 25x higher average trading volume than XIACY. Volume ensures there are enough buyers and sellers to trade with you. Information and services are also limited to QIBs.