Viomi Technology has been greatly impacted by the loss of what had been boosting sales, but VIOT arguably has a shot at overcoming the setback and return to growth. There are a number of reasons why the recent contraction at VIOT is not likely to last, which includes a growing market and demand for water purification systems. A recent earnings report showed the impact on VIOT, but the stock could be a bargain at current valuations if we assume VIOT will recover in time.
Viomi Technology Co., Ltd (VIOT) Presents at Deutsche Bank ADR Virtual Investor Conference Transcript
The market cap of Viomi Technology has been sliced almost in half in four months, but this could be seen as an opportunity. The charts suggest the decline in the stock is potentially close to being over because support is likely close by. The case for long VIOT can count on a number of arguments, including structural trends going on worldwide when it comes to water.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PMM Phillip M. Meyer Oasis Management Co. Ltd. | 100,000 | $334,000 | $151,000 | -$183,000 | -54.79% |
Point72 Asset Management LP Point72 Asset Management LP | 493,500 | $908,040 | $720,510 | -$187,530 | -20.65% |
Mark Schafer Police & Firemen's Retirement System of New Jersey | 15,099 | $27,782 | $22,799.49 | -$4,982.51 | -17.93% |
| Household Durables Industry | Consumer Discretionary Sector | Xiaoping Chen CEO | NASDAQ (NGS) Exchange | 92762J103 CUSIP |
| CN Country | 725 Employees | 6 Apr 2026 Last Dividend | - Last Split | 25 Sep 2018 IPO Date |
Founded in 2014 and headquartered in Guangzhou, China, Viomi Technology Co., Ltd is at the forefront of the smart home revolution. As a subsidiary-driven company, Viomi is dedicated to developing and commercializing Internet-of-things-enabled (IoT-enabled) smart home products primarily within the People's Republic of China. The company's innovative approach is aimed at enhancing the domestic lifestyle by integrating technology into everyday home appliances and gadgets for a comprehensive smart living experience. It boasts a strategic partnership with Xiaomi Corporation, one of the leading technology companies, which not only strengthens its market position but also exemplifies its commitment to delivering high-quality smart home solutions. Viomi Technology sells its extensive range of products directly to consumers through multiple channels, including its online platform, the Viomi mobile app, various e-commerce platforms like Youpin, JD.com, Tmall, Pinduoduo, Suning, and through offline experience stores, ensuring wide availability and accessibility of its smart solutions to the public.