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XPeng Inc. Sponsored ADR (XPEV) Gains As Market Dips: What You Should Know
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XPeng Inc. Sponsored ADR (XPEV - Free Report) closed the most recent trading day at $39.36, moving +0.54% from the previous trading session. This move outpaced the S&P 500's daily loss of 2.12%. At the same time, the Dow lost 1.78%, and the tech-heavy Nasdaq gained 0.45%.
Heading into today, shares of the company had lost 10.62% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 12.13% and lagging the S&P 500's loss of 3.91% in that time.
Wall Street will be looking for positivity from XPeng Inc. Sponsored ADR as it approaches its next earnings report date.
Investors should also note any recent changes to analyst estimates for XPeng Inc. Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. XPeng Inc. Sponsored ADR is currently sporting a Zacks Rank of #4 (Sell).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow XPEV in the coming trading sessions, be sure to utilize Zacks.com.
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XPeng Inc. Sponsored ADR (XPEV) Gains As Market Dips: What You Should Know
XPeng Inc. Sponsored ADR (XPEV - Free Report) closed the most recent trading day at $39.36, moving +0.54% from the previous trading session. This move outpaced the S&P 500's daily loss of 2.12%. At the same time, the Dow lost 1.78%, and the tech-heavy Nasdaq gained 0.45%.
Heading into today, shares of the company had lost 10.62% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 12.13% and lagging the S&P 500's loss of 3.91% in that time.
Wall Street will be looking for positivity from XPeng Inc. Sponsored ADR as it approaches its next earnings report date.
Investors should also note any recent changes to analyst estimates for XPeng Inc. Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. XPeng Inc. Sponsored ADR is currently sporting a Zacks Rank of #4 (Sell).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow XPEV in the coming trading sessions, be sure to utilize Zacks.com.