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XPeng Inc. Sponsored ADR (XPEV) Gains But Lags Market: What You Should Know
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XPeng Inc. Sponsored ADR (XPEV - Free Report) closed at $34.42 in the latest trading session, marking a +1.71% move from the prior day. This move lagged the S&P 500's daily gain of 1.86%. Elsewhere, the Dow gained 1.79%, while the tech-heavy Nasdaq added 0.4%.
Coming into today, shares of the company had lost 7.03% in the past month. In that same time, the Auto-Tires-Trucks sector lost 8.73%, while the S&P 500 lost 5.05%.
XPeng Inc. Sponsored ADR will be looking to display strength as it nears its next earnings release.
Any recent changes to analyst estimates for XPeng Inc. Sponsored ADR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 15.34% lower. XPeng Inc. Sponsored ADR currently has 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 158, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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XPeng Inc. Sponsored ADR (XPEV) Gains But Lags Market: What You Should Know
XPeng Inc. Sponsored ADR (XPEV - Free Report) closed at $34.42 in the latest trading session, marking a +1.71% move from the prior day. This move lagged the S&P 500's daily gain of 1.86%. Elsewhere, the Dow gained 1.79%, while the tech-heavy Nasdaq added 0.4%.
Coming into today, shares of the company had lost 7.03% in the past month. In that same time, the Auto-Tires-Trucks sector lost 8.73%, while the S&P 500 lost 5.05%.
XPeng Inc. Sponsored ADR will be looking to display strength as it nears its next earnings release.
Any recent changes to analyst estimates for XPeng Inc. Sponsored ADR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 15.34% lower. XPeng Inc. Sponsored ADR currently has 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 158, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.