XPeng Inc. Sponsored ADR (XPEV) Gains But Lags Market: What You Should Know
In the latest trading session, XPeng Inc. (XPEV) closed at $7.91, marking a +0.38% move from the previous day.
SEOUL, South Korea - Nov. 16, 2022 - PRLog -- This change lagged the S&P 500's 0.96% gain on the day. Meanwhile, the Dow gained 1.31%, and the Nasdaq, a tech-heavy index, lost 0.14%.
Prior to today's trading, shares of the company had lost 20.32% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 8.27% and the S&P 500's loss of 0.41% in that time.
Investors will be seeing strength from XPeng Inc. as important changes to analyst estimates for XPeng Inc are published. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 has moved 4.2% higher within the past month.
XPeng Inc. Sponsored ADR is holding a Zacks Rank of #2 (Buy) right now.
You can find more information on all of these metrics, and much more, on Zacks.com. or visit us at https://acg-