In the last trading session, XPeng Inc. (XPEV) closed at $7.91, a movement of +0.38% over the previous day.
Before today’s trading, the company’s shares were down 20.32% over the past month. That lagged the 8.27% loss of the auto-tire-truck sector and the 0.41% loss of the S&P 500 during that period.
Investors will see strength in XPeng Inc. as major changes in analyst estimates for XPeng Inc. are released. These revisions help show the ever-changing nature of short-term business trends. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business prospects.
Our research shows that these estimate changes correlate directly with short-term stock prices. We developed Zacks Rank to take advantage of this phenomenon. Our system takes these estimate changes into account and provides a clear, actionable valuation model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, third-party verified track record of outperformance, with #1 stocks returning an average of +25% annually since 1988 . The Zacks Consensus EPS estimate is up 4.2% over the past month.
XPeng Inc. Sponsored ADR currently has a Zacks Rank of #2 (Buy).
Visit Zacks.com for more information on all of these metrics and more. or visit us at https://acg-wealth.com
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