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XPeng Inc. Sponsored ADR (XPEV) Stock Sinks As Market Gains: What You Should Know

Zacks Equity Research
·2 min read

In the latest trading session, XPeng Inc. Sponsored ADR (XPEV) closed at $11.05, marking a -0.72% move from the previous day. This move lagged the S&P 500's daily gain of 1.47%. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, added 7.94%.

Coming into today, shares of the company had lost 3.72% in the past month. In that same time, the Auto-Tires-Trucks sector gained 21.22%, while the S&P 500 gained 7.41%.

Wall Street will be looking for positivity from XPeng Inc. Sponsored ADR as it approaches its next earnings report date. The company is expected to report EPS of -$0.05, up 77.27% from the prior-year quarter.

It is also important to note the recent changes to analyst estimates for XPeng Inc. Sponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

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Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

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 9.02% lower within the past month. XPeng Inc. Sponsored ADR is currently a Zacks Rank #3 (Hold).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% 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.

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) : Free Stock Analysis Report

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Zacks Investment Research