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Applied Therapeutics Inc. (APLT) Stock Sinks As Market Gains: What You Should Know

Applied Therapeutics Inc. (APLT) Stock Sinks As Market Gains: What You Should Know

Applied Therapeutics Inc. (APLT) closed at $22.86 in the latest trading session, marking a -0.95% move from the prior day. This move lagged the S&P 500’s daily gain of 0.88%. Elsewhere, the Dow gained 0.57%, while the tech-heavy Nasdaq added 1.39%.

Prior to today’s trading, shares of the company had lost 5.87% over the past month. This has lagged the Medical sector’s gain of 3.5% and the S&P 500’s gain of 3.54% in that time.

Wall Street will be looking for positivity from APLT as it approaches its next earnings report date. In that report, analysts expect APLT to post earnings of -$0.84 per share. This would mark a year-over-year decline of 33.33%.

Investors should also note any recent changes to analyst estimates for APLT. 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.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. APLT is currently a Zacks Rank #4 (Sell).

The Medical – Biomedical and Genetics industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 185, which puts it in the bottom 27% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks

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Nikola Corporation (NKLA) Stock Sinks As Market Gains: What You Should Know

Nikola Corporation (NKLA) Stock Sinks As Market Gains: What You Should Know

Nikola Corporation (NKLA) closed the most recent trading day at $24.66, moving -1.36% from the previous trading session. This change lagged the S&P 500’s daily gain of 0.88%. Meanwhile, the Dow gained 0.57%, and the Nasdaq, a tech-heavy index, added 1.39%.

Prior to today’s trading, shares of the company had lost 33.46% over the past month. This has lagged the Auto-Tires-Trucks sector’s gain of 8.2% and the S&P 500’s gain of 3.54% in that time.

Wall Street will be looking for positivity from NKLA as it approaches its next earnings report date.

Investors should also note any recent changes to analyst estimates for NKLA. 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.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection remained stagnant. NKLA currently has a Zacks Rank of #3 (Hold).

The Automotive – Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% 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

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Lithia Motors (LAD) Stock Sinks As Market Gains: What You Should Know

Lithia Motors (LAD) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Lithia Motors (LAD) closed at $281.01, marking a -0.98% move from the previous day. This move lagged the S&P 500’s daily gain of 0.8%. At the same time, the Dow added 0.43%, and the tech-heavy Nasdaq gained 0.5%.

Investors will be hoping for strength from LAD as it approaches its next earnings release. The company is expected to report EPS of $6.20, up 82.89% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.55 billion, up 6.54% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $16.66 per share and revenue of $12.77 billion. These totals would mark changes of +41.67% and +0.73%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for LAD. 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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 10.38% higher within the past month. LAD currently has a Zacks Rank of #1 (Strong Buy).

Valuation is also important, so investors should note that LAD has a Forward P/E ratio of 17.03 right now. For comparison, its industry has an average Forward P/E of 13.01, which means LAD is trading at a premium

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