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Volkswagen AG Unsponsored ADR (VWAGY) Falls More Steeply Than Broader Market: What Investors Need to Know
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Volkswagen AG Unsponsored ADR (VWAGY - Free Report) ended the recent trading session at $12.98, demonstrating a -1.96% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.63%. Meanwhile, the Dow experienced a drop of 0.51%, and the technology-dominated Nasdaq saw a decrease of 0.63%.
Heading into today, shares of the company had lost 0.68% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 0.98% and the S&P 500's loss of 2.35% in that time.
Market participants will be closely following the financial results of Volkswagen AG Unsponsored ADR in its upcoming release.
It's also important for investors to be aware of any recent modifications to analyst estimates for Volkswagen AG Unsponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.37% lower. Volkswagen AG Unsponsored ADR is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Volkswagen AG Unsponsored ADR's current valuation metrics, including its Forward P/E ratio of 3.98. This signifies a discount in comparison to the average Forward P/E of 6.96 for its industry.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 106, placing it within the top 43% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow VWAGY in the coming trading sessions, be sure to utilize Zacks.com.
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Volkswagen AG Unsponsored ADR (VWAGY) Falls More Steeply Than Broader Market: What Investors Need to Know
Volkswagen AG Unsponsored ADR (VWAGY - Free Report) ended the recent trading session at $12.98, demonstrating a -1.96% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.63%. Meanwhile, the Dow experienced a drop of 0.51%, and the technology-dominated Nasdaq saw a decrease of 0.63%.
Heading into today, shares of the company had lost 0.68% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 0.98% and the S&P 500's loss of 2.35% in that time.
Market participants will be closely following the financial results of Volkswagen AG Unsponsored ADR in its upcoming release.
It's also important for investors to be aware of any recent modifications to analyst estimates for Volkswagen AG Unsponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.37% lower. Volkswagen AG Unsponsored ADR is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Volkswagen AG Unsponsored ADR's current valuation metrics, including its Forward P/E ratio of 3.98. This signifies a discount in comparison to the average Forward P/E of 6.96 for its industry.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 106, placing it within the top 43% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow VWAGY in the coming trading sessions, be sure to utilize Zacks.com.