Latest news with #maker
Yahoo
9 hours ago
- Business
- Yahoo
Are You Looking for a Top Momentum Pick? Why Esco Technologies (ESE) is a Great Choice
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Esco Technologies (ESE), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Esco Technologies currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if ESE is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of smart meters and filtration products holds up. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For ESE, shares are up 7.19% over the past week while the Zacks Manufacturing - Electronics industry is up 5.16% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 5.29% compares favorably with the industry's 4.03% performance as well. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Esco Technologies have increased 36.37% over the past quarter, and have gained 83.33% in the last year. On the other hand, the S&P 500 has only moved 10.42% and 14.64%, respectively. Investors should also pay attention to ESE's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. ESE is currently averaging 208,681 shares for the last 20 days. The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with ESE. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost ESE's consensus estimate, increasing from $5.70 to $6.07 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Taking into account all of these elements, it should come as no surprise that ESE is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Esco Technologies on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ESCO Technologies Inc. (ESE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Automotive
- Yahoo
Xiaomi's YU7 car buyers face year-long wait for delivery
STORY: China's Xiaomi has told customers of its new YU7 they will have to wait more than a year to receive their cars. It has led to a fresh wave of complaints against the company. The smartphone turned EV maker said it received roughly 240,000 orders for the electric sports utility vehicle in the first 18 hours after it went on sale on Thursday. But only a small number of vehicles were available for immediate delivery. By Tuesday, the Xiaomi app showed purchasers were facing a wait of between 38 and 60 weeks. More than 400 buyers have lodged complaints on a leading consumer complaint platform since Friday. They said they were not made aware of the long wait and demanded a refund. Buyers had to make a non-refundable deposit of almost $698 to place their order. They said the official app only showed the estimated waiting time for the car after the order had been confirmed. They also raised concerns about whether the longer wait would mean they would have to pay more. That as a tax exemption for EVs is due to expire at the end of this year. Xiaomi did not immediately respond to a request for comment.
Yahoo
a day ago
- Automotive
- Yahoo
Xiaomi's YU7 car buyers face year-long wait for delivery
STORY: China's Xiaomi has told customers of its new YU7 they will have to wait more than a year to receive their cars. It has led to a fresh wave of complaints against the company. The smartphone turned EV maker said it received roughly 240,000 orders for the electric sports utility vehicle in the first 18 hours after it went on sale on Thursday. But only a small number of vehicles were available for immediate delivery. By Tuesday, the Xiaomi app showed purchasers were facing a wait of between 38 and 60 weeks. More than 400 buyers have lodged complaints on a leading consumer complaint platform since Friday. They said they were not made aware of the long wait and demanded a refund. Buyers had to make a non-refundable deposit of almost $698 to place their order. They said the official app only showed the estimated waiting time for the car after the order had been confirmed. They also raised concerns about whether the longer wait would mean they would have to pay more. That as a tax exemption for EVs is due to expire at the end of this year. Xiaomi did not immediately respond to a request for comment.
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Business Standard
2 days ago
- Automotive
- Business Standard
Hero Motors refiles DRHP, raises IPO size to ₹1,200-cr; key details here
Hero Motors IPO: Auto components maker Hero Motors has refiled its draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (Sebi) for its maiden public issue. The company has increased the issue size from ₹900 crore to ₹1,200 crore. In August last year, the company filed papers for a ₹900 crore IPO. The Hero Motors IPO with a face value of ₹10 per share comprises a combination of fresh issue up to ₹800 crore and an offer for sale (OFS) up to ₹400 crore by promoters. The OFS component includes ₹390 crore worth of shares by OP Munjal Holdings, and ₹5 crore each by Bhagyoday Investments and Hero Cycles, as per the DRHP. According to the DRHP, not more than 50 per cent of the issue shall be reserved for qualified institutional buyers (QIBs), not less than 15 per cent for non-institutional investors (NIIs), and 35 per cent for retail individual investors. Hero Motors IPO registrar, lead managers Kfin Technologies is the registrar for the issue. ICICI Securities, DAM Capital Advisors, and JM Financial are the book-running lead managers of the issue. Hero Motors IPO objective According to the DRHP, the company plans to utilise ₹285 crore from the net issue proceeds for repayment or prepayment or redemption of certain outstanding borrowings availed by itself and ₹237 crore for the purchase of equipment required for expansion in capacity of its facility in Gautam Buddha Nagar, Uttar Pradesh. The remaining funds will be used for funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes. Hero Motors financial snapshot In the nine-month period ended December 31, 2024, the company reported revenue from operations of ₹807.2 crore and profit after tax of ₹22.39 crore. In the financial year 2023-24 (FY24), Hero Motors reported revenue from operations of ₹1,064.38 crore, marginally up from 1,054.6 crore in the previous financial year. The company's earnings before interest, tax, depreciation and amortisation came in at ₹82.8 crore in FY24 compared to ₹97.35 crore in the previous fiscal. Its profit after tax (PAT) stood at ₹17 crore, down around 58 per cent from 40.5 crore in the FY23. About Hero Motors Hero Motors is the automotive flagship company of the Hero Group which is one of the world's largest two-wheeler and cycle manufacturers. The company offers comprehensive solutions including services for designing, prototyping, validating, developing, and delivering system-level powertrain solutions for both electric as well as non-electric powertrains. Its operations are organised into Powertrain Solutions and Alloys and Metallics business segments. Pankaj Munjal, Charu Munjal, Abhishek Munjal and OP Munjal Holdings are the promoters of the company. As per the DRHP, the promoters currently own 91.65 per cent stake in the company.
7NEWS
6 days ago
- Automotive
- 7NEWS
World's largest EV maker BYD slows production
BYD has reportedly reduced production at its Chinese factories after significant price cuts have seen slower growth than planned in the company's home market. According to Automotive News, BYD – which overtook Tesla to become the world's largest electric vehicle (EV) maker in 2024 – has made the unprecedented move of cancelling night shifts at some of its plants. The report suggests the automaker has reduced capacity by as much as one third at some of its plants, suspending plans for new product assembly lines as part of the move. One source told Automotive News BYD has missed targets to grow sales from the 4.27 million it sold globally in 2024 – including 20,458 in Australia – to 5.5 million in 2025. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. By the end of May 2025 BYD had sold 1.76 million cars globally, the rate working out to be 4.23 million for the full calendar year. BYD would not confirm the slowdown or comment when approached by Automotive News. Making BYD's performance less obvious has been a dramatic global sales slide for Tesla including falls in Europe, China and Australia, with the Toyota RAV4 knocking off the Tesla Model Y as the world's best-selling vehicle. In the first three months of 2025, Tesla production fell to 362,615 units compared to 433,371 over the same period the previous year, with revenue falling 66 per cent. Yet China Association of Automobile Manufacturers (CAAM) production figures for BYD revealed growth of only 0.2 per cent in May 2025, the lowest growth figures since February 2024, which had fewer production days as the month was disrupted by national holidays. Data from the China Automotive Dealer Association (CADA) showed BYD held 3.21 months' worth of stock at its China dealers compared to the 1.38 industry average, again confirming slower than expected sales. The automaker exclusively builds electric and plug-in hybrid vehicles (EVs and PHEVs), having ended production of pure combustion-powered vehicles in 2022. In a move seen previously in the automotive industry in the United States and Australia, the China Auto Dealers Chamber of Commerce has called for car manufacturers to stop loading up dealers with excess stock. The news also comes as Chinese automakers have been accused of recording sales of new cars in China to obtain new-car financial subsidies, but then shipping those cars overseas as 'used', inflating Chinese sales figures and sales growth. According to Reuters, the issue came to light when Great Wall Motor (GWM) chairman Wei Jianjun was critical of the practice – known as selling 'zero mileage cars' – in May. The practice has also put downward pressure on new vehicle prices, sparking a price war to reduce the margin on each vehicle, ironically making sales of zero-mileage cars more enticing. The BYD Seagull – a city-sized EV hatch which could also get a start in Australian showrooms – was overtaken in May 2025 by the Geely Geome Xingyuan, offered with both EV and hybrid versions, as China's best-selling vehicle. After launching here exclusively with EVs, BYD introduced its first PHEVs to the Australian market last year. BYD will take over the local distribution from EVDirect on July 1, 2025, with ex-Honda Australia director Stephen Collins announced as chief operating officer earlier this month. The company's Australian sales are up 94.7 per cent to the end of May 2025, led by the Ford Ranger -rivalling Shark 6 pickup with a raft of new models – including the Atto 2 small SUV and the Sealion 8 seven-seat plug-in hybrid SUV – confirmed for local showrooms.
