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Hong Kong Market Movers Today – 01 May 2024

By | Market Movers

Biggest stock gainers today in Hong Kong

CompanyStock PricePercentage ChangeSmartkarma SmartScore
SenseTime Group (20)1.22 HKD+0.83%3.6
China Construction Bank (939)5.10 HKD+0.59%4.2
Industrial and Commercial Bank of China (1398)4.23 HKD+0.71%4.2
Petrochina (857)7.38 HKD+1.10%4.4

Biggest stock losers today in Hong Kong

CompanyStock PricePercentage ChangeSmartkarma SmartScore
Bank of China (3988)3.53 HKD-2.75%4.2
Agricultural Bank of China (1288)3.51 HKD-1.68%4.0
China Vanke (2202)4.63 HKD-6.46%3.6

What is Smartkarma SmartScore?

It is a compound score for a Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores (Value, Dividend, Growth, Resilience, Momentum scores) computed by Smartkarma.

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Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Bank of China’s Stock Price Drops to 3.53 HKD, Down by 2.75% – A Deep Dive into Market Performance

By | Market Movers

Bank of China (3988)

3.53 HKD -0.10 (-2.75%) Volume: 806.26M

Bank of China’s stock price stands at 3.53 HKD, experiencing a decline of -2.75% this trading session with a trading volume of 806.26M, yet demonstrating an impressive YTD increase of +18.46%, indicating robust performance in the stock market.


Latest developments on Bank of China

In a significant market development, the Hang Seng Index (HSI) rose by 226 points at midday, driving a bullish trend in the stock price of Bank Of China Ltd (H). This surge was further bolstered by AIA’s near 8% hike and a rocketing rise in CN property stocks. These key events have set a positive tone for the Bank Of China Ltd (H), shaping its stock price movements today.


A look at Bank of China Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Bank Of China Ltd (H) has a promising long-term outlook based on the Smartkarma Smart Scores. With high scores in Dividend and Momentum, the company is showing strong potential for growth and income generation. Additionally, its Value and Growth scores indicate a solid foundation for future success. While its Resilience score is slightly lower, the overall outlook for Bank Of China Ltd (H) remains positive.

Bank Of China Ltd (H) is a leading provider of banking and financial services globally. With a diverse range of services catering to both individual and corporate clients, including retail banking, credit card services, investment banking, and fund management, the company has established itself as a key player in the industry. With strong scores in Dividend and Momentum, Bank Of China Ltd (H) is well-positioned for continued success and growth in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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PetroChina’s Stock Price Soars to 7.38 HKD, Marking a Positive Change of 1.10%

By | Market Movers

Petrochina (857)

7.38 HKD +0.08 (+1.10%) Volume: 142.64M

Petrochina’s stock price stands at 7.38 HKD, marking a positive trading session with a 1.10% increase and a significant YTD percentage change of +43.02%. With a robust trading volume of 142.64M, Petrochina (857) demonstrates a promising performance in the stock market.


Latest developments on Petrochina

PetroChina has seen significant stock price movements today, underpinned by its robust Q1 2024 performance. The company reported its highest-ever Q1 profit, with 1Q revenue reaching CNY812.18B, up from CNY732.47B. This growth has been bolstered by increased Russian imports and stronger gas sales. Furthermore, PetroChina has experienced profitable growth, even as economic recovery remains uneven. Notably, both bullish and bearish block trades of PetroChina shares were observed, with 800k shares traded at $7.25 and 904k shares at $7.37 respectively.


Petrochina on Smartkarma

Analysts on Smartkarma, such as Osbert Tang, CFA, have provided a bearish outlook on PetroChina (857 HK). In a research report titled “PetroChina (857 HK): An Interesting Contrarian View,” doubts have been raised about PetroChina‘s ability to sustain good performance in 2024. Historical patterns, over-aggressive growth forecasts, and a potential underperformance linked to crude oil prices are cited as reasons for the skepticism. Consensus growth forecasts for FY24-25 are questioned, as PetroChina has not historically sustained as one of HSI’s best-performing stocks for two consecutive years. The report highlights the discrepancy between the crude oil price and PetroChina‘s share price, indicating a potential for underperformance if the correlation reverts to pre-2023 levels.


A look at Petrochina Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth5
Resilience4
Momentum5
OVERALL SMART SCORE4.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, PetroChina has a promising long-term outlook. With high scores in Growth and Momentum, the company is positioned for future success in the energy sector. Additionally, its strong scores in Value, Dividend, and Resilience indicate stability and potential for continued growth in the market.

PetroChina Company Limited, a leading player in the oil and gas industry, is well-positioned for long-term success according to the Smartkarma Smart Scores. With a focus on exploration, production, refining, and distribution of energy resources, PetroChina‘s high scores in Growth and Momentum highlight its potential for continued expansion and profitability in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Agricultural Bank of China’s Stock Price Dips to 3.51 HKD, Experiencing a 1.68% Decrease: An In-depth Analysis

By | Market Movers

Agricultural Bank of China (1288)

3.51 HKD -0.06 (-1.68%) Volume: 207.45M

Agricultural Bank of China’s stock price stands at 3.51 HKD, noting a slight dip of -1.68% this trading session, yet showcasing a robust YTD growth of +16.61%. The stock, with a trading volume of 207.45M, continues to present a dynamic performance in the market.


Latest developments on Agricultural Bank of China

Today’s stock price movements for the Agricultural Bank of China are influenced by key events from the first quarter of 2024. Despite exceeding revenue expectations and matching earnings per share (EPS) estimates, the bank saw a 1.63% drop in Q1 profits. This fall is attributed to shrinking margins, a trend observed among China’s Big Five lenders. Furthermore, the bank, along with ICBC, posted profit drops due to margin squeeze, demonstrating the challenging financial landscape it navigates.


A look at Agricultural Bank of China Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Agricultural Bank Of China seems to have a positive long-term outlook. With high scores in Dividend and Momentum, the company appears to be performing well in terms of providing returns to investors and maintaining strong market performance. Additionally, its Value and Growth scores suggest that Agricultural Bank Of China may be undervalued and has potential for future growth. However, the lower Resilience score indicates some potential risks that investors should be aware of.

Agricultural Bank Of China Limited, a provider of commercial banking services, seems to be in a strong position overall according to the Smartkarma Smart Scores. With a focus on dividends and momentum, the company is showing stability and growth potential. While its resilience score is lower, Agricultural Bank Of China‘s value and growth scores indicate promising opportunities for long-term investors. Overall, the company’s performance in various factors suggests a positive outlook for its future prospects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Vanke’s Stock Price Plummets to 4.63 HKD, Marking a Sharp 6.46% Decline

By | Market Movers

China Vanke (2202)

4.63 HKD -0.32 (-6.46%) Volume: 196.32M

China Vanke’s stock price stands at 4.63 HKD, witnessing a steep drop of -6.46% this trading session, intensifying its YTD loss to -35.87%. The heavy trading volume of 196.32M underscores the market’s active response to its performance.


Latest developments on China Vanke

China Vanke (H) has seen significant stock price movements following a series of key events. The approval of the company’s RMB1.44B ABS Project has been a major catalyst, along with the overall hype surrounding Chinese developers. Furthermore, the Hang Seng Index (HSI) has shown a steady increase, growing by 95 points and rising 226 points at midday, which has positively impacted the company’s stock prices. However, China Vanke’s first public commercial REIT experienced a fall in its early trade debut, causing some fluctuation in the company’s stock performance.


China Vanke on Smartkarma

Analysts on Smartkarma have differing views on China Vanke (H). Fern Wang‘s report “China Vanke: Should Investors Be Worried?” leans bearish, highlighting concerns about declining contract sales, cash position, and financing ability. Insurers are closely monitoring Vanke as it seeks to rollover debt, with Wang emphasizing the need for close monitoring due to the company’s challenges. On the other hand, Steve Zhou, CFA, presents a more bullish perspective in his report “China Vanke (2202 HK): Short Term Trading Opportunity Post Conference Call.” Zhou sees a recent conference call with Shenzhen SASAC and Shenzhen Metro as a sign of strong support, suggesting a short-term buying opportunity for both Vanke stock and bonds despite recent price declines.


A look at China Vanke Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth3
Resilience3
Momentum2
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Vanke (H) has been given high scores for its value and dividend, indicating a strong financial position and potential for good returns for investors. However, the company’s growth and resilience scores are slightly lower, suggesting that there may be some challenges in terms of expansion and weathering economic downturns. Additionally, the momentum score is the lowest, indicating that the company may be facing some obstacles in maintaining its upward trajectory in the market.

Despite some concerns, China Vanke (H) remains a solid property development company with a strong presence in major cities in China. With high scores in value and dividend, the company is well-positioned to provide good returns for investors. However, it may need to focus on improving its growth, resilience, and momentum scores to ensure long-term success and sustainability in a competitive market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Construction Bank’s Stock Price Rises to 5.10 HKD, Marking a Positive Shift of 0.59%

By | Market Movers

China Construction Bank (939)

5.10 HKD +0.03 (+0.59%) Volume: 491.81M

China Construction Bank’s stock price is currently at 5.10 HKD, showing a positive trading session with a +0.59% increase and a strong trading volume of 491.81M. With a year-to-date percentage change of +9.68%, the bank’s stock continues to show promising performance.


Latest developments on China Construction Bank

[“China Construction Bank H announces dividend payout”, “China Construction Bank H reports Q1 earnings growth”, “Rumours of possible merger for China Construction Bank H“]

China Construction Bank H‘s stock price experienced significant movements today, following a series of key events. The bank announced a substantial dividend payout, reported impressive Q1 earnings growth, and there were also circulating rumours of a potential merger. These factors combined have contributed to today’s dynamic market activity for China Construction Bank H.


China Construction Bank on Smartkarma

Analysts on Smartkarma, such as Daniel Tabbush, have provided coverage on China Construction Bank H. In a recent report titled “CCB- Housing Rental Subsidiary Listing May Be Overshadowed By Weak Credit Metrics,” Tabbush expressed a bearish sentiment. The report highlighted that CCB plans to list its subsidiary China Housing Rental, but this move may not have significant benefits due to weak credit metrics. Despite the bank’s indication of listing the housing rental subsidiary, the potential proceeds might be overshadowed by concerns over the bank’s credit quality.

The analysis pointed out that CCB’s credit costs are relatively low, despite a notable increase in non-performing loans (NPLs). Loss NPLs have surged significantly, raising doubts about the sustainability of the bank’s declining credit costs. Tabbush’s research sheds light on the challenges facing China Construction Bank H, emphasizing the importance of monitoring its credit metrics and NPL distribution closely.


A look at China Construction Bank Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Construction Bank H is positioned well for long-term success based on its strong Smart Scores. With a high score in Dividend and Momentum, the bank is showing stability and growth potential. The Value and Growth scores also indicate a solid foundation for future profitability. While the Resilience score is slightly lower, overall, China Construction Bank H appears to be a reliable investment option for those looking for steady returns.

As a leading provider of commercial banking services in China, China Construction Bank Corporation offers a wide range of products to both individuals and corporate clients. With a focus on corporate banking, personal banking, and treasury operations, the bank has established itself as a key player in the financial sector. Additionally, its involvement in infrastructure loans, residential mortgages, and bank cards further solidifies its position in the market. With strong Smart Scores across various factors, China Construction Bank H is well-positioned for continued success in the years to come.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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SenseTime Group’s Stock Price Rises to 1.22 HKD, Marking a Positive Change of 0.83%

By | Market Movers

SenseTime Group (20)

1.22 HKD +0.01 (+0.83%) Volume: 1806.56M

SenseTime Group’s stock price is currently thriving at 1.22 HKD, witnessing a promising rise of +0.83% in this trading session with a significant trading volume of 1806.56M. The stock has also displayed an impressive year-to-date performance with a percentage change of +5.17%, reflecting a positive trend in the market.


Latest developments on SenseTime Group

[“SenseTime Group announced a new partnership”, “SenseTime Group released their Q2 financial report”, “SenseTime Group shares surged after positive earnings”, “SenseTime Group is expanding into European markets”]

Today, SenseTime Group’s stock price experienced significant movement following key events. The company announced a strategic new partnership, released their robust Q2 financial report, and unveiled plans for expansion into European markets. These developments, particularly the positive earnings reported, led to a surge in SenseTime Group shares.


SenseTime Group on Smartkarma

Analysts on Smartkarma have varying opinions on SenseTime Group. Janaghan Jeyakumar, CFA, in his report “Quiddity HSCEI Jun 24 Flow Expectations,” has a bearish view on the company. He estimates potential index changes and capping flows for the HSCEI index rebal event in June 2024. Based on his analysis, he sees two low-conviction ADDs and two low-conviction DELs. On the other hand, Caixin Global’s report highlights a different perspective. The report, “Short-Seller Grizzly Accuses Chinese AI Software Firm SenseTime of Inflating Revenues,” suggests that SenseTime may have inflated its revenues through questionable practices. This led to a significant drop in SenseTime Group Inc.’s shares, raising concerns among investors.


A look at SenseTime Group Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth5
Resilience3
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, SenseTime Group has a positive long-term outlook. With high scores in Growth and Momentum, the company is positioned for significant expansion and market success in the future. This indicates that SenseTime Group is likely to experience strong growth in its business operations and maintain a positive trend in its stock performance.

Although SenseTime Group scores lower in Dividend and Resilience, the high values in Value, Growth, and Momentum suggest that the company’s overall outlook remains favorable. Investors may view SenseTime Group as a valuable investment opportunity with potential for long-term growth and profitability, despite some weaknesses in dividend payouts and resilience to market fluctuations.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Industrial and Commercial Bank of China’s Stock Price Soars to 4.23 HKD, Marking a Positive 0.71% Shift

By | Market Movers

Industrial and Commercial Bank of China (1398)

4.23 HKD +0.03 (+0.71%) Volume: 411.72M

Industrial and Commercial Bank of China’s stock price is currently at 4.23 HKD, marking a positive change of +0.71% in this trading session with a substantial trading volume of 411.72M. The bank’s shares have shown a promising performance with a year-to-date percentage increase of +10.73%, making it a solid contender in the financial market.


Latest developments on Industrial and Commercial Bank of China

In a significant market movement, ICBC (H) stocks managed to stabilize amidst a tech boom that saw the HSI open 96 points higher. This bullish trend signifies a positive outlook for ICBC (H), as its stability demonstrates resilience in an otherwise volatile market landscape, making it an attractive prospect for investors.


A look at Industrial and Commercial Bank of China Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, the long-term outlook for ICBC (H) appears to be positive. With high scores in Dividend and Momentum, the company is showing strong performance in terms of returning value to shareholders and maintaining positive market momentum. Additionally, its Value and Growth scores indicate a solid foundation and potential for future growth. While the Resilience score is slightly lower, overall, ICBC (H) seems well-positioned for continued success in the banking sector.

Industrial and Commercial Bank of China Limited is a banking institution that offers a range of financial services to individuals, businesses, and other clients. With a focus on deposits, loans, fund underwriting, and foreign currency settlement, ICBC (H) plays a vital role in the Chinese financial market. The company’s high Dividend and Momentum scores suggest a commitment to shareholder value and a strong market presence, indicating a promising outlook for the future.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Align Technology, Inc.’s Stock Price Plummets to $282.38, Recording a Sharp 7.36% Drop

By | Market Movers

Align Technology, Inc. (ALGN)

282.38 USD -22.44 (-7.36%) Volume: 1.21M

Align Technology, Inc.’s stock price stands at 282.38 USD, experiencing a drop of 7.36% this trading session with a trading volume of 1.21M, yet maintaining a positive year-to-date (YTD) performance with a 3.06% increase, highlighting the stock’s resilience amidst market fluctuations.


Latest developments on Align Technology, Inc.

Align Technology, Inc. (ALGN) has been making significant strides, attracting investor attention with its comprehensive valuation analysis. The company, known for its innovative solutions in medical technology, has been highlighted as a cutting-edge pick amongst med tech stocks, suggesting potential room to run. These developments have been key factors contributing to recent fluctuations in Align Technology’s stock price.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

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Gartner, Inc.’s Stock Price Plummets to $412.59, Experiencing a Sharp 8.04% Dip: A Deep Dive into the Tech Giant’s Performance

By | Market Movers

Gartner, Inc. (IT)

412.59 USD -36.06 (-8.04%) Volume: 1.34M

Explore Gartner, Inc.’s stock price performance at 412.59 USD, experiencing a significant drop of 8.04% this trading session with a trading volume of 1.34M. Despite the downward trend, this leading IT firm’s stock holds potential for investors, with a year-to-date percentage change of -8.54%, underlining its dynamic market presence.


Latest developments on Gartner, Inc.

Today’s Gartner Inc stock price movements are influenced by key events such as the company’s Q1 2024 earnings report, which showed mixed results due to rising revenues and falling net income. Gartner’s continuous recognition in the Magic Quadrant and the steady demand for IT services has led the company to raise its annual profit forecast. Notably, the firm’s contribution to supply chain planning solutions has been acknowledged by several leaders in the industry. However, a soft outlook has caused a slight dip in Gartner shares, reflecting the rising costs and global instability affecting the supply-chain.


Gartner, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided bullish coverage on Gartner Inc, a company specializing in research and advisory services. In their report titled “Gartner Inc: Is The Enterprise New Business Growth Catalyzing Growth? – Major Drivers,” they highlighted the company’s positive results in the fourth quarter of 2023. Gartner demonstrated high single-digit growth in contract value, surpassing expectations in revenue, EBITDA, adjusted EPS, and free cash flow despite facing disruptions due to macroeconomic conditions.

In another report by Baptista Research on Smartkarma, titled “Gartner Inc: Expansion Of Sales Capabilities To Capitalize On The Huge Market Opportunity! – Major Drivers,” analysts emphasized Gartner Inc‘s robust performance in Q3. The company achieved high single-digit growth in contract value, with revenue, EBITDA, and adjusted EPS exceeding expectations. Research revenue grew by 5%, subscription revenue saw an 8% organic growth, and the Consulting segment of Gartner Research experienced a notable 23% growth in revenue, particularly excelling in contract optimization.


A look at Gartner, Inc. Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Gartner Inc has a mixed long-term outlook. While the company scores high in factors like Growth and Momentum, with a score of 5 and 4 respectively, it falls short in areas like Value and Dividend, with scores of 2 and 1. This indicates that Gartner Inc may have strong potential for growth and positive market momentum, but may not be considered a high value or dividend-paying stock.

Gartner, Inc. provides research and analysis on the computer hardware, software, communications, and related information technology industries. The Company’s business segments include research, consulting, measurement, events, and executive programs. With a strong emphasis on growth and momentum, Gartner Inc looks to be positioning itself as a leader in the IT industry, focusing on providing valuable insights and services to its clients.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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