2024-06-25 05:15:23 ET
Summary
- XPEL stock has dropped 52% since September 2023 due to the unfavorable monetary environment for the automotive industry.
- The recent earnings report was disappointing, with significant revenue and EPS misses, as well as a substantial guidance downgrade from management.
- Despite the drop in stock price, XPEL still appears overvalued from both valuation ratios and the discounted cash flow model perspectives.
Investment thesis
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For further details see:
XPEL: Headwinds And Valuation Make It A Sell (Ratings Downgrade)