XPENG (NYSE:XPEV) Sees Unusually-High Trading Volume – Should You Buy?
by Teresa Graham · The Cerbat GemShares of XPENG Inc. Sponsored ADR (NYSE:XPEV – Get Free Report) saw an uptick in trading volume on Monday . 8,284,137 shares changed hands during trading, an increase of 21% from the previous session’s volume of 6,837,947 shares.The stock last traded at $16.25 and had previously closed at $17.98.
Wall Street Analysts Forecast Growth
XPEV has been the topic of several recent research reports. Morgan Stanley reiterated a “reduce” rating on shares of XPENG in a report on Monday, December 29th. Daiwa Capital Markets raised XPENG from a “neutral” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a research note on Wednesday, January 21st. Macquarie set a $26.00 price target on XPENG and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Finally, Loop Capital set a $25.00 price objective on XPENG in a research report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $25.42.
View Our Latest Research Report on XPEV
XPENG Trading Down 8.1%
The business’s fifty day moving average price is $19.97 and its 200 day moving average price is $20.97. The firm has a market capitalization of $15.68 billion, a PE ratio of -39.42, a P/E/G ratio of 2.86 and a beta of 1.16. The company has a quick ratio of 0.95, a current ratio of 1.12 and a debt-to-equity ratio of 0.24.
XPENG (NYSE:XPEV – Get Free Report) last posted its quarterly earnings results on Monday, November 17th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.41. XPENG had a negative return on equity of 9.25% and a negative net margin of 4.02%.The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $20.48 billion. As a group, analysts expect that XPENG Inc. Sponsored ADR will post -0.96 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in shares of XPENG by 16.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock valued at $63,000 after purchasing an additional 389 shares during the period. SBI Securities Co. Ltd. grew its position in XPENG by 3.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 17,613 shares of the company’s stock worth $315,000 after acquiring an additional 655 shares during the last quarter. Greenleaf Trust increased its stake in shares of XPENG by 4.7% in the 3rd quarter. Greenleaf Trust now owns 17,005 shares of the company’s stock worth $398,000 after acquiring an additional 770 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of XPENG by 11.0% during the third quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock valued at $227,000 after purchasing an additional 964 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of XPENG by 161.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after acquiring an additional 1,582 shares during the last quarter. 21.09% of the stock is owned by institutional investors.
XPENG Company Profile
XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.
Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.