XPENG (NYSE:XPEV) Hits New 52-Week Low – Here’s What Happened

XPENG Inc. Sponsored ADR (NYSE:XPEVGet Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $15.05 and last traded at $15.0060, with a volume of 1258147 shares. The stock had previously closed at $15.62.

More XPENG News

Here are the key news stories impacting XPENG this week:

Analyst Upgrades and Downgrades

A number of research firms have commented on XPEV. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a research note on Monday, April 20th. Barclays decreased their target price on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 24th. Citigroup reiterated a “buy” rating on shares of XPENG in a research report on Friday, February 6th. BNP Paribas Exane cut shares of XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of XPENG from a “sell” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.74.

View Our Latest Report on XPEV

XPENG Stock Performance

The stock has a market cap of $14.19 billion, a P/E ratio of -87.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.91. The firm’s 50-day moving average price is $17.37 and its 200-day moving average price is $19.04.

XPENG (NYSE:XPEVGet Free Report) last released its quarterly earnings data on Sunday, February 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $3.18 billion for the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.71%. Sell-side analysts expect that XPENG Inc. Sponsored ADR will post -0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its holdings in shares of XPENG by 161.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after purchasing an additional 1,582 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of XPENG by 16.9% in the third 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 in the last quarter. Kickstand Ventures LLC. purchased a new position in shares of XPENG in the fourth quarter valued at $202,000. Parallel Advisors LLC grew its holdings in shares of XPENG by 6.0% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after purchasing an additional 584 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of XPENG by 66.3% in the first quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock valued at $282,000 after purchasing an additional 6,571 shares in the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.

XPENG Company Profile

(Get Free Report)

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.

Further Reading

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