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

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.26 and last traded at $10.2650, with a volume of 1302370 shares trading hands. The stock had previously closed at $10.71.

Analysts Set New Price Targets

A number of analysts have commented on XPEV shares. UBS Group initiated coverage on XPENG in a report on Wednesday, September 9th. They issued a “neutral” rating and a $12.00 target price for the company. Weiss Ratings cut XPENG from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. Wall Street Zen lowered XPENG from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Bank of America restated a “buy” rating on shares of XPENG in a research note on Thursday, May 28th. Finally, Barclays reduced their price target on shares of XPENG from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, five have assigned 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.com, the company has an average rating of “Hold” and an average price target of $23.65.

XPENG Stock Performance

The company has a market cap of $9.72 billion, a PE ratio of -21.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 0.86. The business has a 50-day moving average of $12.11 and a 200 day moving average of $14.85.

Institutional Investors Weigh In On XPENG

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC boosted its position in shares of XPENG by 0.3% in the second quarter. Valeo Financial Advisors LLC now owns 387,230 shares of the company’s stock worth $5,127,000 after purchasing an additional 1,052 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of XPENG by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock valued at $79,000 after purchasing an additional 1,212 shares during the period. BNP Paribas lifted its stake in shares of XPENG by 10.8% during the 4th quarter. BNP Paribas now owns 16,350 shares of the company’s stock valued at $332,000 after buying an additional 1,600 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of XPENG by 25.0% during the 1st quarter. Parallel Advisors LLC now owns 12,871 shares of the company’s stock valued at $220,000 after buying an additional 2,578 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in shares of XPENG by 18.3% during the 2nd quarter. Greenleaf Trust now owns 19,075 shares of the company’s stock valued at $253,000 after buying an additional 2,948 shares in the last quarter. Institutional investors own 21.09% of the company’s stock.

About XPENG

XPeng Inc (NYSE: XPEV) is a Chinese smart electric vehicle manufacturer that designs, develops, manufactures and markets battery-powered passenger vehicles. The company combines vehicle engineering with software, connectivity and advanced driver-assistance technologies to provide digitally integrated driving experiences.

XPeng’s product portfolio has included electric sedans, sport utility vehicles and multi-purpose vehicles, including the P7 sedan, G6 and G9 SUVs, and X9 MPV. Its technology offerings include the XNGP advanced driver-assistance system, in-vehicle operating systems and related smart-cockpit features.