XPENG (NYSE:XPEV) Hits New 1-Year Low – Should You Sell?

XPENG Inc. Sponsored ADR (NYSE:XPEV) shares hit a new 52-week low on Tuesday . The company traded as low as $15.51 and last traded at $15.4410, with a volume of 2201651 shares. The stock had previously closed at $16.99.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Daiwa Securities Group raised XPENG from a “neutral” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, November 18th. Macquarie Infrastructure set a $26.00 price target on XPENG and gave the company an “outperform” rating in a report on Thursday, January 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a research note on Wednesday, January 21st. Citigroup restated a “buy” rating on shares of XPENG in a research note on Friday, February 6th. Finally, Barclays set a $17.00 target price on shares of XPENG in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.78.

XPENG Price Performance

The firm has a fifty day moving average of $19.01 and a 200 day moving average of $20.75. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $14.92 billion, a P/E ratio of -37.43, a P/E/G ratio of 18.24 and a beta of 1.21.

Institutional Trading of XPENG

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in XPENG by 16.9% in the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after purchasing an additional 389 shares during the last quarter. Parallel Advisors LLC boosted 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 worth $209,000 after buying an additional 584 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in XPENG by 3.9% during the second quarter. SBI Securities Co. Ltd. now owns 17,613 shares of the company’s stock valued at $315,000 after buying an additional 655 shares during the last quarter. Greenleaf Trust raised its position in XPENG by 4.7% in the third quarter. Greenleaf Trust now owns 17,005 shares of the company’s stock worth $398,000 after acquiring an additional 770 shares during the period. Finally, Farther Finance Advisors LLC raised its position in XPENG by 161.4% in the fourth 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 period. Hedge funds and other institutional investors own 21.09% of the company’s stock.

About XPENG

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.