XPENG (NYSE:XPEV) Reaches New 1-Year Low – What’s Next?

XPENG Inc. Sponsored ADR (NYSE:XPEV)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $13.75 and last traded at $13.8350, with a volume of 9179972 shares traded. The stock had previously closed at $14.49.

Analyst Ratings Changes

Several analysts have issued reports on XPEV shares. Wall Street Zen cut XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Barclays lowered their price target on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th. Jefferies Financial Group restated a “buy” rating and set a $25.20 price objective on shares of XPENG in a research report on Friday, May 29th. Finally, Bank of America reaffirmed a “buy” rating on shares of XPENG in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.51.

XPENG Trading Down 1.7%

The business’s 50-day simple moving average is $16.16 and its two-hundred day simple moving average is $17.88. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of -38.84 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.48.

XPENG (NYSE:XPEV) last issued its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%. Equities analysts forecast that XPENG Inc. Sponsored ADR will post -0.35 earnings per share for the current year.

Institutional Investors Weigh In On XPENG

A number of institutional investors have recently modified their holdings of XPEV. Royal Bank of Canada lifted its stake in XPENG by 33.6% during the 1st quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock worth $490,000 after acquiring an additional 5,945 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in XPENG by 29.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after acquiring an additional 28,983 shares during the period. EverSource Wealth Advisors LLC grew its position in 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 acquiring an additional 389 shares in the last quarter. Parallel Advisors LLC grew its position in XPENG by 11.0% in the 3rd quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock valued at $227,000 after acquiring an additional 964 shares in the last quarter. Finally, BNP Paribas purchased a new stake in XPENG during the third quarter worth about $345,000. 21.09% of the stock is owned by institutional investors and hedge funds.

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.