XPENG (NYSE:XPEV) Sets New 12-Month Low – What’s Next?

XPENG Inc. Sponsored ADR (NYSE:XPEV)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $15.05 and last traded at $15.0060, with a volume of 1258147 shares changing hands. The stock had previously closed at $15.62.

Analysts Set New Price Targets

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

XPENG Price Performance

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 business’s fifty day moving average price is $17.44 and its 200-day moving average price is $19.15. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of -88.43 and a beta of 1.13.

XPENG (NYSE:XPEV) last issued its quarterly earnings results on Sunday, February 15th. The company reported $0.04 EPS for the quarter. The business had revenue of $3.18 billion for the quarter. XPENG had a negative return on equity of 3.71% and a negative net margin of 1.46%. On average, research analysts forecast that XPENG Inc. Sponsored ADR will post -0.28 EPS for the current year.

Institutional Trading of XPENG

Several hedge funds and other institutional investors have recently modified their holdings of XPEV. Farther Finance Advisors LLC raised its position 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 during the period. EverSource Wealth Advisors LLC increased its holdings in XPENG by 16.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after acquiring an additional 389 shares during the period. Kickstand Ventures LLC. bought a new stake in XPENG during the 4th quarter worth approximately $202,000. Parallel Advisors LLC increased its holdings in XPENG by 6.0% during the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after acquiring an additional 584 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of XPENG by 66.3% during the 1st quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock valued at $282,000 after acquiring an additional 6,571 shares during the last quarter. 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.