XPeng Inc. (NYSE:XPEV) shares traded -10.98% lower at $8.03 on Wall Street last session.
In accordance with the data, 35 analysts cover XPeng Inc. (NYSE:XPEV). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $308.72 and a low of $22.94, we find $135.26. Given the previous closing price of $9.02, this indicates a potential upside of 1399.56 percent. XPEV stock price is now -24.87% away from the 50-day moving average and -64.93% away from the 200-day moving average. The market capitalization of the company currently stands at $5.74B.
It has been rated a hold by 6 analysts and a buy by 25. Brokers who have rated the stock have averaged $148.17 as their price target over the next twelve months.
With the price target maintained at $3.18, Citigroup recently Downgraded its rating from Buy to Sell for XPeng Inc. (NYSE: XPEV). On August 24, 2022, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $30 to quote $22, while ‘Macquarie’ rates the stock as ‘Neutral’.
A total of 1.01% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in XPEV stock. A new stake in XPeng Inc. shares was purchased by VOLORIDGE INVESTMENT MANAGEMENT, LLC during the first quarter worth $20,365,000. TWO SIGMA ADVISERS, LP invested $11,055,000 in shares of XPEV during the first quarter. In the first quarter, GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in XPeng Inc. valued at approximately $4,146,000. GMT CAPITAL CORP acquired a new stake in XPEV for approximately $2,501,000. HRT FINANCIAL LP purchased a new stake in XPEV valued at around $2,434,000 in the second quarter.
XPeng Inc. (NYSE: XPEV) opened at $8.67 on Wednesday. During the past 12 months, XPeng Inc. has had a low of $6.18 and a high of $56.45. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 2.00, and a quick ratio of 1.80.
The net profit margin was -25.00% and return on equity was -17.50% for XPEV. The company reported revenue of $1.11 billion for the quarter, compared to $582.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 90.58 percent.