The stock of XPeng Inc. (NYSE:XPEV) last traded at $17.73, down -5.19% from the previous session.
Data from the available sources indicates that XPeng Inc. (NYSE:XPEV) is covered by 42 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $200.11 and a low of $17.99, we find $105.24. Given the previous closing price of $18.70, this indicates a potential upside of 462.78 percent. XPEV stock price is now 34.63% away from the 50-day moving average and 71.09% away from the 200-day moving average. The market capitalization of the company currently stands at $16.37B.
In total, 10 analysts have assigned it a hold rating, and 24 have given it a buy rating. Brokers who have rated the stock have averaged $105.67 as their price target over the next twelve months.
With the price target maintained at $24, CLSA recently Upgraded its rating from Outperform to Buy for XPeng Inc. (NYSE: XPEV).
A total of 1.28% 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 ELECTRON CAPITAL PARTNERS, LLC during the first quarter worth $40,823,000. TWO SIGMA INVESTMENTS, LP invested $33,605,000 in shares of XPEV during the first quarter. In the first quarter, LMR PARTNERS LLP acquired a new stake in XPeng Inc. valued at approximately $7,840,000. ARDMORE ROAD ASSET MANAGEMENT LP acquired a new stake in XPEV for approximately $6,722,000. HEL VED CAPITAL MANAGEMENT LTD purchased a new stake in XPEV valued at around $6,386,000 in the second quarter. In total, there are 317 active investors with 33.10% ownership of the company’s stock.
With an opening price of $17.92 on Tuesday morning, XPeng Inc. (NYSE: XPEV) set off the trading day. During the past 12 months, XPeng Inc. has had a low of $6.18 and a high of $25.91. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 1.70, and a quick ratio of 1.50. The fifty day moving average price for XPEV is $13.36 and a two-hundred day moving average price translates $10.41 for the stock.
The latest earnings results from XPeng Inc. (NYSE: XPEV) was released for Mar, 2023. According to the Auto Manufacturers Company, earnings per share came in at -$0.38, missing analysts’ expectations of -$0.26 by -0.12. This compares to -$0.32 EPS in the same period last year. The net profit margin was -41.70% and return on equity was -25.90% for XPEV. The company reported revenue of $587.31 million for the quarter, compared to $1.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -50.06 percent. For the current quarter, analysts expect XPEV to generate $701.5M in revenue.
XPeng Inc.(XPEV) Company Profile
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People’s Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services. In addition, it offers advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems, including powertrain and the electrical and electronic architecture. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People’s Republic of China.
