In yesterday’s Wall Street session, XPeng Inc ADR (NYSE:XPEV) shares traded at $17.00, up 8.56% from the previous session.
XPEV stock price is now 2.81% away from the 50-day moving average and 31.27% away from the 200-day moving average. The market capitalization of the company currently stands at $12.20B.
With the price target maintained at $22, BofA Securities recently Upgraded its rating from Neutral to Buy for XPeng Inc ADR (NYSE: XPEV).
A total of 2.68% of the company’s stock is owned by insiders.
Tuesday morning saw XPeng Inc ADR (NYSE: XPEV) opened at $16.54. During the past 12 months, XPeng Inc ADR has had a low of $6.82 and a high of $23.62. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.72, and a quick ratio of 1.57. The fifty day moving average price for XPEV is $16.54 and a two-hundred day moving average price translates $12.95 for the stock.
The latest earnings results from XPeng Inc ADR (NYSE: XPEV) was released for Jun, 2023. According to the Auto Manufacturers Company, earnings per share came in at -$0.44, missing analysts’ expectations of -$0.32 by -0.12. This compares to -$0.47 EPS in the same period last year. The net profit margin was -46.87% and return on equity was -27.12% for XPEV. The company reported revenue of $698.18 million for the quarter, compared to $1.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -37.11 percent. For the current quarter, analysts expect XPEV to generate $1.19B in revenue.
XPeng Inc ADR(XPEV) Company Profile
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles (EV) 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. has a strategic partnership with DiDi Global Inc. to enhance the adoption of smart EVs and technologies. The company was founded in 2015 and is headquartered in Guangzhou, the People’s Republic of China.