XPENG (NYSE:XPEV) Hits New 12-Month Low – Time to Sell?

XPENG Inc. Sponsored ADR (NYSE:XPEV) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.70 and last traded at $12.7590, with a volume of 370121 shares trading hands. The stock had previously closed at $13.35.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on XPEV. Wall Street Zen downgraded XPENG from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a research report on Monday, April 20th. Bank of America reissued a “buy” rating on shares of XPENG in a report on Thursday, May 28th. Barclays dropped their target price on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Tuesday, March 24th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $25.20 target price on shares of XPENG in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.51.

XPENG Stock Performance

The business has a 50 day moving average of $15.99 and a 200 day moving average of $17.78. The company has a market capitalization of $12.12 billion, a P/E ratio of -37.47 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 released its quarterly earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.87 billion. XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. On average, sell-side analysts predict that XPENG Inc. Sponsored ADR will post -0.35 earnings per share for the current year.

Institutional Investors Weigh In On XPENG

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in XPENG by 161.4% during 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 last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of XPENG by 16.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after buying an additional 389 shares during the last quarter. Parallel Advisors LLC raised its position in shares of XPENG by 11.0% during the 3rd quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock valued at $227,000 after buying an additional 964 shares in the last quarter. Kickstand Ventures LLC. purchased a new stake in shares of XPENG during the 4th quarter valued at about $202,000. Finally, BNP Paribas bought a new position in shares of XPENG in the 3rd quarter valued at about $345,000. Institutional investors own 21.09% of the company’s stock.

XPENG Company Profile

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.