XPENG (NYSE:XPEV) Hits New 52-Week Low – What’s Next?

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Bank of America restated a “buy” rating on shares of XPENG in a research report on Thursday, May 28th. Wall Street Zen downgraded XPENG from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Jefferies Financial Group restated a “buy” rating and set a $25.20 price target on shares of XPENG in a report on Friday, May 29th. BNP Paribas Exane downgraded XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.51.

XPENG Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $12.12 billion, a PE ratio of -37.47 and a beta of 1.12. The stock’s 50-day moving average is $15.99 and its two-hundred day moving average is $17.78.

XPENG (NYSE:XPEV) last announced its earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The business 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, equities analysts predict that XPENG Inc. Sponsored ADR will post -0.35 EPS for the current year.

Hedge Funds Weigh In On XPENG

Large investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its stake in XPENG by 25.0% in the first quarter. Parallel Advisors LLC now owns 12,871 shares of the company’s stock worth $220,000 after purchasing an additional 2,578 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of XPENG by 54.5% during the first quarter. EverSource Wealth Advisors LLC now owns 6,035 shares of the company’s stock valued at $103,000 after purchasing an additional 2,129 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of XPENG by 66.3% in the first quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock worth $282,000 after purchasing an additional 6,571 shares during the last quarter. BNP Paribas grew its holdings in shares of XPENG by 10.8% in the fourth quarter. BNP Paribas now owns 16,350 shares of the company’s stock worth $332,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Abacus Wealth Partners LLC purchased a new position in XPENG in the 4th quarter worth about $1,060,000. Hedge funds and other 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.