XPENG (NYSE:XPEV) Reaches New 1-Year Low – Here’s Why

XPENG Inc. Sponsored ADR (NYSE:XPEV)’s share price reached a new 52-week low on Thursday . The stock traded as low as $14.42 and last traded at $14.07, with a volume of 613348 shares trading hands. The stock had previously closed at $14.86.

Analyst Upgrades and Downgrades

XPEV has been the subject of several recent research reports. BNP Paribas Exane downgraded shares of XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings reissued 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 research report on Thursday, May 28th. Wall Street Zen downgraded shares of XPENG from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Barclays decreased their price objective on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.36.

XPENG Trading Down 3.4%

The company has a market cap of $13.62 billion, a price-to-earnings ratio of -42.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.14. The business’s 50 day moving average price is $16.58 and its 200-day moving average price is $18.19.

XPENG (NYSE:XPEV) last announced its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. On average, research analysts forecast that XPENG Inc. Sponsored ADR will post -0.35 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of XPEV. Royal Bank of Canada boosted its stake in shares of XPENG by 33.6% in the 1st quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock valued at $490,000 after purchasing an additional 5,945 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of XPENG by 29.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after purchasing an additional 28,983 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 valued at $63,000 after purchasing an additional 389 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of XPENG by 11.0% in the 3rd quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock valued at $227,000 after purchasing an additional 964 shares during the last quarter. 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.