XPENG (NYSE:XPEV) Sets New 1-Year Low – Time to Sell?

XPENG Inc. Sponsored ADR (NYSE:XPEV) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.52 and last traded at $11.5750, with a volume of 1040868 shares trading hands. The stock had previously closed at $11.75.

Analyst Ratings Changes

Several research firms recently commented on XPEV. Barclays reduced their price target on shares of XPENG from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, July 16th. Bank of America reaffirmed a “buy” rating on shares of XPENG in a research report on Thursday, May 28th. Wall Street Zen lowered XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Jefferies Financial Group reissued a “buy” rating and issued a $25.20 price objective on shares of XPENG in a research note on Friday, May 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned 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 target price of $25.40.

XPENG Stock Performance

The firm’s fifty day moving average price is $13.26 and its 200 day moving average price is $15.91. The firm has a market cap of $11.12 billion, a P/E ratio of -34.25 and a beta of 1.13. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.14.

XPENG (NYSE:XPEV) last released 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 for the quarter, compared to the consensus estimate of $1.87 billion. XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. Sell-side analysts expect that XPENG Inc. Sponsored ADR will post -0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On XPENG

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC increased its stake in shares of XPENG by 6.0% during the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after acquiring an additional 584 shares during the period. Valeo Financial Advisors LLC boosted its stake in XPENG by 0.3% during the second quarter. Valeo Financial Advisors LLC now owns 387,230 shares of the company’s stock valued at $5,127,000 after buying an additional 1,052 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in XPENG by 7.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 16,535 shares of the company’s stock worth $335,000 after acquiring an additional 1,186 shares during the period. EverSource Wealth Advisors LLC grew its holdings in XPENG by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock worth $79,000 after acquiring an additional 1,212 shares during the period. Finally, Farther Finance Advisors LLC raised its position in XPENG by 161.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after acquiring an additional 1,582 shares in the last quarter. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

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.