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

XPENG Inc. Sponsored ADR (NYSE:XPEV)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $10.26 and last traded at $10.2650, with a volume of 1302370 shares. The stock had previously closed at $10.71.

Analyst Ratings Changes

Several equities analysts recently issued reports on XPEV shares. JPMorgan Chase & Co. cut their target price on XPENG from $27.00 to $24.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 25th. Barclays lowered their price target on XPENG from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Tuesday, August 25th. Bank of America reiterated a “buy” rating on shares of XPENG in a research note on Thursday, May 28th. UBS Group initiated coverage on XPENG in a report on Wednesday, September 9th. They issued a “neutral” rating and a $12.00 price objective on the stock. Finally, Jefferies Financial Group restated a “buy” rating and issued a $25.20 price objective on shares of XPENG in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.65.

XPENG Price Performance

The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $11.99 and its two-hundred day moving average price is $14.74. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of -21.51 and a beta of 1.11.

Institutional Investors Weigh In On XPENG

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPEV. DNB Asset Management AS purchased a new stake in shares of XPENG in the fourth quarter worth about $2,325,000. Nykredit A S purchased a new position in XPENG during the second quarter valued at approximately $825,000. Integrated Wealth Concepts LLC acquired a new position in XPENG in the second quarter valued at approximately $81,000. TD Waterhouse Canada Inc. lifted its holdings in XPENG by 91.4% in the second quarter. TD Waterhouse Canada Inc. now owns 6,680 shares of the company’s stock valued at $91,000 after acquiring an additional 3,190 shares during the period. Finally, Greenleaf Trust boosted its position in XPENG by 18.3% in the 2nd quarter. Greenleaf Trust now owns 19,075 shares of the company’s stock worth $253,000 after purchasing an additional 2,948 shares in the last quarter. 21.09% of the stock is owned by institutional investors and hedge funds.

XPENG Company Profile

XPeng Inc (NYSE: XPEV) is a Chinese smart electric vehicle manufacturer that designs, develops, manufactures and markets battery-powered passenger vehicles. The company combines vehicle engineering with software, connectivity and advanced driver-assistance technologies to provide digitally integrated driving experiences.

XPeng’s product portfolio has included electric sedans, sport utility vehicles and multi-purpose vehicles, including the P7 sedan, G6 and G9 SUVs, and X9 MPV. Its technology offerings include the XNGP advanced driver-assistance system, in-vehicle operating systems and related smart-cockpit features.