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

XPENG Inc. Sponsored ADR (NYSE:XPEV) shares reached a new 52-week low on Wednesday . The company traded as low as $11.73 and last traded at $11.7650, with a volume of 5423440 shares traded. The stock had previously closed at $12.05.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XPEV. Wall Street Zen cut shares of XPENG from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Barclays dropped their target price on shares of XPENG from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, July 16th. Bank of America reiterated a “buy” rating on shares of XPENG in a research note on Thursday, May 28th. Jefferies Financial Group restated a “buy” rating and issued a $25.20 price objective on shares of XPENG in a research report on Friday, May 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a research note on Friday, July 17th. 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, the stock currently has an average rating of “Hold” and an average price target of $25.40.

XPENG Stock Up 3.9%

The company has a market capitalization of $11.59 billion, a PE ratio of -35.70 and a beta of 1.13. The company’s 50 day moving average is $13.69 and its two-hundred day moving average is $16.15. 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 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 firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%. On average, analysts anticipate that XPENG Inc. Sponsored ADR will post -0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XPEV. Royal Bank of Canada raised its holdings in shares of XPENG by 33.6% in the first quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock worth $490,000 after buying an additional 5,945 shares during the period. Ameriprise Financial Inc. boosted its holdings in XPENG by 29.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after acquiring an additional 28,983 shares during the period. Parallel Advisors LLC grew its position in 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 acquiring an additional 964 shares during the last quarter. Farther Finance Advisors LLC grew its position in XPENG by 161.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after acquiring an additional 1,582 shares during the last quarter. Finally, Kickstand Ventures LLC. purchased a new stake in XPENG in the fourth quarter worth $202,000. Hedge funds and other 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.