XPeng (NYSE:XPEV) Hits New 12-Month Low at $7.12

XPeng Inc. (NYSE:XPEV) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.12 and last traded at $7.16, with a volume of 6521375 shares. The stock had previously closed at $7.46.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on XPEV shares. Macquarie started coverage on shares of XPeng in a report on Monday. They set a “neutral” rating and a $7.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.48.

XPeng Stock Performance

The firm has a market capitalization of $7.06 billion, a P/E ratio of -4.25 and a beta of 2.93. The stock has a 50-day moving average of $8.74 and a 200 day moving average of $12.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.51.

XPeng (NYSE:XPEV) last announced its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) EPS for the quarter. The firm had revenue of $1.84 billion during the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. On average, research analysts anticipate that XPeng Inc. will post -1.25 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. XY Capital Ltd boosted its position in shares of XPeng by 554.5% in the 3rd quarter. XY Capital Ltd now owns 327,229 shares of the company’s stock worth $6,008,000 after purchasing an additional 277,229 shares during the last quarter. NINE MASTS CAPITAL Ltd raised its stake in XPeng by 1,765.6% during the 3rd quarter. NINE MASTS CAPITAL Ltd now owns 342,665 shares of the company’s stock worth $6,122,000 after buying an additional 324,297 shares during the period. RWC Asset Management LLP acquired a new stake in XPeng during the 3rd quarter worth $8,291,000. Ballentine Partners LLC raised its stake in XPeng by 14.6% during the 4th quarter. Ballentine Partners LLC now owns 13,557 shares of the company’s stock worth $198,000 after buying an additional 1,729 shares during the period. Finally, Mariner LLC raised its stake in XPeng by 37.5% during the 3rd quarter. Mariner LLC now owns 25,141 shares of the company’s stock worth $462,000 after buying an additional 6,858 shares during the period. 23.05% of the stock is currently owned by institutional investors.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.