XPENG (NYSE:XPEV) Sets New 52-Week Low – What’s Next?

XPENG Inc. Sponsored ADR (NYSE:XPEV) hit a new 52-week low during mid-day trading 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.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XPEV. Wall Street Zen lowered shares of XPENG from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Jefferies Financial Group reissued a “buy” rating and set a $25.20 price objective on shares of XPENG in a research note on Friday, May 29th. Bank of America reissued a “buy” rating on shares of XPENG in a research note on Thursday, May 28th. Barclays reduced their price objective on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 24th. Finally, BNP Paribas Exane lowered shares of XPENG from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 22nd. Two equities research 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 has a consensus rating of “Hold” and a consensus price target of $25.36.

XPENG Stock Down 3.4%

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

XPENG (NYSE:XPEV) last released its earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.16). XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. On average, sell-side analysts predict that XPENG Inc. Sponsored ADR will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPENG

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its position in XPENG by 161.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after purchasing an additional 1,582 shares during the period. EverSource Wealth Advisors LLC raised its stake in XPENG by 16.9% in the third 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 in the last quarter. Kickstand Ventures LLC. acquired a new position in XPENG in the fourth quarter valued at about $202,000. Parallel Advisors LLC raised its stake in XPENG by 6.0% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after purchasing an additional 584 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in XPENG by 66.3% in the first quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock valued at $282,000 after purchasing an additional 6,571 shares in the last quarter. 21.09% of the stock is owned by institutional investors.

About XPENG

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.