XPENG (NYSE:XPEV) Reaches New 12-Month Low – What’s Next?

XPENG Inc. Sponsored ADR (NYSE:XPEV)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $15.51 and last traded at $15.4410, with a volume of 2201651 shares changing hands. The stock had previously closed at $16.99.

Analyst Ratings Changes

XPEV has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of XPENG in a research note on Wednesday, January 21st. Morgan Stanley reiterated a “reduce” rating on shares of XPENG in a research report on Monday, December 29th. Citigroup reissued a “buy” rating on shares of XPENG in a research note on Friday, February 6th. Loop Capital set a $25.00 price target on shares of XPENG in a research note on Tuesday, January 6th. Finally, Barclays set a $17.00 price objective on XPENG in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.78.

XPENG Price Performance

The stock’s 50-day moving average price is $18.87 and its 200 day moving average price is $20.69. The company has a quick ratio of 0.95, a current ratio of 1.12 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of -38.45, a PEG ratio of 16.49 and a beta of 1.21.

Institutional Investors Weigh In On XPENG

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in XPENG by 33.6% during 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 in the last quarter. SBI Securities Co. Ltd. increased its stake in shares of XPENG by 3.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 17,613 shares of the company’s stock worth $315,000 after acquiring an additional 655 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of XPENG by 228.7% during the 2nd quarter. Marshall Wace LLP now owns 1,639,403 shares of the company’s stock worth $29,313,000 after acquiring an additional 1,140,593 shares during the period. Ameriprise Financial Inc. boosted its position in shares of 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 last quarter. Finally, Greenleaf Trust grew its holdings in shares of XPENG by 4.7% in the third quarter. Greenleaf Trust now owns 17,005 shares of the company’s stock valued at $398,000 after purchasing an additional 770 shares during the period. 21.09% of the stock is currently owned by hedge funds and other 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.