XPENG (NYSE:XPEV) Sets New 12-Month Low – Here’s What Happened

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

Wall Street Analyst Weigh In

XPEV has been the topic of several research reports. Barclays dropped their price target on shares of XPENG from $16.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, July 16th. Bank of America reaffirmed a “buy” rating on shares of XPENG in a research note on Thursday, May 28th. Jefferies Financial Group reiterated a “buy” rating and issued a $25.20 target price on shares of XPENG in a report on Friday, May 29th. BNP Paribas Exane lowered shares of XPENG from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen cut shares of XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.40.

XPENG Stock Down 2.3%

The business has a 50-day moving average price of $13.88 and a 200-day moving average price of $16.28. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of -34.63 and a beta of 1.13. 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 quarterly earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. As a group, equities analysts anticipate that XPENG Inc. Sponsored ADR will post -0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of XPENG by 161.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after acquiring an additional 1,582 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in XPENG by 45.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock worth $79,000 after purchasing an additional 1,212 shares during the period. Parallel Advisors LLC boosted its stake in XPENG by 11.0% in the 3rd quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock worth $227,000 after purchasing an additional 964 shares during the period. Kickstand Ventures LLC. purchased a new position in XPENG during the 4th quarter worth approximately $202,000. Finally, BNP Paribas grew its position in XPENG by 10.8% during the 4th quarter. BNP Paribas now owns 16,350 shares of the company’s stock worth $332,000 after purchasing an additional 1,600 shares in the last quarter. 21.09% of the stock is currently owned by institutional investors and hedge funds.

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.