XPeng (XPEV:NYE), a Chinese electric vehicle manufacturer, is set to announce its Q4 earnings results before the market opens on March 17th. According to analysts, the company is expected to post a loss per share of $0.05 for the quarter.
Xpeng Stock Price Analysis:
Xpeng stock opened at $8.29 on Friday, with a market capitalization of $7.09 billion. The firm has a quick ratio of 1.70, a current ratio of 1.89, and a debt-to-equity ratio of 0.10.
Over the past year, XPeng’s shares have traded between a low of $6.18 and a high of $35.35. As of Friday, the stock has a PE ratio of -5.84 and a beta of 2.82. Its 50-day moving average is $9.74, and its 200-day moving average is $10.74.
Hedge Funds & Institutional Holdings:
Institutional investors have recently adjusted their holdings of XPeng stock, with Captrust Financial Advisors increasing its position in the company’s shares by 50.0% during Q1.
Carolinas Wealth Consulting LLC and US Bancorp DE also increased their positions, while 1832 Asset Management L.P. and Engineers Gate Manager LP both acquired new positions in the firm. Institutional investors and hedge funds now own 24.87% of XPeng stock.
Xpeng Stock-Analyst Ratings:
Several equities research analysts have shared their opinions on XPeng stock. Bank of America lowered its rating from “buy” to “neutral,” while HSBC downgraded it from “buy” to “hold.”
Jefferies Financial Group downgraded it from “hold” to “underperform,” and China Renaissance lowered its rating from “buy” to “hold,” as well as cutting its price target for XPeng stock from $40.50 to $11.30. The company currently has an average target price of $9.51, according to Stock Target Advisor.
Despite the rating downgrades, Wall Street analysts are still forecasting growth for XPeng. As investors await the Q4 earnings report, the electric vehicle market remains strong, and XPeng’s earnings announcement may provide insights into the company’s future potential.
Company Profile:
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People’s Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name.
The company also provides sales contracts, maintenance, supercharging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People’s Republic of China.
