XPeng (NYSE:XPEV) Trading Up 4.8%

Shares of XPeng Inc. (NYSE:XPEV) were up 4.8% during mid-day trading on Monday . The stock traded as high as $7.72 and last traded at $7.68. Approximately 6,037,010 shares were traded during trading, a decline of 55% from the average daily volume of 13,470,348 shares. The stock had previously closed at $7.33.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on XPEV shares. Daiwa America upgraded XPeng to a “strong-buy” rating in a research note on Thursday, May 23rd. Macquarie started coverage on shares of XPeng in a research note on Monday, April 15th. They set a “neutral” rating and a $7.00 price objective for the company. Daiwa Capital Markets raised shares of XPeng from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, May 23rd. Finally, Citigroup raised shares of XPeng from a “sell” rating to a “neutral” rating and upped their price target for the stock from $7.70 to $8.30 in a research report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, XPeng presently has a consensus rating of “Hold” and an average price target of $16.28.

XPeng Price Performance

The company’s fifty day moving average is $8.00 and its two-hundred day moving average is $9.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.32 and a current ratio of 1.50. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of -5.19 and a beta of 2.76.

XPeng (NYSE:XPEV) last issued its quarterly earnings data on Tuesday, May 21st. The company reported ($0.20) EPS for the quarter. XPeng had a negative return on equity of 28.16% and a negative net margin of 28.16%. The company had revenue of $906.90 million for the quarter. Equities research analysts forecast that XPeng Inc. will post -0.96 EPS for the current year.

Institutional Investors Weigh In On XPeng

Large investors have recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA increased its position in shares of XPeng by 322.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock worth $28,000 after purchasing an additional 1,450 shares during the last quarter. Natixis acquired a new stake in XPeng during the first quarter valued at approximately $38,000. Scarborough Advisors LLC bought a new position in XPeng during the 4th quarter worth approximately $52,000. Rakuten Securities Inc. acquired a new position in shares of XPeng in the 4th quarter worth approximately $59,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of XPeng in the 4th quarter valued at approximately $102,000. 23.05% of the stock is owned by institutional investors and hedge funds.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) 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, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.