XPeng (NYSE:XPEV) Sets New 1-Year Low at $7.12

XPeng Inc. (NYSE:XPEV) hit a new 52-week low during trading on Monday . The company traded as low as $7.12 and last traded at $7.16, with a volume of 6521375 shares trading hands. The stock had previously closed at $7.46.

Analyst Ratings Changes

XPEV has been the subject of a number of research reports. JPMorgan Chase & Co. cut their price objective on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Macquarie assumed coverage on XPeng in a research note on Monday. They set a “neutral” rating and a $7.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.48.

XPeng Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.36. The company has a market capitalization of $7.06 billion, a P/E ratio of -4.25 and a beta of 2.93. The firm’s 50-day moving average is $8.74 and its 200-day moving average is $12.38.

XPeng (NYSE:XPEV) last released its earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. The firm had revenue of $1.84 billion during the quarter. Analysts predict that XPeng Inc. will post -1.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XPEV. Carolinas Wealth Consulting LLC increased its stake in XPeng by 12.5% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 4,500 shares of the company’s stock worth $124,000 after buying an additional 500 shares during the period. Rhumbline Advisers grew its holdings in XPeng by 8.6% during the 3rd quarter. Rhumbline Advisers now owns 9,005 shares of the company’s stock worth $165,000 after acquiring an additional 710 shares in the last quarter. PNC Financial Services Group Inc. increased its position in XPeng by 7.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,066 shares of the company’s stock valued at $203,000 after purchasing an additional 732 shares during the period. US Bancorp DE raised its holdings in shares of XPeng by 13.9% in the 1st quarter. US Bancorp DE now owns 6,271 shares of the company’s stock valued at $173,000 after purchasing an additional 767 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of XPeng by 33.0% in the 3rd quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock worth $58,000 after purchasing an additional 781 shares during the period. Institutional investors own 23.05% of the company’s stock.

XPeng Company Profile

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