XPeng (NYSE:XPEV – Get Rating) will post its quarterly earnings results before the market opens on Friday, March 17th. Analysts expect XPeng to post earnings of ($0.05) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
XPeng Stock Performance
Shares of XPEV stock opened at $8.29 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.89 and a debt-to-equity ratio of 0.10. XPeng has a 52 week low of $6.18 and a 52 week high of $35.35. The stock has a market capitalization of $7.09 billion, a PE ratio of -5.84 and a beta of 2.82. The firm has a 50 day moving average of $9.74 and a two-hundred day moving average of $10.74.
Hedge Funds Weigh In On XPeng
Institutional investors have recently modified their holdings of the company. Captrust Financial Advisors raised its position in shares of XPeng by 50.0% in the first quarter. Captrust Financial Advisors now owns 2,400 shares of the company’s stock valued at $66,000 after buying an additional 800 shares during the last quarter. Carolinas Wealth Consulting LLC increased its position in XPeng by 12.5% during the first quarter. Carolinas Wealth Consulting LLC now owns 4,500 shares of the company’s stock worth $124,000 after purchasing an additional 500 shares during the last quarter. US Bancorp DE increased its position in XPeng by 13.9% during the first quarter. US Bancorp DE now owns 6,271 shares of the company’s stock worth $173,000 after purchasing an additional 767 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in XPeng during the fourth quarter worth approximately $71,000. Finally, Engineers Gate Manager LP acquired a new position in XPeng during the first quarter worth approximately $258,000. Institutional investors and hedge funds own 24.87% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on XPEV shares. Bank of America lowered shares of XPeng from a “buy” rating to a “neutral” rating in a research note on Friday, January 6th. HSBC lowered shares of XPeng from a “buy” rating to a “hold” rating in a research note on Friday, February 24th. Citigroup lifted their price target on shares of XPeng to $8.92 in a research note on Friday, December 2nd. Jefferies Financial Group lowered shares of XPeng from a “hold” rating to an “underperform” rating in a research note on Monday, November 28th. Finally, China Renaissance lowered shares of XPeng from a “buy” rating to a “hold” rating and cut their price target for the stock from $40.50 to $11.30 in a research note on Friday, December 2nd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.03.
About XPeng
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, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services.
