XPeng (NYSE:XPEV) Stock Price Down 9.6% – What’s Next?

XPeng Inc. (NYSE:XPEV)’s stock price fell 9.6% during mid-day trading on Tuesday . The company traded as low as $11.72 and last traded at $11.83. 5,163,023 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 13,368,942 shares. The stock had previously closed at $13.08.

Analyst Ratings Changes

Several equities analysts have issued reports on XPEV shares. Macquarie raised XPeng from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. Bank of America decreased their price objective on XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. JPMorgan Chase & Co. upgraded shares of XPeng from a “neutral” rating to an “overweight” rating and increased their target price for the company from $8.00 to $11.50 in a report on Thursday, September 5th. Finally, Citigroup dropped their price target on XPeng from $8.30 to $7.60 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $9.42.

XPeng Stock Performance

The firm has a market capitalization of $11.72 billion, a PE ratio of -8.10 and a beta of 2.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.31. The company’s fifty day simple moving average is $8.76 and its 200 day simple moving average is $8.26.

XPeng (NYSE:XPEV) last issued its quarterly earnings data on Tuesday, August 20th. The company reported ($0.19) earnings per share (EPS) for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. The company had revenue of $1.12 billion for the quarter. As a group, equities research analysts expect that XPeng Inc. will post -0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Scarborough Advisors LLC bought a new stake in XPeng in the 4th quarter worth approximately $52,000. Natixis purchased a new stake in XPeng in the first quarter worth about $38,000. Harel Insurance Investments & Financial Services Ltd. increased its position in XPeng by 122.4% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock valued at $39,000 after buying an additional 2,920 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of XPeng by 2,615.9% during the second quarter. Blue Trust Inc. now owns 9,750 shares of the company’s stock valued at $75,000 after acquiring an additional 9,391 shares in the last quarter. Finally, Caas Capital Management LP purchased a new position in XPeng in the fourth quarter worth about $153,000. Institutional investors own 23.05% of the company’s stock.

XPeng Company Profile

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.