XPeng Inc ADR (NYSE:XPEV) shares, rose in value on Thursday, March 14, with the stock price down by -3.78% to the previous day’s close as strong demand from buyers drove the stock to $9.62.
Actively observing the price movement in the recent trading, the stock is buoying the session at $10.00. The value of beta (5-year monthly) is 2.97. Referring to stock’s 52-week performance, its high was $23.62, and the low was $7.51. On the whole, XPEV has fluctuated by 12.67% over the past month.
With the market capitalization of XPeng Inc ADR currently standing at about $7.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 19, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.46, which is expected to increase to -$0.19 for fiscal year -$1.62 and then to about -$1.14 by fiscal year 2024. Data indicates that the EPS growth is expected to be -11.00% in 2024, while the next year’s EPS growth is forecast to be 29.60%.
Analysts have estimated the company’s revenue for the quarter at $1.86 billion, with a low estimate of $1.78 billion and a high estimate of $1.99 billion. According to the average forecast, sales growth in current quarter could jump up 154.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $4.39 billion, representing an increase of 14.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that XPEV’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of XPEV currently trading nearly 2.65% and -2.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.33, while the 7-day volatility ratio is showing 4.16% which for the 30-day chart, stands at 4.44%. Furthermore, XPeng Inc ADR (XPEV)’s beta value is 2.98, and its average true range (ATR) is 0.57.
A comparison of XPeng Inc ADR (XPEV) with its peers suggests the former has fared considerably weaker in the market. XPEV showed an intraday change of -3.78% in today’s session so far, and over the past year, it grew by 21.49%%.
Data on historical trading for XPeng Inc ADR (NYSE:XPEV) indicates that the trading volumes over the past 10 days have averaged 12.74 million and over the past 3 months, they’ve averaged 12.47 million. According to company’s latest data on outstanding shares, there are 765.21 million shares outstanding.
Nearly 1.34% of XPeng Inc ADR’s shares belong to company insiders and institutional investors own 13.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 47.49 million shares as on Feb 29, 2024, resulting in a short ratio of 3.77. According to the data, the short interest in XPeng Inc ADR (XPEV) stood at 5.03% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 47.81 million. The stock has fallen by -34.05% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the XPEV stock heading into the next quarter.
