XPeng Inc ADR (NYSE:XPEV) shares, rose in value, with the stock price down by -0.13% to the previous day’s close as strong demand from buyers drove the stock to $7.42.
Actively observing the price movement in the last trading, the stock closed the session at $7.43. The value of beta (5-year monthly) was 2.97. Referring to stock’s 52-week performance, its high was $23.62, and the low was $7.27. On the whole, XPEV has fluctuated by -18.91% over the past month.
With the market capitalization of XPeng Inc ADR currently standing at about $5.70 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 22, 2024 – May 27, 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 -$0.31, which is expected to increase to -$0.27 for fiscal year -$1.13 and then to about -$0.69 by fiscal year 2025. Data indicates that the EPS growth is expected to be 31.50% in 2025, while the next year’s EPS growth is forecast to be 38.90%.
Analysts have estimated the company’s revenue for the quarter at $843.28 million, with a low estimate of $798.4 million and a high estimate of $877.62 million. According to the average forecast, sales growth in current quarter could jump up 49.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $6.72 billion, representing an increase of 58.50% 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 1 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 75% 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 -17.71% and -17.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.24, while the 7-day volatility ratio is showing 4.31% which for the 30-day chart, stands at 4.95%. Furthermore, XPeng Inc ADR (XPEV)’s beta value is 2.92, and its average true range (ATR) is 0.54.
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 -0.13% in last session, and over the past year, it shrunk by -32.55%%.
Data on historical trading for XPeng Inc ADR (NYSE:XPEV) indicates that the trading volumes over the past 10 days have averaged 20.38 million and over the past 3 months, they’ve averaged 13.88 million. According to company’s latest data on outstanding shares, there are 767.65 million shares outstanding.
Nearly 1.34% of XPeng Inc ADR’s shares belong to company insiders and institutional investors own 12.95% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 47.49 million shares as on Mar 15, 2024, resulting in a short ratio of 4.07. According to the data, the short interest in XPeng Inc ADR (XPEV) stood at 4.98% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 51.65 million. The stock has fallen by -49.14% 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.
