The trading price of XP Inc (NASDAQ:XP) closed lower on Tuesday, April 23, closing at $20.57, -2.56% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 14.31, while its 5Y monthly beta was 1.67. In examining the 52-week price action we see that the stock hit a 52-week high of $27.71 and a 52-week low of $12.78. Over the past month, the stock has lost -18.50% in value.
XP Inc, whose market valuation is $11.27 billion at the time of this writing, is expected to release its quarterly earnings report May 13, 2024 – May 17, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest XP has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.04, which symbolizes a positive outlook. A quick review shows that XP’s price is currently -13.89% off the SMA20 and -15.86% off the SMA50. The RSI metric on the 14-day chart is currently showing 20.41, and weekly volatility stands at 2.69%. When measured over the past 30 days, the indicator reaches 2.58%. XP Inc (NASDAQ:XP)’s beta value is currently sitting at 1.70, while the Average True Range indicator is currently displaying 0.69.
To see how XP Inc stock has been performing in comparison to its peers in the industry, here are the numbers: XP stock’s performance was -2.56% in the latest trading, and 52.94% in the past year. XP Inc has a P/E ratio of 14.31.
An evaluation of the daily trading volume of XP Inc (NASDAQ:XP) indicates that the 3-month average is 5.54 million.
Currently, records show that 435.72 million of the company’s shares remain outstanding. The insiders hold 35.50% of outstanding shares, whereas institutions hold 48.60%. However, since the stock’s price has seen -21.10% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
