XPENG (NYSE:XPEV) Sets New 52-Week Low – Should You Sell?

XPENG Inc. Sponsored ADR (NYSE:XPEV) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.75 and last traded at $13.8350, with a volume of 9179972 shares changing hands. The stock had previously closed at $14.49.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th. Jefferies Financial Group reissued a “buy” rating and set a $25.20 price target on shares of XPENG in a report on Friday, May 29th. Bank of America restated a “buy” rating on shares of XPENG in a research report on Thursday, May 28th. Wall Street Zen lowered shares of XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Barclays cut their target price on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Tuesday, March 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Sell rating to the stock. According to MarketBeat, XPENG currently has a consensus rating of “Hold” and an average target price of $25.51.

XPENG Price Performance

The stock has a fifty day moving average of $16.32 and a 200-day moving average of $18.00. The firm has a market capitalization of $13.13 billion, a P/E ratio of -40.69 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.48.

XPENG (NYSE:XPEV) last issued its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%.The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.87 billion. Equities analysts predict that XPENG Inc. Sponsored ADR will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of XPENG by 161.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after buying an additional 1,582 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of XPENG by 16.9% during the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock valued at $63,000 after acquiring an additional 389 shares during the period. Kickstand Ventures LLC. acquired a new position in shares of XPENG during the fourth quarter valued at $202,000. Parallel Advisors LLC boosted its holdings in XPENG by 6.0% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after acquiring an additional 584 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in XPENG by 66.3% in the first quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock worth $282,000 after purchasing an additional 6,571 shares during the period. 21.09% of the stock is currently owned by institutional investors.

About XPENG

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.