XPeng (NYSE:XPEV) Hits New 12-Month Low at $7.12

Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $7.12 and last traded at $7.16, with a volume of 6521375 shares trading hands. The stock had previously closed at $7.46.

Analyst Upgrades and Downgrades

XPEV has been the subject of a number of recent analyst reports. Macquarie initiated coverage on shares of XPeng in a report on Monday. They set a "neutral" rating and a $7.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of XPeng from $19.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, XPeng currently has an average rating of "Hold" and an average target price of $17.48.

XPeng Trading Down 3.6 %

The company has a market cap of $6.78 billion, a price-to-earnings ratio of -4.28 and a beta of 2.93. The company's fifty day moving average price is $8.78 and its two-hundred day moving average price is $12.46. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $1.84 billion during the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. Research analysts expect that XPeng Inc. will post -1.25 earnings per share for the current year.

Institutional Trading of XPeng

Hedge funds and other institutional investors have recently modified their holdings of the stock. XY Capital Ltd increased its holdings in shares of XPeng by 554.5% in the third quarter. XY Capital Ltd now owns 327,229 shares of the company's stock valued at $6,008,000 after purchasing an additional 277,229 shares in the last quarter. NINE MASTS CAPITAL Ltd grew its holdings in XPeng by 1,765.6% during the 3rd quarter. NINE MASTS CAPITAL Ltd now owns 342,665 shares of the company's stock worth $6,122,000 after acquiring an additional 324,297 shares during the period. RWC Asset Management LLP acquired a new stake in XPeng during the 3rd quarter worth $8,291,000. Ballentine Partners LLC grew its holdings in XPeng by 14.6% during the 4th quarter. Ballentine Partners LLC now owns 13,557 shares of the company's stock worth $198,000 after acquiring an additional 1,729 shares during the period. Finally, Mariner LLC grew its holdings in XPeng by 37.5% during the 3rd quarter. Mariner LLC now owns 25,141 shares of the company's stock worth $462,000 after acquiring an additional 6,858 shares during the period. Institutional investors and hedge funds own 23.05% of the company's stock.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.