XPeng (NYSE:XPEV) Trading 8% Higher

XPeng Inc. (NYSE:XPEV - Get Free Report)'s stock price traded up 8% during mid-day trading on Monday . The stock traded as high as $8.43 and last traded at $8.35. 5,720,816 shares were traded during mid-day trading, a decline of 59% from the average session volume of 13,856,470 shares. The stock had previously closed at $7.73.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on XPEV shares. Macquarie started coverage on shares of XPeng in a research report on Monday, April 15th. They issued a "neutral" rating and a $7.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on XPeng from $19.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $17.48.

XPeng Trading Up 4.7 %

The company's 50 day simple moving average is $8.33 and its 200-day simple moving average is $11.36. The firm has a market cap of $7.63 billion, a P/E ratio of -4.82 and a beta of 2.84. 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 announced its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $1.84 billion for the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. As a group, research analysts predict that XPeng Inc. will post -1.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPEV. Compagnie Lombard Odier SCmA raised its holdings in shares of XPeng by 322.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company's stock worth $28,000 after acquiring an additional 1,450 shares during the period. Scarborough Advisors LLC purchased a new position in shares of XPeng during the 4th quarter worth $52,000. Rakuten Securities Inc. acquired a new position in XPeng during the 4th quarter worth about $59,000. Headlands Technologies LLC acquired a new position in shares of XPeng in the third quarter worth $65,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of XPeng in the 4th quarter valued at about $102,000. Hedge funds and other institutional investors own 23.05% of the company's stock.

About XPeng

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