XPENG (NYSE:XPEV) Reaches New 1-Year Low - Should You Sell?

Key Points

• XPeng shares hit a new 52-week low, trading as low as $10.15 and recently changing hands near $10.11, below both their 50-day and 200-day moving averages.
• Analyst sentiment is mixed: the stock has an average rating of “Hold”, with an average price target of $23.65. Targets range from $12 at UBS to $25.20 at Jefferies, while Barclays maintains an “underweight” rating.
• XPeng is a Chinese smart electric-vehicle maker offering models such as the P7, G6, G9 and X9, along with advanced-driver-assistance and smart-cockpit technologies; institutional investors own 21.09% of its shares.

XPENG Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $10.15 and last traded at $10.1050, with a volume of 238247 shares changing hands. The stock had previously closed at $10.25.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on XPEV shares. Barclays decreased their price objective on XPENG from $15.00 to $14.00 and set an "underweight" rating on the stock in a report on Tuesday, August 25th. Jefferies Financial Group reissued a "buy" rating and issued a $25.20 target price on shares of XPENG in a research report on Friday, May 29th. UBS Group started coverage on shares of XPENG in a research note on Wednesday, September 9th. They issued a "neutral" rating and a $12.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of XPENG from $27.00 to $24.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 25th. Finally, Bank of America reiterated a "buy" rating on shares of XPENG in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $23.65.

XPENG Stock Down 1.0%

The stock has a 50-day moving average of $11.64 and a 200-day moving average of $14.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 0.86. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of -21.16 and a beta of 1.11.

Institutional Trading of XPENG

Several large investors have recently modified their holdings of the stock. Valeo Financial Advisors LLC increased its stake in XPENG by 0.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 387,230 shares of the company's stock valued at $5,127,000 after purchasing an additional 1,052 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in XPENG by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company's stock worth $79,000 after buying an additional 1,212 shares during the last quarter. BNP Paribas lifted its stake in shares of XPENG by 10.8% in the fourth quarter. BNP Paribas now owns 16,350 shares of the company's stock valued at $332,000 after buying an additional 1,600 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of XPENG by 25.0% in the first quarter. Parallel Advisors LLC now owns 12,871 shares of the company's stock valued at $220,000 after buying an additional 2,578 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in shares of XPENG by 18.3% during the second quarter. Greenleaf Trust now owns 19,075 shares of the company's stock valued at $253,000 after buying an additional 2,948 shares during the last quarter. 21.09% of the stock is owned by institutional investors and hedge funds.

About XPENG

XPeng Inc NYSE: XPEV is a Chinese smart electric vehicle manufacturer that designs, develops, manufactures and markets battery-powered passenger vehicles. The company combines vehicle engineering with software, connectivity and advanced driver-assistance technologies to provide digitally integrated driving experiences.

XPeng's product portfolio has included electric sedans, sport utility vehicles and multi-purpose vehicles, including the P7 sedan, G6 and G9 SUVs, and X9 MPV. Its technology offerings include the XNGP advanced driver-assistance system, in-vehicle operating systems and related smart-cockpit features.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.