XPeng (NYSE:XPEV - Get Free Report) is anticipated to announce its earnings results before the market opens on Tuesday, March 18th. Analysts expect the company to announce earnings of ($1.36) per share and revenue of $16.11 billion for the quarter. Investors that wish to listen to the company's conference call can do so using this link.
XPeng Price Performance
NYSE XPEV traded down $1.64 during trading hours on Friday, reaching $23.72. 18,544,525 shares of the stock traded hands, compared to its average volume of 12,674,809. The stock has a 50 day simple moving average of $16.98 and a two-hundred day simple moving average of $13.38. XPeng has a 1 year low of $6.55 and a 1 year high of $27.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The company has a market cap of $22.34 billion, a price-to-earnings ratio of -27.26 and a beta of 2.68.
Analyst Ratings Changes
A number of equities research analysts have weighed in on XPEV shares. UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and raised their price target for the company from $8.80 to $18.00 in a research report on Monday, February 24th. Citigroup upgraded XPeng from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $13.70 to $29.00 in a report on Monday. Macquarie reiterated a "neutral" rating and issued a $18.00 price objective on shares of XPeng in a report on Friday, February 7th. China Renaissance upgraded XPeng from a "hold" rating to a "buy" rating and set a $16.70 price objective on the stock in a report on Friday, November 22nd. Finally, Sanford C. Bernstein lifted their price objective on XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, XPeng currently has an average rating of "Moderate Buy" and a consensus target price of $15.63.
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About XPeng
(
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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.
Further Reading
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