XPeng (NYSE:XPEV) Sets New 1-Year High - Time to Buy?

XPeng Inc. (NYSE:XPEV - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $17.30 and last traded at $16.99, with a volume of 15913955 shares changing hands. The stock had previously closed at $15.69.

Wall Street Analysts Forecast Growth

XPEV has been the subject of a number of research analyst reports. China Renaissance raised shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 price target for the company in a research report on Friday, November 22nd. Macquarie reissued a "neutral" rating and set a $18.00 target price on shares of XPeng in a research note on Friday. UBS Group reaffirmed a "sell" rating and issued a $8.80 price target (up from $8.20) on shares of XPeng in a research note on Thursday, December 5th. Sanford C. Bernstein increased 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. Finally, Citigroup lowered their target price on XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, XPeng currently has an average rating of "Moderate Buy" and an average target price of $12.91.

XPeng Stock Down 1.7 %

The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The company has a market cap of $15.67 billion, a price-to-earnings ratio of -19.13 and a beta of 2.77. The business has a 50-day simple moving average of $13.46 and a two-hundred day simple moving average of $11.32.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock worth $30,000 after acquiring an additional 898 shares during the period. Avior Wealth Management LLC grew its position in XPeng by 1,215.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock worth $33,000 after purchasing an additional 2,564 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of XPeng by 50.7% during the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after purchasing an additional 1,138 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of XPeng during the fourth quarter valued at about $41,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of XPeng in the third quarter valued at about $45,000. 21.09% of the stock is owned by institutional investors.

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.