XPeng (NYSE:XPEV) Trading Up 5.7% - What's Next?

XPeng Inc. (NYSE:XPEV - Get Free Report)'s stock price traded up 5.7% during trading on Tuesday . The company traded as high as $12.91 and last traded at $12.76. 4,102,614 shares changed hands during trading, a decline of 69% from the average session volume of 13,424,447 shares. The stock had previously closed at $12.07.

Wall Street Analysts Forecast Growth

XPEV has been the topic of several recent analyst reports. Citigroup cut their price objective on XPeng from $8.30 to $7.60 and set a "neutral" rating on the stock in a report on Wednesday, August 21st. JPMorgan Chase & Co. upgraded shares of XPeng from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $8.00 to $11.50 in a report on Thursday, September 5th. Bank of America decreased their price objective on shares of XPeng from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, August 21st. Finally, Macquarie upgraded shares of XPeng from a "neutral" rating to an "outperform" rating in a research report on Friday, August 30th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $9.42.

XPeng Stock Performance

The firm has a market cap of $12.06 billion, a price-to-earnings ratio of -10.50 and a beta of 2.80. The firm's 50 day moving average is $10.48 and its 200-day moving average is $8.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.50.

XPeng (NYSE:XPEV - Get Free Report) last posted its earnings results on Tuesday, August 20th. The company reported ($0.19) earnings per share for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. The company had revenue of $1.12 billion during the quarter. Sell-side analysts anticipate that XPeng Inc. will post -0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in shares of XPeng during the 3rd quarter worth about $45,000. Natixis bought a new position in XPeng during the first quarter valued at about $38,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in XPeng by 122.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company's stock valued at $39,000 after acquiring an additional 2,920 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of XPeng in the 3rd quarter worth approximately $110,000. Finally, Blue Trust Inc. grew its holdings in shares of XPeng by 2,615.9% during the 2nd quarter. Blue Trust Inc. now owns 9,750 shares of the company's stock worth $75,000 after purchasing an additional 9,391 shares in the last quarter. 23.05% of the stock is currently owned by institutional investors and hedge funds.

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.