XP Inc. (NASDAQ:XP) traded at $40 at last check on Friday, Nov 20, making a downturn move of -1.48% on its previous day’s price.
Looking at the stock we see that its previous close was $40.6 and the beta (5Y monthly) reads 0 with the day’s price range being $39.17 – 40.48. The company has a 12-month trailing PE ratio of 65.04. In terms of its 52-week price range, XP has a high of $52.94 and a low of $15.5. The company’s stock has gained about -8.4% over that past 30 days.
XP has a market cap of $22.03 Billion and is expected to release its quarterly earnings report on November 09, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the XP stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.19, with the EPS growth for the year raised at $0.7 for 2020 and $0.92 for next year. These figures represent 0.84% and at 0.31% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $439.15 Million, with a low of $401.12 Million and a high of $463.38 Million. The median projection represents growth adding up to 40.4% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $1.52 Billion, or +60.1% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the XP stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.
Based on estimates by 7 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the XP Inc. (XP) stock as a Hold, while 2 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas 1 suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Let’s briefly compare XP (XP) stock to its peers. We find that today’s price change of -1.48% and 0% over the past 12 months for XP competes that of American Express Company (AXP), which has seen its stock price fall -1.37% in the latest trading session and is -5.24% over the last one year. Another of its peers Moody’s Corp (MCO) has dropped -0.43% today, and is +21.77% up over the past year, while Orix Corp ADR (IX) is also down -1.48% yet its price remains in the red at 0% over the same period. American has a P/E ratio of 27.8 compared to XP’s 65.04 and Moody’s 28.38. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to XP Inc. (NASDAQ:XP), we note that the average 3-month trading volume was 839.26 Million, while that of the preceding 10-day period stands at 1.18 Million. Current shares outstanding are 354.18 Million.
According to data from Thomson Reuters, insiders hold 55.96% of the company’s shares while institutions hold 41.5%. The data shows that short shares as of October 29, 2020, stood at 2.73 Million at a short ratio of 4.01. This represents a 0.49% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 2.09 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +3.84% up in year-to-date price movement.