XP Inc. (NASDAQ:XP) shares, rose in value on Friday, May 13, with the stock price up by 2.60% to the previous day’s close as strong demand from buyers drove the stock to $20.09.
Actively observing the price movement in the recent trading, the stock is buoying the session at $19.58, falling within a range of $17.89 and $22.82. The value of beta (5-year monthly) is 1.62 whereas the PE ratio is 15.13 over 12-month period. Referring to stock’s 52-week performance, its high was $53.08, and the low was $17.89. On the whole, XP has fluctuated by -32.18% over the past month.
With the market capitalization of XP Inc. currently standing at about $12.61 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 21, 2022 – Feb 25, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.25, which is expected to increase to $0.33 for fiscal year $1.15 and then to about $1.24 by fiscal year 2022. Data indicates that the EPS growth is expected to be 55.40% in 2022, while the next year’s EPS growth is forecast to be 7.80%.
Analysts have estimated the company’s revenue for the quarter at $588.46 million, with a low estimate of $573.18 million and a high estimate of $601.99 million. According to the average forecast, sales growth in current quarter could jump up 33.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $2.14 billion, representing an increase of 42.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that XP’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.80, with the price of XP currently trading nearly -15.39% and -28.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.72, while the 7-day volatility ratio is showing 11.43% which for the 30-day chart, stands at 6.84%. Furthermore, XP Inc. (XP)’s average true range (ATR) is 1.69.
Data on historical trading for XP Inc. (NASDAQ:XP) indicates that the trading volumes over the past 10 days have averaged 7.87 million and over the past 3 months, they’ve averaged 4.53 million. According to company’s latest data on outstanding shares, there are 558.82 million shares outstanding.
Nearly 68.06% of XP Inc.’s shares belong to company insiders and institutional investors own 62.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.73 million shares as on Feb 14, 2022, resulting in a short ratio of 2.72. According to the data, the short interest in XP Inc. (XP) stood at 1.92% of shares outstanding as of Feb 14, 2022; the number of short shares registered in Jan 13, 2022 reached 9.98 million. The stock has fallen by -31.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the XP stock heading into the next quarter.