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XP Inc.’s (NASDAQ:XP) Stock Is Up 0.68%, But Is It Capable Of A Rally?

XP Inc. (NASDAQ:XP) traded at $17.75 at close of the session on Tuesday, 01/24/23, made an upward move of 0.68% on its previous day’s price.

Looking at the stock we see that its previous close was $17.63 and the beta (5Y monthly) reads 1.56 with the day’s price range being $17.39 – $17.83. The company has a trailing 12-month PE ratio of 13.98. In terms of its 52-week price range, XP has a high of $36.36 and a low of $13.76. The company’s stock has gained about 15.33% over that past 30 days.

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XP Inc. has a market cap of $9.65 billion and is expected to release its quarterly earnings report on Feb 06, 2023 – Feb 10, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.3, with the EPS growth for the year raised at $1.24 for 2022 and $1.47 for next year. These figures represent -16.80% and 18.50% 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 $638.66 million, with a low of $622.56 million and a high of $656.04 million. The median projection represents growth squeezing down to 10.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $2.57 billion, or -0.20% down from figures reported last year.

There have been no 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 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Looking further, we note that the PEG ratio for the XP stock currently stands at 1.61, and the current price level is 14.04% off its SMA20 and 8.91% from its 50-day simple moving average. The RSI (14) is pointing at 64.14 while the volatility over the past week is 3.61% and jumps to 4.07% over the past one month.

Coming back to XP Inc. (NASDAQ:XP), we note that the average 3-month trading volume was 4.44 million, while that of the preceding 10-day period stands at 4.16 million. Current shares outstanding are 555.71 million.

The insiders hold 20.22% of the company’s shares while institutions hold 63.10%. The data shows that short shares as of Oct 13, 2022, stood at 11.07 million at a short ratio of 2.55. This represents a 1.98% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 10.57 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 15.71% up in year-to-date price movement.

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