XPeng Inc ADR (NYSE:XPEV) price on Wednesday, October 23, rose 1.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.16.
A look at the stock’s price movement, the close in the last trading session was $11.04, moving within a range at $11.05 and $11.4488. The beta value (5-Year monthly) was 2.779. Turning to its 52-week performance, $18.74 and $6.55 were the 52-week high and 52-week low respectively. Overall, XPEV moved 4.30% over the past month.
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XPeng Inc ADR’s market cap currently stands at around $8.63 billion, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 1.37B for the company’s revenue for the quarter, with a low and high estimate of 1.14B and 1.52B respectively. The average forecast suggests up to a 15.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.73B, representing a 32.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that XPEV is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
14 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 10 recommend XPEV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
XPEV’s current price about -6.56% and 14.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.42, while 7-day volatility ratio is 4.83% and 6.54% in the 30-day chart. Further, XPeng Inc ADR (XPEV) has a beta value of 2.77, and an average true range (ATR) of 0.77. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $4.2 and high of $72. Looking at the price targets, the low is 62.37% off current price level while to achieve the yearly target high, price needs to move -545.16%. Nonetheless, investors will most likely welcome a -16.49% jump to $13 which is the analysts’ median price.
If we refocus on XPeng Inc ADR (NYSE:XPEV), historical trading data shows that trading volumes averaged 14.03 over the past 10 days and 13.35 million over the past 3 months. The company’s latest data on shares outstanding shows there are 767.65 million shares.
The 1.03% of XPeng Inc ADR’s shares are in the hands of company insiders while institutional holders own 11.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 38.69 million on 2024-09-30, giving us a short ratio of 2.73. The data shows that as of 2024-09-30 short interest in XPeng Inc ADR (XPEV) stood at 514.0 of shares outstanding, with shares short falling to 41.67 million registered in 2024-08-30. Current price change has pushed the stock -23.51% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the XPEV stock continues to rise going into the next quarter.
