XPeng (NYSE:XPEV) Trading 4.4% Higher

XPeng Inc. (NYSE:XPEV) shares rose 4.4% on Wednesday . The company traded as high as $7.88 and last traded at $7.84. Approximately 5,398,721 shares changed hands during trading, a decline of 60% from the average daily volume of 13,482,568 shares. The stock had previously closed at $7.51.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Macquarie assumed coverage on shares of XPeng in a report on Monday, April 15th. They issued a “neutral” rating and a $7.00 price objective on the stock. Daiwa Capital Markets upgraded XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Thursday, May 23rd. Citigroup upgraded shares of XPeng from a “sell” rating to a “neutral” rating and raised their price objective for the company from $7.70 to $8.30 in a report on Tuesday, June 25th. Finally, Daiwa America upgraded shares of XPeng to a “strong-buy” rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.28.

XPeng Trading Up 7.3 %

The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $7.59 billion, a PE ratio of -5.36 and a beta of 2.76. The business’s 50-day moving average is $8.05 and its two-hundred day moving average is $8.97.

XPeng (NYSE:XPEV) last announced its quarterly earnings results on Tuesday, May 21st. The company reported ($0.20) EPS for the quarter. XPeng had a negative return on equity of 28.16% and a negative net margin of 28.16%. The firm had revenue of $906.90 million for the quarter. On average, analysts anticipate that XPeng Inc. will post -0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XPEV. Compagnie Lombard Odier SCmA grew its stake in XPeng by 322.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after acquiring an additional 1,450 shares during the last quarter. Natixis purchased a new stake in XPeng in the 1st quarter valued at approximately $38,000. Scarborough Advisors LLC purchased a new stake in XPeng in the 4th quarter valued at approximately $52,000. Rakuten Securities Inc. acquired a new stake in XPeng during the 4th quarter valued at $59,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in XPeng during the fourth quarter worth $102,000. Hedge funds and other institutional investors own 23.05% of the company’s stock.

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.