This trade activity should not be overlooked: XPeng Inc. (XPEV)

XPeng Inc. (NYSE: XPEV) stock jumped 5.03% on Friday to $9.40 against a previous-day closing price of $8.95. With 20.15 million shares changed hands, the volume of the stock remained lighter than its average volume of 34.23 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $9.88 whereas the lowest price it dropped to was $9.03. The 52-week range on XPEV shows that it touched its highest point at $47.10 and its lowest point at $6.18 during that stretch. It currently has a 1-year price target of $15.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of XPEV was down-trending over the past week, with a drop of -7.02%, but this was down by -2.69% over a month. Three-month performance surged to 22.56% while six-month performance fell -65.04%. The stock lost -78.54% in the past year, while it has lost -5.43% so far this year. A look at the trailing 12-month EPS for XPEV yields -1.40 with Next year EPS estimates of -0.88. For the next quarter, that number is -0.36. This implies an EPS growth rate of 7.00% for this year and 29.60% for next year.

Float and Shares Shorts:

At present, 859.08 million XPEV shares are outstanding with a float of 671.44 million shares on hand for trading. On Oct 13, 2022, short shares totaled 39.64 million, which was 4.63% higher than short shares on Sep 14, 2022. In addition to Mr. Xiaopeng He as the firm’s Co-founder, Chairman & CEO, Dr. Hongdi Gu serves as its Honorary Vice Chairman & Pres.

Institutional Ownership:

Through their ownership of 34.64% of XPEV’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.12% of XPEV, in contrast to 20.72% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in XPEV with 2.32% of the stake, FifthDelta Ltd. holds 15,933,147 shares worth 15,933,147. A second-largest stockholder of XPEV, The Vanguard Group, Inc., holds 15,366,165 shares, controlling over 2.23% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in XPEV, holding 12,688,217 shares or 1.84% stake. With a 1.06% stake in XPEV, the Vanguard Emerging Markets Stock I is the largest stakeholder. A total of 7,292,817 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 0.93% of XPEV stock, is the second-largest Mutual Fund holder. It holds 6,431,954 shares valued at 63.93 million. Vanguard Capital Opportunity Fund holds 0.90% of the stake in XPEV, owning 6,221,719 shares worth 61.84 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XPEV since 38 analysts follow the stock currently. There are 22 analysts who recommend BUY ratings, while 4 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 5 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With XPEV analysts setting a high price target of $185.72 and a low target of $30.08, the average target price over the next 12 months is $75.73. Based on these targets, XPEV could surge 1875.74% to reach the target high and rise by 220.0% to reach the target low. Reaching the average price target will result in a growth of 705.64% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. XPEV will report FY 2022 earnings on 03/25/2024. Analysts have provided yearly estimates in a range of -$3.65 being high and -$11.83 being low. For XPEV, this leads to a yearly average estimate of -$7.40. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. XPeng Inc. surprised analysts by -$0.05 when it reported -$0.39 EPS against a consensus estimate of -$0.34. The surprise factor in the prior quarter was -$0.14. Based on analyst estimates, the high estimate for the next quarter is -$0.39 and the low estimate is -$3.33. The average estimate for the next quarter is thus -$2.10.

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