XPeng Inc. (NYSE: XPEV) stock fell -0.27% on Friday to $18.30 against a previous-day closing price of $18.35. With 6.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 21.14 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $18.70 whereas the lowest price it dropped to was $18.01. The 52-week range on XPEV shows that it touched its highest point at $23.62 and its lowest point at $6.18 during that stretch. It currently has a 1-year price target of $19.25. Beta for the stock currently stands at 3.29.
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 up-trending over the past week, with a rise of 5.48%, but this was up by 17.46% over a month. Three-month performance surged to 57.89% while six-month performance rose 119.69%. The stock gained 14.23% in the past year, while it has gained 84.10% so far this year. A look at the trailing 12-month EPS for XPEV yields -1.58 with Next year EPS estimates of -0.95. For the next quarter, that number is -0.53. This implies an EPS growth rate of -80.30% for this year and 29.60% for next year.
Float and Shares Shorts:
At present, 861.68 million XPEV shares are outstanding with a float of 672.61 million shares on hand for trading. On Aug 30, 2023, short shares totaled 47.32 million, which was 5.47% higher than short shares on Jul 30, 2023. In addition to Mr. Xiaopeng He as the firm’s Co-Founder, Chairman & CEO, Mr. Heng Xia serves as its Co-Founder & Co-Pres.
Through their ownership of 16.45% of XPEV’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.04% of XPEV, in contrast to 4.55% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in XPEV with 1.90% of the stake, Jane Street Capital LLC holds 13,160,293 shares worth 13,160,293. A second-largest stockholder of XPEV, PRIMECAP Management Co., holds 12,056,377 shares, controlling over 1.74% of the firm’s shares. Alibaba Group Holding Ltd. is the third largest shareholder in XPEV, holding 6,650,000 shares or 0.96% stake. With a 1.01% stake in XPEV, the Vanguard Capital Opportunity Fund is the largest stakeholder. A total of 6,965,719 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 1.00% of XPEV stock, is the second-largest Mutual Fund holder. It holds 6,948,889 shares valued at 123.62 million. Fidelity Inv. Trust – Emerging Ma holds 0.49% of the stake in XPEV, owning 3,382,900 shares worth 60.18 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, XPEV reported revenue of $7.44B and operating income of -$2.09B. The EBITDA in the recently reported quarter was -$1.83B and diluted EPS was -$3.16.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XPEV since 0 analysts follow the stock currently. 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 $204.13 and a low target of $16.75, the average target price over the next 12 months is $117.60. Based on these targets, XPEV could surge 1015.46% to reach the target high and fall by -8.47% to reach the target low. Reaching the average price target will result in a growth of 542.62% 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.