XPeng Inc ADR (NYSE: XPEV): The Stock To Bet On For Economic Progress In The Months Ahead

In the last trading session, 11.88 million shares of the XPeng Inc ADR (NYSE:XPEV) were traded, and its beta was 2.78. Most recently the company’s share price was $11.60, and it changed around -$0.53 or -4.37% from the last close, which brings the market valuation of the company to $8.97B. XPEV currently trades at a discount to its 52-week high of $18.74, offering almost -61.55% off that amount. The share price’s 52-week low was $6.55, which indicates that the current value has risen by an impressive 43.53% since then. We note from XPeng Inc ADR’s average daily trading volume that its 10-day average is 13.66 million shares, with the 3-month average coming to 13.73 million.

XPeng Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.71. If we narrow it down even further, the data shows that 1 out of 33 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 11 recommended XPEV as a Hold, whereas 13 deemed it a Buy, and 1 rated it as Underweight. XPeng Inc ADR is expected to report earnings per share of -0.24 for the current quarter.

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XPeng Inc ADR (NYSE:XPEV) trade information

Instantly XPEV has showed a red trend with a performance of -4.37% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 12.60 on recent trading dayincreased the stock’s daily price by 7.94%. The company’s shares are currently down -20.49% year-to-date, but still up 5.07% over the last five days. On the other hand, XPeng Inc ADR (NYSE:XPEV) is -4.76% down in the 30-day period. We can see from the shorts that 40.43 million shares have been sold at a short interest cover period of 2.24 day(s).

The consensus price target as assigned by Wall Street analysts is $13, which translates to bulls needing to increase their stock price by 10.77% from its current value. Analyst projections state that XPEV is forecast to be at a low of $4.2 and a high of $72.

XPeng Inc ADR (XPEV) estimates and forecasts

XPeng Inc ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 42.68 percent over the past six months and at a 42.86% annual growth rate that is well above the industry average of -7.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 61.30% in revenue this quarter, and will report a decrease of -38.10% in the next quarter. The year-over-year growth rate is expected to be 32.70%, up from the previous year.

Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 1.37B in revenue for the current quarter. 7 analysts expect XPeng Inc ADR to make 2.07B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.19B and 1.84B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.60%. Forecasts for the next quarter put sales growth at 12.80%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -33.39%. XPeng Inc ADR earnings are expected to increase by 59.08% in 2024, but the outlook is negative -5.74% per year for the next five years.

XPEV Dividends

XPeng Inc ADR’s next quarterly earnings report is expected to be released in November.

D. E. SHAW & CO., INC., with 1.3302% or 12.54 million shares worth $91.91 million as of 2024-06-30, holds the second largest percentage of outstanding shares.