XPeng Inc ADR (XPEV) Has A Promising Outlook For 2024

XPeng Inc ADR (NYSE:XPEV) has a beta value of 2.78 and has seen 14.69 million shares traded in the last trading session. The company, currently valued at $9.21B, closed the last trade at $11.91 per share which meant it lost -$0.38 on the day or -3.09% during that session. The XPEV stock price is -57.35% off its 52-week high price of $18.74 and 45.0% above the 52-week low of $6.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 16.61 million shares traded. The 3-month trading volume is 15.69 million shares.

The consensus among analysts is that XPeng Inc ADR (XPEV) is Buy stock at the moment, with a recommendation rating of 1.65. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 14 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -1.36.

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XPeng Inc ADR (NYSE:XPEV) trade information

Sporting -3.09% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the XPEV stock price touched $11.91 or saw a rise of 11.05%. Year-to-date, XPeng Inc ADR shares have moved -18.37%, while the 5-day performance has seen it change -6.51%. Over the past 30 days, the shares of XPeng Inc ADR (NYSE:XPEV) have changed 13.75%. Short interest in the company has seen 35.91 million shares shorted with days to cover at 2.14.

Wall Street analysts have a consensus price target for the stock at $13.8, which means that the shares’ value could jump 13.7% from current levels. The projected low price target is $4.2 while the price target rests at a high of $72.0. In that case, then, we find that the current price level is -504.53% off the targeted high while a plunge would see the stock lose 64.74% from current levels.

XPeng Inc ADR (XPEV) estimates and forecasts

Figures show that XPeng Inc ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 45.24% over the past 6 months, with this year growth rate of 42.26%, compared to -10.40% for the industry. Revenue growth from the last financial year stood is estimated to be 34.71%.

5 analysts offering their estimates for the company have set an average revenue estimate of 15.94B for the current quarter. 3 have an estimated revenue figure of 13.49B for the next ending quarter. Year-ago sales stood 13.05B and 6.55B respectively for this quarter and the next, and analysts expect sales will grow by 22.16% for the current quarter and 34.71% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -33.39% over the past 5 years. Earnings growth for 2024 is a modest 62.86% while over the next 5 years, the company’s earnings are expected to decrease by -5.74%.

XPEV Dividends

XPeng Inc ADR is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

XPeng Inc ADR (NYSE:XPEV)’s Major holders

The top two institutional holders are PRIMECAP MANAGEMENT CO/CA/ with over 16.42 million shares worth more than $120.37 million. As of 2024-06-30, PRIMECAP MANAGEMENT CO/CA/ held 1.742% of shares outstanding.

The other major institutional holder is D. E. SHAW & CO., INC., with the holding of over 12.54 million shares as of 2024-06-30. The firm’s total holdings are worth over $91.91 million and represent 1.3302% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Horizon Fund-Capital Opportunity Fund and Primecap Odyssey Aggressive Growth Fund . As of Jun 30, 2024 , the former fund manager holds about 1.27% shares in the company for having 9.82 shares of worth $116.93 million while later fund manager owns 3.43 shares of worth $40.89 million as of Sep 30, 2024 , which makes it owner of about 0.44% of company’s outstanding stock.