XP Inc (XP): Why Is The Stock Strong?

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XP Inc (NASDAQ:XP) has a beta value of 1.17 and has seen 1.28 million shares traded in the recent trading session. The company, currently valued at $10.16B, closed the recent trade at $7520000.0 per share which meant it gained $7519980.47 on the day or 1275337% during that session. The XP stock price is 100.0% off its 52-week high price of $20.64 and 100.0% above the 52-week low of $10.82. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.79 million shares traded. The 3-month trading volume is 7.52 million shares.

The consensus among analysts is that XP Inc (XP) is Hold stock at the moment, with a recommendation rating of 1.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 9 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.

XP Inc (NASDAQ:XP) trade information

Over the past 30 days, the shares of XP Inc (NASDAQ:XP) have changed 3.40%. Short interest in the company has seen 13.59 million shares shorted with days to cover at 1.69.

Wall Street analysts have a consensus price target for the stock at $23.5, which means that the shares’ value could drop -31999900.0% from the levels at last check today.. The projected low price target is $19.0 while the price target rests at a high of $33.0. In that case, then, we find that the latest price level in today’s session is 100.0% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..

XP Inc (XP) estimates and forecasts

The company’s shares have gained 48.46% over the past 6 months.

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 23.61% over the past 5 years. Earnings growth for 2025 is a modest 12.94% while over the next 5 years, the company’s earnings are expected to increase by 13.26%.

XP Dividends

XP Inc is expected to release its next earnings report on 2025-May-20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.65 at a share yield of 3.37%. The company’s dividend yield has gone up over the past 12 months.

XP Inc (NASDAQ:XP)’s Major holders

Insiders own 0.00% of the company shares, while shares held by institutions stand at 89.89% with a share float percentage of 89.89%. Investors are also buoyed by the number of investors in a company, with XP Inc having a total of 453.0 institutions that hold shares in the company. The top two institutional holders are DODGE & COX with over 34.35 million shares worth more than $604.27 million. As of 2024-06-30, DODGE & COX held 6.2292% of shares outstanding.

The other major institutional holder is GENERAL ATLANTIC, L.P., with the holding of over 29.62 million shares as of 2024-06-30. The firm’s total holdings are worth over $520.98 million and represent 5.3705% of shares outstanding.

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