XPen$XPeng Inc.(XPEV)$ stock fell -8.96% to $29.25 against a previous-day closing price of $32.13. With 8.92 million shares changed hands, the volume of the stock remained lighter than its average volume of 10.41 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $30.87 whereas the lowest price it dropped to was $29.08. The 52-week range on XPEV shows that it touched its highest point at $56.45 and its lowest point at $18.01 during that stretch. It currently has a 1-year price target of $42.76.
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 -3.40%, but this was up by 6.25% over a month. Three-month performance surged to 3.91% while six-month performance fell -37.31%.
The stock lost -26.73% in the past year, while it has lost -41.88% so far this year. A look at the trailing 12-month EPS for XPEV yields -1.04 with Next year EPS estimates of -5.06. For the next quarter, that number is -0.28. This implies an EPS growth rate of 7.00% for this year and 44.30% for next year.
Float and Shares Shorts:
At present, 851.35 million XPEV shares are outstanding with a float of 487.04 million shares on hand for trading. In addition to Mr. Xiaopeng He as the firm’s Co-founder, Chairman & CEO, Dr. Hongdi Gu serves as its Honorary Vice Chairman & Pres.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XPEV since 32 analysts follow the stock currently. There are 23 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 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 $399.76 and a low target of $84.33, the average target price over the next 12 months is $253.22. Based on these targets, XPEV could surge 1266.7% to reach the target high and rise by 188.31% to reach the target low. Reaching the average price target will result in a growth of 765.71% 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 03/06/2023. Analysts have provided yearly estimates in a range of -$3.19 being high and -$11.90 being low.
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