With over 6.01 million XPeng Inc. (XPEV) shares trading Monday and a closing price of $18.46 on the day, the dollar volume was approximately $110.9 million. The shares have shown a positive half year performance of 108.82% and its price on 09/18/23 gained nearly 0.87%. Currently, there are 861.68M common shares owned by the public and among those 672.61M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 41 analysts who have offered their price forecasts for XPEV have a consensus price objective of $115.26. The analysts have set the share’s price value over the next 12 months at a high of $185.30 and a low of $16.75. The average price target is 4.1% above its recent price level and a downside to the estimated low will see the stock lose -10.21% over that period. But an upside of 90.04% will see the stock hit the forecast high price target while median target price for the stock is $116.64.
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Shares of XPeng Inc. (NYSE: XPEV) opened at $18.01, down -$0.29 from a prior closing price of $18.30. However, the script later moved the day high at 18.57, up 0.87%. The company’s stock has a 5-day price change of -0.11% and 62.21% over the past three months. XPEV shares are trading 85.71% year to date (YTD), with the 12-month market performance up to 19.02% higher. It has a 12-month low price of $6.18 and touched a high of $23.62 over the same period. XPEV has an average intraday trading volume of 20.82 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.15%, 7.82%, and 57.26% respectively.
Institutional ownership of XPeng Inc. (NYSE: XPEV) shares accounts for 33.10% of the company’s 861.68M shares outstanding.
It has a market capitalization of $16.03B and a beta (3y monthly) value of 3.29. The earnings-per-share (ttm) stands at -$1.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.20% over the week and 5.56% over the month.
Analysts forecast that XPeng Inc. (XPEV) will achieve an EPS of $XPEL, Inc. for the current quarter, $75.66 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Xperi Inc. while analysts give the company a high EPS estimate of $Phoenix Motor Inc.. Comparatively, EPS for the current quarter was $SHOREPOWER TECHNOLOGIES INC a year ago. Earnings per share for the fiscal year are expected to decrease by -80.30%, and 29.60% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 41 brokerage firm advisors rate XPeng Inc. (XPEV) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 20 Wall Street analysts polled rate the stock as a buy, while 11 of the 41 advise that investors “hold,” and 7 rated it as a “Sell.”
Looking at the support for the XPEV, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on August 21, 2023, with the firm’s price target at $22.
