XPeng (NYSE:XPEV) Reaches New 52-Week Low at $6.62

XPeng Inc. (NYSE:XPEV) reached a new 52-week low during trading on Monday . The company traded as low as $6.62 and last traded at $6.62, with a volume of 314482 shares trading hands. The stock had previously closed at $6.93.

Analyst Upgrades and Downgrades

XPEV has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Macquarie started coverage on shares of XPeng in a research note on Monday, April 15th. They set a “neutral” rating and a $7.00 price objective on the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.48.

XPeng Trading Up 2.9 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.36. The company’s 50-day simple moving average is $8.60 and its 200-day simple moving average is $12.00.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. The business had revenue of $1.84 billion during the quarter. Sell-side analysts predict that XPeng Inc. will post -1.25 earnings per share for the current year.

Hedge Funds Weigh In On XPeng

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA boosted its stake in XPeng by 322.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock worth $28,000 after purchasing an additional 1,450 shares during the period. Scarborough Advisors LLC acquired a new position in XPeng in the 4th quarter worth approximately $52,000. Lindbrook Capital LLC boosted its stake in XPeng by 33.0% in the 3rd quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock worth $58,000 after purchasing an additional 781 shares during the period. Rakuten Securities Inc. acquired a new position in XPeng in the 4th quarter worth approximately $59,000. Finally, Headlands Technologies LLC acquired a new position in XPeng in the 3rd quarter worth approximately $65,000. Institutional investors and hedge funds own 23.05% of the company’s stock.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.