XPeng (NYSE:XPEV) Shares Gap Up to $25.66

XPeng Inc. (NYSE:XPEVGet Rating) shares gapped up before the market opened on Friday . The stock had previously closed at $25.66, but opened at $27.43. XPeng shares last traded at $27.54, with a volume of 159,158 shares changing hands.

XPEV has been the topic of several research reports. Macquarie initiated coverage on XPeng in a research note on Wednesday, May 25th. They set an “outperform” rating and a $38.20 price target on the stock. Citigroup lowered their price target on XPeng from $92.00 to $67.00 and set a “buy” rating on the stock in a research note on Tuesday, March 29th. assumed coverage on XPeng in a report on Thursday, March 24th. They set a “buy” rating and a $55.60 price objective on the stock. Morgan Stanley decreased their price objective on XPeng from $71.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, March 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on XPeng from $42.00 to $35.00 in a report on Tuesday, May 24th. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $45.37.

The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of -25.70 and a beta of 5.41. The company has a current ratio of 2.29, a quick ratio of 2.11 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $24.17 and a 200 day moving average price of $33.19.

XPeng (NYSE:XPEVGet Rating) last posted its quarterly earnings data on Monday, March 28th. The company reported ($0.24) earnings per share (EPS) for the quarter. XPeng had a negative return on equity of 14.59% and a negative net margin of 22.63%. The firm had revenue of $1.34 billion for the quarter. During the same quarter last year, the company posted ($0.16) earnings per share. As a group, equities analysts predict that XPeng Inc. will post -1.42 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Consolidated Planning Corp acquired a new position in XPeng in the 3rd quarter worth $37,000. CWM LLC acquired a new position in shares of XPeng during the 4th quarter worth about $40,000. UMB Bank N A MO acquired a new position in shares of XPeng during the 4th quarter worth about $41,000. AdvisorNet Financial Inc boosted its stake in shares of XPeng by 213.3% during the 4th quarter. AdvisorNet Financial Inc now owns 940 shares of the company’s stock worth $47,000 after buying an additional 640 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of XPeng during the 1st quarter worth about $61,000. Institutional investors and hedge funds own 27.01% of the company’s stock.

About XPeng (NYSE:XPEV)

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

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