The average analyst rating for from 30 stock analysts is “Buy”.
In other words, this uncertainty could also have been a factor which drove XPEV’s stock price down on September 21, 2022. The average analyst rating for from 30 stock analysts is “Buy”. This means that analysts believe this stock is likely to outperform the market over the next twelve months. XPeng reported on July 5 that electric car sales for the month of June increased by 133% year-over-year to 15,295.
XPeng expects to achieve 30,000 units in deliveries for the third quarter of 2022 based on the mid-point of its guidance, and this was -35% lower than the consensus Q3 deliveries of 45,865 units. As China continues with the country’s COVID-zero policy, there is always the risk that XPEV’s EV manufacturing operations get disrupted by future lockdowns in certain parts of China Forex such as Guangzhou. This is obviously an issue which has been a drag on XPeng’s share price. IBD’s MarketDiem newsletter can help guide them in their journey! Ease your market fears with a tantalizing 2-month deal on IBD Digital + Print for just $10.31! New Investing with IBD Podcast Tune into this week’s podcast with guest Thomas Carr on preparing for the next bull run.
Analyst Price Target
There may be a bargain afoot, moreover, as XPEV stock price is sinking even while one of its new vehicles is flying high – literally. After considering XPEV’s G9 launch, recent developments related to COVID-19 restrictions and semiconductor chip access, and monthly sales data, I have a negative view of XPeng’s near-term prospects. In the last one month, XPeng’s stock price dropped by -34.6% as compared to a -9.2% decline for the S&P 500.
Intraday data delayed at least 15 minutes or per exchange requirements. This stock may move very much during the day and with a very large prediction interval from the Bollinger Band this stock is considered to be “very high risk”. During the last day, the stock moved $1.02 Forex between high and low, or 16.32%. For the last week, the stock has had daily average volatility of 9.45%. TipRanks is a comprehensive investing tool that allows private investors and day traders to see the measured performance of anyone who provides financial advice.
Sales & Book Value
As for its Q2 deliveries, the company delivered 34,422 BEVs, which represents a jump of 98% year-over-year. According to XPeng, this was also the highest result among emerging auto brands in China for the fourth consecutive quarter. The electric vehicle maker noted that a wider-than-expected quarterly loss was caused by supply-chain issues and rising materials costs that cut into its margins. Just recently shares of dotbig hit resistance at its 50-day line. This means the stock may have trouble getting above this level in the future. Currently, shares are trading around 13 a share amid a rapid decline over the past few weeks. Several new EV stocks emerged in the wake of leader Tesla , including Nikola ,Workhorse Group andHyliion , as well as XPeng and China EV startup peer Nio .
- Some companies just cant seem to get any respect in the financial markets, even when they create high-quality products.
- U.S-listed China stocks have fallen out of favor with investors Ongoing selloff offers bargain-buying opportunities Consider buying the dip in Alibaba, Baidu, and Xpeng Chinese…
- There is no support from accumulated volume below today’s level and given the right condition the stock may perform very badly in the next couple of days.
- Xiaopeng He has an approval rating of 11% among the company’s employees.
- 58 people have added XPeng to their MarketBeat watchlist in the last 30 days.
This model considers these estimate changes and provides a simple, actionable rating system. View our full suite of financial calendars and market data tables, all for free. Real-time analyst ratings, insider transactions, earnings data, and more. XPeng has a short interest ratio (“days to cover”) of 1.9, which is generally https://dotbig.com/markets/stocks/XPEV/ considered an acceptable ratio of short interest to trading volume. According to analysts’ consensus price target of $36.32, XPeng has a forecasted upside of 361.4% from its current price of $7.87. The company’s average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.
Xpeng Stock Today
This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from https://dotbig.com/ 2 to -2 . This is a lower news sentiment than the 0.31 average news sentiment score of Auto/Tires/Trucks companies.
There is no support from accumulated volume below today’s level and given the right condition the stock may perform very badly in the next couple of days. If you agree that this is irrational and represents an opportunity, then here’s something else https://twitter.com/forexcom?lang=en to consider. Just recently, XPeng earned its third consecutive annual AA rating from MSCI ESG Research. This puts XPeng among the top carmakers in the world in terms of ESG performance. I wrote this article myself, and it expresses my own opinions.
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Sure, this will generate some publicity for XPeng, but prospective investors should also consider the market-disrupting potential here. On Oct. 24, XPeng held its annual its annual Tech Day event at its headquarters in Guangzhou. Additionally, XPeng has a powerful electric SUV that charges very quickly, not to mention an electric flying car that could become a disruptive force in an emerging industry.
Xpeng Inc Xpev: The Stock Ticks All The Boxes For Top Investors
Xi Jinpingsecured his third term in power on Sunday by winning re-election asgeneral secretary of the Chinese Communist Party. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. With xpeng stock forecast no support below and resistance from accumulated volume @ $0.510 (7.12%) our system find the risk reward not very attractive. Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate. On top of that, XPeng received an ESG score of 49 from the Dow Jones Sustainability Index.
According to 30 stock analysts, the average 12-month stock price forecast for nasdaq XPEV is $31.44, which predicts an increase of 293.49%. But Chinese EV stocks remain in a bear market due to China’s recent tech crackdown. Regulatory officials have been scrutinizing data security and automated driving functions of “smart” vehicles, after Tesla’s recent backlash over safety issues. Group leader Tesla has been trading choppily in recent weeks which also hindered EV stocks. However, shares have struggled in 2022 as the market turned away from growth stocks like XPeng. Shares fell from around 50 a share to a low of around 18 in May.