Saturday, June 25, 2022

Investing in XPeng Inc. (XPEV) Is Getting More Attractive

Macquarie initiated its XPeng Inc. [XPEV] rating to an Outperform in a research note published on Tuesday, May 25, 2022; the price target was $38.20. PT values the company’s stock at a premium of 21.23 to its Tuesday closing price. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. China Renaissance began covering XPEV with a “Buy” recommendation on March 24, 2022. CLSA started covering the stock on March 23, 2022. It rated XPEV as “a Buy”.


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Price Performance Review of XPEV

On Tuesday, XPeng Inc. [NYSE:XPEV] saw its stock jump 6.82% to $30.09. On the same session, the stock had its day’s lowest price of $29.20, but rose to a high of $30.67. Over the last five days, the stock has gained 25.64%. XPeng Inc. shares have fallen nearly -40.21% since the year began. Nevertheless, the stocks have fallen -31.03% over the past one year. While a 52-week high of $56.45 was reached on 01/03/22, a 52-week low of $18.01 was recorded on 03/14/22. SMA at 50 days reached $24.34, while 200 days put it at $35.82. A total of 15.2 million shares were traded, compared to the trading of 6.42 million shares in the previous session.

Levels Of Support And Resistance For XPEV Stock

The 24-hour chart illustrates a support level at 29.30, which if violated will result in even more drops to 28.52. On the upside, there is a resistance level at 30.77. A further resistance level may holdings at 31.46. The Relative Strength Index (RSI) on the 14-day chart is 64.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.11%. Stochastics %K at 92.42% indicates the stock is a selling.

XPeng Inc. [XPEV] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 15,595,805 shares, or roughly 2.39% of the outstanding XPEV shares. In other words, the investor’s shares have fallen by -934,729 from its previous 13-F filing of 16530534.0. Additionally, The Vanguard Group, Inc. increased 1.62% of its stake after which the total value it holdings stand at $333,582,477, while Tiger Global Management LLC added 120.33% of its stake to hold $322.53 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 457,592 shares of XPeng Inc., while PRIMECAP Management Co. bought 1,834,290 shares. At present, Capital Research & Management Co is holding 8,565,120 shares valued at $201.28 million. SSgA Funds Management, Inc. owned 7,609,042 shares of the company at the time of its most recent 13F filing, worth $178.81 million.

According to FactSet, XPeng Inc.’s share price will average $253.95 in the next year, based on opinions of analysts polled by the firm. This is up nearly 756.34 percent from its previous closing price of $28.17. Analysts expect XPeng Inc. stock to reach the higher price of $411.51, while the lowest price estimate is $84.33. However, 33 analysts have rated XPEV stock as a Buy in their predictions for 2022. The most recent change occurred on February 08, 2022 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $33 price target.

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