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

XPeng Inc. (NYSE:XPEV)’s stock price hit 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 changing hands. The stock had previously closed at $6.93.

Analysts Set New Price Targets

A number of research analysts recently commented on XPEV shares. JPMorgan Chase & Co. lowered their price target on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Macquarie started coverage on shares of XPeng in a research report on Monday, April 15th. They set a “neutral” rating and a $7.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, XPeng has a consensus rating of “Hold” and a consensus price target of $17.48.

XPeng Stock Performance

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

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

Institutional Investors Weigh In On XPeng

Institutional investors and hedge funds have recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA lifted its position in XPeng by 322.2% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,450 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of XPeng during the fourth quarter worth about $52,000. Lindbrook Capital LLC boosted its position in XPeng by 33.0% during the third quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock worth $58,000 after acquiring an additional 781 shares during the last quarter. Rakuten Securities Inc. acquired a new position in XPeng during the fourth quarter worth about $59,000. Finally, Headlands Technologies LLC acquired a new position in XPeng in the 3rd quarter valued at about $65,000. 23.05% of the stock is currently owned by institutional investors and hedge funds.

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.