Xpeng Inc Xpev Stock Price, News, Quote & History

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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 family sedans under the P5 dotbig review 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.

Xpeng Stock

City NGP was first announced last year, when Xpeng released Xpilot 3.5, the latest version of its advanced driver-assistance system, https://dotbig.com/markets/stocks/XPEV/ or ADAS. The software enables the car to automatically carry out some driving functions, but requires a driver behind the wheel.

Newsstand

Turning to Wall Street, XPEV has a Moderate Buy consensus rating based on six Buys and three Holds assigned in the past three months. The average https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work price target is $47.40, implying 197.2% upside potential.

  • The averageXPeng price targetis $42.56, implying 109.5% upside potential.
  • The move came as a key player in treatments for eye diseases announced its plans to buy out Aerie and expand its pipeline.
  • XPeng stock can gain in coming months, according to Deutsche Bank analyst Edison Yu.
  • Yu expects the SUV price to come in around 400,000 yuan, or about $58,000.
  • Making matters worse, XPeng’s Q2 net loss was worse than the $288 million loss that analysts had expected.

Naturally, this has put negative pressure on many China-based businesses’ bottom lines. TipRanks is a comprehensive investing tool that allows private investors and day traders to see the measured performance of anyone who provides financial advice. The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.

Vehicle Delivery Guidance: 31,000 Or Less

Citigroup dropped their target price on XPeng from $51.59 to $27.87 and set a “buy” rating on the stock in a report on Wednesday, August 24th. Finally, Nomura downgraded XPeng from a “buy” rating to a “neutral” rating and dropped their target price for the company from $64.60 to $36.30 in a report on Thursday, June 30th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.92. Although there are concerns about a global economic slowdown, amid surging inflation and rising interest rates, demand is unlikely to be an issue for Chinese EV players, in our view. EV sales in China soared 130% to 546,000 units in June, accounting for close to 30% of overall auto sales. The China Passenger Car Association also just raised its forecast for new energy vehicle sales for 2022 to 5.5 million up from a previous expectation of 4.8 million.

Xpeng Stock

The result is already having an impact on the company’s financial figures and vehicle deliveries. XPeng’s management said that vehicle deliveries for the third quarter will be in the range of 29,000 to 31,000, which represents year-over-year growth of just 17%. XPeng’s vehicle margin — which the company defines as gross profit of vehicle sales as a percentage of vehicle sales revenue — slid in the quarter to 9.1%, down from 11% in the year-ago quarter. Rising vehicle costs were a problem for the company, including battery expenses. In the meantime, Xpeng stock price we expect the XPEV stock to continue underperforming, mainly due to the erratic geopolitical relationship between China and the US, as a result of the ongoing semiconductor war. Combined with China’s insistence on the Zero Covid Policy further disrupting the recovery of the global supply chain, we expect to see further headwinds ahead, with things unlikely to improve by the end of 2022. For FY2022, XPEV is expected to report revenues of $5.22B and net incomes of -$1.03B, representing YoY growth of 58.08% though a decline of -34.59%, respectively.

Xpeng Showed Impressive Ev Delivery Growth In August

That’s because in the second quarter of 2021 XPeng wasn’t selling its P5 sedan. The company only began selling the P5 in September, so the second-quarter 2021 sales don’t include any of the vehicle’s revenue. XPeng’s sales soared 97% from the year-ago quarter to $1.1 billion. That strong growth would normally make investors very happy, but the huge increase comes with a bit of an asterisk next to it.

Chinese Ev Maker Xpeng Launches Rival To Tesla’s Semi

Advisors Asset Management Inc. now owns 12,361 shares of the company’s stock worth $341,000 after buying an additional 3,995 shares during the period. 25.15% of the stock is owned by institutional investors and hedge funds. Nomura Instinet restated a “neutral” rating and set a $36.30 price objective on shares of XPeng in a report https://dotbig.com/ on Friday, July 1st. Macquarie downgraded XPeng from an “outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. Barclays downgraded XPeng from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $30.00 to $22.00 in a report on Tuesday, August 23rd.

Nio, Other China

Xpeng Inc. shares fell 3% in premarket trade Tuesday, after the Chinese electric vehicle company . Xpeng posted a loss of RMB778.1 million ($116.2 million) for the quarter to June 30, narrower than the loss of RMB1.619 bi… In order to get the full picture of XPeng’s progress as a business, you’ll need to look back further than the company’s August delivery numbers. After delving into the company’s second-quarter 2022 results, some of which fell short of analysts’ expectations, you’ll probably decide that it’s not a good time to buy Forex news.

What’s more, it will be able to charge fast enough to get more than 100 miles of range in about 5 minutes—as long as the charger can deliver the electricity quickly enough. Yu expects the SUV to be a strong seller for two or three quarters. Advanced self-driving features have become a key selling point for the plethora of Chinese electric car companies in what has become a fiercely competitive market. Xpeng’s rivals including Nio and Baidu’s EV company Jidu, are all developing such technology. The company’s management said that «higher marketing, promotional, and advertising expenses to support vehicle sales» were the culprits, as well as expenses related to the company’s sales network. If we take a look at the company’s deliveries on a sequential basis, the picture isn’t as rosy. Vehicle deliveries actually declined by 139 vehicles from the previous quarter.

Investors keen on adding XPEV may potentially see single digit stock prices by November in our opinion – allowing for a rather attractive but speculative entry point for long-term investing through the end of the decade. dotbig forex But which are the best Chinese stocks to buy or watch right now? China is the world’s most-populous nation and the second-largest economy, with a booming urban middle class and amazing entrepreneurial activity.

Along with those figures, XPeng disclosed that it had delivered a total of 90,085 smart EVs during 2022’s first eight months, indicating a 96% year-over-year increase. With that vehicle delivery growth rate, Xpeng stock XPeng and the company’s bullish investors definitely earned some bragging rights. After we examine XPeng’s recent monthly vehicle delivery report, you may be even more emboldened to buy the stock.

Unfortunately, XPeng’s forecast is actually underwhelming when we put it into context. During Q2 2022, XPeng generated the equivalent of $1.11 billion in revenue . XPeng stated that this number is “comparable to the level of the first quarter of 2022,” so there’s no major quarter-over-quarter growth to report here. Moreover, XPeng’s second-quarter revenue came in roughly in line with Wall Street’s expectations.

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