Shares of Chinese electric-vehicle (EV) maker Xpeng (XPEV -1.44%) were trading higher on Tuesday, after the company reported that it was able to increase deliveries sequentially in May despite an ongoing global shortage of semiconductors. As of 2:30 p.m. EDT, Xpeng's American depositary shares were up about 7.9% from Friday's closing price.
Is Xpeng (Xpeng) a good stock to buy now?
Only 24.34% of the stock of XPeng is held by institutions. Earnings for XPeng are expected to grow in the coming year, from ($1.02) to ($0.78) per share. The P/E ratio of XPeng is -56.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Will Xpeng stock outperform or underperform the S&P 500 over the long term?
Vote “Outperform” if you believe XPEV will outperform the S&P 500 over the long term. Vote “Underperform” if you believe XPEV will underperform the S&P 500 over the long term. You may vote once every thirty days. XPeng does not currently pay a dividend. XPeng does not have a long track record of dividend growth.
How did Xpeng’s short interest increase in November?
XPeng saw a increase in short interest in the month of November. As of November 30th, there was short interest totaling 13,320,000 shares, an increase of 17.0% from the November 15th total of 11,380,000 shares. Based on an average trading volume of 10,900,000 shares, the short-interest ratio is presently 1.2 days.
What is Xpeng's PE (earnings) ratio?
Earnings for XPeng are expected to grow in the coming year, from ($1.02) to ($0.78) per share. The P/E ratio of XPeng is -56.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Why XPeng stock is down?
Coming into Tuesday trading, XPeng shares are down about 46% year to date. Inflation, rising interest rates and renewed fears about delisting of Chinese stocks from U.S. exchanges have significantly dented investor sentiment.
Will XPEV go up?
Looking forward, XPeng expects to achieve vehicle deliveries of 35,500 units (mid-point of guidance) in the fourth quarter of 2021, which would be equivalent to a +174% YoY increase. XPEV also guided that its revenue should jump by +156% YoY to RMB7.
Is XPeng making money?
EV sales, including plug-in hybrids, rose by about 170% in 2021 to close to 3 million units, and EV penetration as a percentage of new-car sales in China stood at approximately 15% last year and this number is only poised to grow. Consensus estimates for Xpeng's revenue project roughly 100% growth this year.
Is XPEV a buy or sell?
Is XPENG Stock a good buy in 2022, according to Wall Street analysts? The consensus among 7 Wall Street analysts covering (NYSE: XPEV) stock is to Strong Buy XPEV stock.
Is XPeng undervalued?
XPeng's potential is undervalued in the fast growing Chinese EV market.
What is the forecast for XPeng?
Stock Price Forecast The 26 analysts offering 12-month price forecasts for Xpeng Inc have a median target of 41.44, with a high estimate of 64.02 and a low estimate of 15.04. The median estimate represents a +86.07% increase from the last price of 22.27.
Should I invest in NIO or XPeng?
Which One's the Winner? Both Nio and Xpeng represent Strong Buys in the Chinese EV industry. Yet, it's clear that the financial and EV delivery data, while impressive for both companies, tend to favor Xpeng.
Who is XPeng backed by?
In July 2020, XPeng raised $500 million from a group of investors including Aspex, Coatue, Hillhouse Capital and Sequoia Capital China. In August 2020, XPeng raised an additional $400 million from a group of investors including Alibaba, Qatar Investment Authority and Abu Dhabi's sovereign wealth fund Mubadala.
Is XPeng owned by Chinese government?
Xpeng CEO He Xiaopeng stands next to the company's P7 electric sedan as he addresses media at the 2020 Beijing auto show. GUANGZHOU, China — Electric carmaker Xpeng Motors has got a new round of investment from the government of the southern Chinese province of Guangdong.
Is XPEV overvalued?
Price to Book Ratio PB vs Industry: XPEV is overvalued based on its Price-To-Book Ratio (3.2x) compared to the US Auto industry average (3.1x).
Can I buy Xpeng in USA?
Chinese automaker Xpeng has released pricing information for its third electric car, the P5 sedan. While the P5 is destined for Europe in addition to Xpeng's home market, it's unlikely to reach the United States.
Is NIO a buy Zacks?
Zacks' proprietary data indicates that NIO Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the NIO shares relative to the market in the next few months.
What Happened With Xpeng Stock
Xpeng Motors reported that it delivered 25,666 cars in the three months that ended on Oct. 31, which was a 200% increase from the same period of 2020. Those deliveries fueled a 187% surge in Xpeng’s revenues to 5.72 billion yuan, which was far ahead of the consensus forecast of 4.8 billion yuan.
Why It Matters
The electric vehicle market is red hot right now following the blockbuster IPO of Rivian Automotive ( NASDAQ: RIVN ). RIVN shares are up 17% since its market debut on Nov. 10, and had been up more than 50% in recent days.
What chip shortage? Xpeng posted a nice deliveries gain in May
John Rosevear is the senior auto specialist for Fool.com. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Follow @john__rosevear
What happened
Shares of Chinese electric-vehicle (EV) maker Xpeng ( NYSE:XPEV) were trading higher on Tuesday, after the company reported that it was able to increase deliveries sequentially in May despite an ongoing global shortage of semiconductors.
So what
Xpeng said that it delivered 5,686 vehicles in May, up 483% from a year ago and up 10% from its April total. The sequential (month-over-month) result is significant because many China-based automakers, including Xpeng rival NIO ( NYSE:NIO), reported manufacturing fewer vehicles than planned in May due to the global chip shortage.
Now what
During its first-quarter earnings call last month, Xpeng told auto investors that it expects to deliver between 15,500 and 16,000 vehicles in the second quarter, generating revenue between 3.4 billion Chinese yuan and 3.5 billion yuan.
Key Points
XPeng is now included in the Shenzhen-Hong Kong Stock Connect program.
NYSE: XPEV
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What happened
The stock of Chinese electric car maker XPeng ( XPEV 1.36% ) got a boost Wednesday morning when the company announced a change in the availability if its shares to Chinese investors. XPeng's American depositary shares popped over 11% in early trading, and still held a gain of 6.2% as of 10:28 a.m. ET.
So what
Effective today, XPeng's ordinary shares trading on the Hong Kong exchange have been included in a trading link called the Shenzhen-Hong Kong Stock Connect program. The inclusion allows qualified investors in mainland China an easier way to own XPeng stock.
Now what
The company said the move makes XPeng the first EV company listed in Hong Kong to be included in the Stock Connect program.
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About XPeng
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 name; and four-door sports sedan under the P7 name. The company also provides sales contract, maintenance, super charging, vehicle leasing, and ride-hailing services. XPeng Inc.
Headlines
Is Xpeng Following Rival Nio Into Battery Swap Business? What You Need To Know - Benzinga - Benzinga
XPeng (NYSE:XPEV) Frequently Asked Questions
9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for XPeng in the last twelve months. There are currently 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" XPeng stock. View analyst ratings for XPeng or view top-rated stocks.