Shares of Xpeng(NYSE: XPEV), a Chinese electric vehicle (EV) company, are falling today just one day after its share price popped 27%. Today's drop might have come from investors reacting to a press release stating that the EV company led a $200 million investment into a fund that backs EVs and other start-ups.
Full Answer
Why are Xpeng shares falling today?
Mar 14, 2022 · XPeng (XPEV) stock has lost -22.42% of its value in the previous five sessions and moved -43.75% over the past one month, but has lost -54.48% on a year-to-date basis. The stock’s 50-day moving average of $38.50 is above the 200-day moving average of $41.05. Moreover, the stock is currently trading at an RSI of 28.39.
Why are Chinese electric vehicle Stocks Down Today?
4 hours ago · Why Is XPEV Stock Up Today? The large credit limit speaks to Xpeng’s market position as a competent EV producer. The capital will …
Should I Sell my $xpev?
Mar 17, 2022 · What happened Shares of Xpeng (NYSE: XPEV), a Chinese electric vehicle (EV) company, are falling today just one day after its share price popped 27%. Today's drop might have come from investors...
Will xpev dominate the EV market in China?
Jul 27, 2021 · Shares of three prominent Chinese electric vehicle makers -- Nio ( NIO -3.52% ), XPeng Motors ( XPEV -1.56% ), and Li Auto ( LI -1.01% ) -- …
Why is XPeng stock down?
Rising costs and supply-chain problems, such as a lack of semiconductors, are two reasons margins dropped. Overall, the results look a little better than expected, but XPeng also said it expects to deliver about 33,750 vehicles in the first quarter.Mar 28, 2022
Is XPEV stock a good buy?
Should investors consider buying XPeng stock? Currently, the stock market is in an uptrend, which means it's best to proceed with new buys and protect your assets as much as possible. But investors should still be identifying top watchlist stocks for when the uptrend does resume.Apr 1, 2022
Will XPEV go up?
Market consensus already expects XPeng's top line expansion to slow from +252% in fiscal 2021 to +97% in FY 2022. Besides a higher base for comparison in 2021, it is possible that supply chain disruptions could be a drag on Chinese electric vehicle sales in 2022.Mar 18, 2022
Is XPEV being shorted?
This table shows the number of shares of US:XPEV available to be shorted at a leading prime brokerage. It is not the total number of shares available to short, nor is it the short interest....Short Interest18,350,423 shares - source: NYSEShort Interest Ratio1.41 Days to Cover3 more rows
Is XPEV overvalued?
Price to Book Ratio PB vs Industry: XPEV is overvalued based on its PB Ratio (3.6x) compared to the US Auto industry average (3.3x).
What will XPEV be worth in 5 years?
AI-based Wallet Investor's XPEV stock forecast suggests the stock price could reach $55.78 in a year's time rising to $106 in five years.
What is XPEV stock prediction?
Xpeng Inc (NYSE:XPEV) The 26 analysts offering 12-month price forecasts for Xpeng Inc have a median target of 43.59, with a high estimate of 65.65 and a low estimate of 15.42. The median estimate represents a +82.53% increase from the last price of 23.88.
What is XPEV target price?
Analyst Price Target on XPEV Based on 11 Wall Street analysts offering 12 month price targets for XPeng, Inc. ADR in the last 3 months. The average price target is $43.62 with a high forecast of $67.00 and a low forecast of $28.19. The average price target represents a 60.43% change from the last price of $27.19.
What will lucid stock be worth in 5 years?
The LCID (“LCID” ) future stock price will be 119.160 USD in 5 years. The long-term earning potential is +7.44% in one year. Retail traders have long been drawn to EV stocks, and several have gone public with a blank-check vehicle known as a SPAC – a move that attracts even more retail traders.Mar 16, 2022
Is XPEV an ADR?
XPEV | XPeng Inc. ADR Stock Overview (U.S.: NYSE) | Barron's.
What happened
Shares of three prominent Chinese electric vehicle makers -- Nio ( NIO -1.52% ), XPeng Motors ( XPEV -3.19% ), and Li Auto ( LI -5.40% ) -- were trading sharply lower on Tuesday, on growing concerns about the Chinese government's ongoing actions to restrict technology companies.
So what
There was no major company-specific (or sector-specific) news pushing these companies' stocks lower. It appears that all were dropping as part of a broader sell-off of U.S.-listed shares of Chinese technology companies.
NYSE: NIO
Earlier this month, China's government said it has launched cybersecurity reviews on a number of companies that have listed on U.S. stock exchanges in 2021, including ride-hailing giant DiDi Global, online job-listing platform Kanzhun, and Full Truck Alliance, which provides services similar to ridesharing for the trucking industry.
Now what
We may get more clarity around what's happening when we hear from the companies during their second-quarter earnings calls. None of the three have yet announced dates for their quarterly reports, but based on past reports' timing I expect them all in the second half of August.
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Why Chinese stocks are falling
Last week, China announced a five-year plan that called for greater control of the economy. Over the last five decades, China has gradually opened up its economy, which has helped Chinese consumers and companies.
China tech crackdown
Meanwhile, under Xi Jinping’s leadership, China has been clamping down on several sectors of the economy. Companies like Alibaba, which have helped increase China’s reputation abroad, have been targeted in a severe crackdown.
Have Chinese stocks become uninvestable?
U.S.-China ties are set to sour more. One fallout of the bitterness in U.S.-China relations would be Chinese companies listed on U.S. exchanges. If anything, these companies are facing a double whammy.
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