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- Shares of Xpeng (XPEV) were up 4.3% in the pre-market session today.
- About the company.
- The overall average score and short-term technicals.
- Is it worth to buy XPEV stock?
Shares of Xpeng (XPEV) rose 4.3 percent in the premarket session today after Chairman He Xiaopeng increased his stake by $30 million. For that money, Xiaopeng managed to buy 2.2 million shares.
Investor confidence may be starting to rebound after the stock managed to lose about 63% in price over the past year. And the stock has been in a bearish trend in recent days, despite the approaching delivery of the company’s G9 SUV.
About the company.
XPeng (XPEV) is one of China’s largest companies that makes smart electric vehicles aimed mainly at middle class consumers.Headquartered in Guangzhou, China. The main offices are in Beijing, Shanghai, Amsterdam, Silicon Valley and San Diego.
The main production facility is located in Zhaoqing, Guangdong Province.
To optimize the mobility of its customers, the company is developing a comprehensive and innovative driver assistance system technology. It is also developing an intelligent vehicle operating system and major vehicle systems, including electronic architecture and transmission.
The company’s overall average score and short-term technical performance.
XPEV stock rose $0.59 during the premarket session to close at $13.71. In the premarket, investors typically trade only during standard hours, so trading volume is lower and volatility is higher.
When investors start evaluating stocks, the starting point is the average total score.
XPEV has an average overall score of 38, meaning that the stock has a better value than 38% of the stock at the current price.
The average short-term technical score on the rating system is 60. This means that the stock’s trading pattern has been neutral over the past month. Short-term technical scores are useful for short-term options and stock traders. According to these metrics, XPeng Inc. ranks 164th among other car manufacturers.
Is XPEV stock worth buying?
According to TipRanks the company has a consensus rating of “Strong Buy.” The average target price is $44.02. The stock has very strong upside, up 221.08% to $152.
Source: Tipranks
At the same time, other experts are concerned that sales of the new G9 SUV might be lower than expected because of its high price. The price for the new SUV will range from $44,000 to $67,000.
There is also still a risk of repeated city blockades in China, which means manufacturing and logistics problems. Tim Xiao, an analyst at Morgan Stanley, makes this point: «any potential disruption to XPeng production as a result of the recent blockage in Guangzhou» will also play a role in the stock’s short-term trajectory.
That’s why some experts continue to maintain a “hold” or “sell” recommendation.
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