XPEV Stock Summary and Trading Ideas (Xpeng American Depositary Shares Each Representing Two Class A | NYSE:XPEV)

Founded in 2015, XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China's passenger vehicle market. The company sold over 141,000 EVs in 2023, accounting for about 2% of China's passenger new energy vehicle market. It is also a leader in autonomous driving technology.

Xpeng American Depositary Shares Each Representing Two Class A trades on the NYSE stock market under the symbol XPEV.

As of June 28, 2024, XPEV stock price declined to $7.33 with 12,020,354 million shares trading.

XPEV has a beta of 2.28, meaning it tends to be more sensitive to market movements. XPEV has a correlation of 0.09 to the broad based SPY ETF.

XPEV has a market cap of $6.92 billion. This is considered a Mid Cap stock.

Last quarter Xpeng American Depositary Shares Each Representing Two Class A reported $907 million in Revenue and -$.21 earnings per share. This beat revenue expectation by $40 million and exceeded earnings estimates by $.06.

In the last 3 years, XPEV stock traded as high as $56.45 and as low as $6.18.

The top ETF exchange traded funds that XPEV belongs to (by Net Assets): PBW, DRIV, KOMP, SMOG, PGJ.

XPEV has underperformed the market in the last year with a return of -37.8%, while the SPY ETF gained +26.3%. In the last 3 month period, XPEV fell short of the market, returning -4.6%, while SPY returned +4.4%. However, in the most recent 2 weeks XPEV has outperformed the stock market by returning +1.9%, while SPY returned +0.6%.

XPEV support price is $7.45 and resistance is $7.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XPEV stock will trade within this expected range on the day.