Another Downgrade for XPEV Shares

By Scott Lee • Wednesday, January 11 10:29 • Permanent Link

XPEV investors were likely spooked this morning by Barrons's report: "Another analyst downgraded XPeng stock as concern on Wall Street about the company, and Chinese electric vehicle makers, increases. Wednesday, J.P. Morgan analyst Nick Lai cut his rating on XPeng stock to Hold from Buy. His price target went to $9 a share from $11." For more coverage, read the full article here. On the back of this news, XPeng sank -1.1% to a price of $9.97. Are the markets overreacting?

XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 24.11 and an average price to book (P/B) ratio of 3.11. In contrast, XPeng has a trailing 12 month P/E ratio of -9.7 and a P/B ratio of 0.2.

XPeng has moved -79.1% over the last year compared to -17.1% for the S&P 500 -- a difference of -62.1%. XPeng has a 52 week high of $49.72 and a 52 week low of $6.18.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.