Streetbeat News

XPEV

XPeng Inc.

Industry

Auto - Manufacturers

XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.

Open

12.70

Mkt cap

13B

Volume

12M

High

12.81

P/E Ratio

-10.53

52-wk high

18.74

Low

12.34

Div yield

N/A

52-wk low

6.55

In Friday's mid-day session, several stocks saw significant movement. Addentax Group Corp. (ATXG) shares jumped 47.3% following the launch of an AI internet operational tools project with top Games-as-a-Service firms. Cineverse Corp. (CNVS) fell 17.8% after reporting weak Q4 sales. Other notable movers include CymaBay Therapeutics, Inc. (CBAY), Cyteir Therapeutics, Inc. (CYT), and Renalytix Plc (RNLX).

Portfolio Pulse from Lisa Levin

June 30, 2023 | 4:34 pm

U.S. stocks traded higher on Friday with the Dow Jones gaining over 200 points. Several companies saw significant gains, including Addentax Group Corp., CymaBay Therapeutics, TOP Financial Group Limited, Friedman Industries, Rackspace Technology, MicroVision, XPeng Inc., Alvotech, Digital Turbine, Savara Inc., Vitru Limited, Arcutis Biotherapeutics, Aurinia Pharmaceuticals Inc., Accolade, Inc., Bausch + Lomb Corporation, Carnival Corporation, SMART Global Holdings, Inc., GoGreen Investments Corporation, and NIO Inc.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 2:27 pm

During Friday's pre-market session, several consumer discretionary stocks experienced significant movement. Amesite (AMST), XPeng (XPEV), Sonder Holdings (SOND), Vacasa (VCSA), Lazydays Hldgs (LAZY), and Camping World Holdings (CWH) saw gains, while Golden Sun Education Gr (GSUN), Cricut (CRCT), Greenlane Hldgs (GNLN), Jowell Global (JWEL), Emerson Radio (MSN), and Torrid Holdings (CURV) experienced losses.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 1:12 pm

Renalytix AI (RNLX) received FDA approval for KidneyIntelX.dkd, a tool to assess kidney function risk in diabetic adults. TOP Financial reported a decrease in FY23 EPS to $0.10 from $0.12, but a 24% increase in total revenues to $9.7M. XPeng (XPEV) was upgraded to 'Outperform' by CLSA, with a raised price target of $13.1.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 12:37 pm

XPeng's stock has been upgraded from Buy to Outperform by CLSA, with the price target raised from $10 to $13.1. This has resulted in XPeng shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 11:02 am

CLSA analyst Ding Luo has upgraded XPeng (NYSE:XPEV) from Buy to Outperform and raised the price target from $10 to $13.1.

Portfolio Pulse from richadhand@benzinga.com

June 30, 2023 | 9:23 am

Xpeng has launched its G6 Ultra Smart Coupe SUV in China, leading to a 6.76% increase in its premarket shares.

Portfolio Pulse from Charles Gross

June 30, 2023 | 8:51 am

DigiTimes reports that the recovery of the Chinese auto market is expected to be insignificant in June. The report may mention US-listed companies BYD Co Ltd (BYDDF), Li Auto Inc. (LI), NIO Inc. (NIO), Tesla Inc. (TSLA), and XPeng Inc. (XPEV).

Portfolio Pulse from Charles Gross

June 28, 2023 | 11:48 am

Shares of XPeng Inc - ADR (NYSE:XPEV) are trading higher by 5.60% to $10.75 during Tuesday's session. This is following Chinese Premier Li Qiang's announcement that China is on track to reach its 5% annual growth target and plans to stimulate markets and open select sectors of its economy to international participation. Li also assured the government's continued support for the presence of foreign companies and addressed concerns regarding new data management regulations.

Portfolio Pulse from Henry Khederian

June 27, 2023 | 5:55 pm

Tesla's new vehicle registrations in China reached 16,700 units for the week ended June 25, showing an acceleration from previous weeks. The company is expected to report strong Q2 deliveries, with Future Fund's Gary Black predicting a record 450,000 units.

Portfolio Pulse from Shanthi Rexaline

June 27, 2023 | 12:33 pm

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