| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
XPeng Inc (NYSE:XPEV) shares traded slightly higher premarket Wednesday after falling recently following the company’s release of its second-quarter financial results on Tuesday.
What Happened: XPeng saw its sales rise by 60.2% year-over-year, reaching $1.12 billion. Despite this increase, the result was below the anticipated $1.13 billion. Sequentially, revenues rose by 23.9%. The company meanwhile reported an 18 cent loss per ADS, which met analysts' expectations.
XPeng’s revenue from vehicle sales climbed 54.1% compared to last year, amounting to $0.94 billion. The gross margin improved markedly to 14.0%, recovering from a negative margin a year earlier.
Vehicle margins also improved to 6.4% from -8.6%, thanks to cost-cutting measures and a more favorable model mix.
XPeng's share price has dropped 52% so far this year, driven by fierce domestic price competition.
What Else: The company projects vehicle deliveries for the third quarter to be between 41,000 and 45,000, representing a year-over-year increase of 2.5% to 12.5%. XPeng also expects third-quarter revenues to range from 9.1 to 9.8 billion Yuan, which is below the consensus estimate of 10.50 billion Yuan.
Read Also: AMD Analysts On ZT Systems Buy: ‘A Step In The Right Direction’ To Narrow Gap With Nvidia
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in XPeng’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, XPEV has a 52-week high of $19.96 and a 52-week low of $6.55.
Posted In: XPEV
