For example, Li Auto stock delivered 34,914 vehicles for the month (a 7x increase over the last year), while Nio sold about 19,329 (81% year-over-year increase). Chinese companies from BYD to Leapmotor launched electric vehicles for international markets while Xpeng announced plans to expand into Germany. Sometimes, this institutional investment is enough for us to think a stock is undervalued. I think the case holds true for ACHR as one of those best flying car stocks. The thesis is made clearer when one also examines its other valuation and financial ratios and technicals. BYD and XPeng are showing off new electric vehicles for the European market at the IAA Mobility event in Germany.
There’s a good reason to consider that JOBY stock is undervalued. It was recently ranked as the most promising project in the Urban Air Mobility market by the Advanced Air Mobility Reality Index (AAM Reality Index) from SMG liquidity crunch meaning Consulting. XPEV earnings call for the period ending September 30, 2022. EV sales in China decreased meaningfully in the first quarter. Xpeng surprised the market with a new, long-term strategic partnership with Volkswagen.
(XPEV) raised $1 billion in an initial public offering on Thursday, August 27th 2020. The company issued 85,000,000 shares at $11.00-$13.00 per share. Credit Suisse, J.P. Morgan and BofA Securities served as the underwriters for the IPO and ABCI, BOC International, Futu, Haitong International and Tiger Brokers were co-managers.
This also falls short of the Sharpe of 1.3 for the Trefis Reinforced Value portfolio. Sharpe is a measure of return per unit of risk, and high-performance portfolios can provide the best of both worlds. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Xpeng Inc. agreed to buy Didi Global Inc.’s smart-car development arm in an all-stock deal that will see Didi emerge with a 3.25% stake in Xpeng. The scores are based on the trading styles of Value, Growth, and Momentum.
The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.17 billion-$1.24 billion, compared to the consensus revenue estimate of $1.34 billion. These companies are pioneering today’s future of transportation.
Style is calculated by combining value and growth scores, which are first individually calculated. Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others. According to Barron’s XPEV stock has gained traction on Wall Street, with BofA Securities analyst Ming Hsun Lee upgrading it to “Buy” from “Hold” and setting a price target of $22, up from $16.30. But perhaps what’s best about these flying car stocks today is that they can be bought up at attractive entry points.
Founded in 2015, XPeng is a leading Chinese smart electric vehicle, or EV, 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 120,000 EVs in 2022, accounting for about 2% of China’s passenger new energy vehicle market.
- One share of XPEV stock can currently be purchased for approximately $18.07.
- The company sold over 120,000 EVs in 2022, accounting for about 2% of China’s passenger new energy vehicle market.
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XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles (EV) in the People’s Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. XPeng Inc. has a strategic partnership with DiDi Global Inc. to enhance the adoption of smart EVs and technologies. The company was founded in 2015 and is headquartered in Guangzhou, the People’s Republic of China.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
Didi Global Inc. has agreed to sell its smart car development arm to Xpeng Inc. for $744 million, exiting a promising business in the world’s largest electric vehicle market. Chinese luxury electric vehicle maker Xpeng stock published its delivery numbers for August, indicating that it sold a total of 13,690 vehicles. While this marks a 43% increase year-over-year and a 24% increase over the prior month, the company’s growth and numbers still lag behind rivals such as Li Auto and Nio.
Chinese electric car company Xpeng has signed yet another joint car production deal. Chinese EV maker XPeng (XPEV) signs a $744 million development deal with ride-share giant Didi (DIDIY). VinFast (VFS) shares have extended gains since its IPO debut two weeks ago. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
13 brokers have issued 1 year target prices for XPeng’s stock. Their XPEV share price forecasts range from $8.00 to $25.30. On average, they expect the company’s stock price to reach $16.10 in the next twelve months. This suggests that the stock has a possible downside of 10.9%. View analysts price targets for XPEV or view top-rated stocks among Wall Street analysts.
This puts Xiaopeng He in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 33.0% of employees surveyed would recommend working at XPeng to a friend. XPEV’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Tesla Finally Raised Prices. Why the Stock Is Tumbling.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Shares of Nio Inc. were knocked lower Wednesday, as investors expressed concerns about the European Union’s investigation into government subsidies that China-based electric vehicle makers receive. XPEV shares are trading higher Monday amid strong August electric vehicle sales in China. It trades above its long-term moving averages, in addition to there being a strong linear regression channel to the upside.
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. XPeng’s stock was trading at $9.94 at the beginning of 2023. Since then, XPEV shares have increased by 81.8% and is now trading at $18.07. Also, over the long term, it’s also making higher highs and higher lows, which is a classic tell-tale case of a stock experiencing strong momentum. With these factors considered, it’s clear that this bullish thesis stands up to scrutiny.
Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI. The Chinese automakers are facing a margin squeeze due to ongoing price wars at home, so expanding to new markets could potentially provide some aid. However, EV sales picked up in Southeast Asia and South America, but European markets remain strenuous for Chinese EV makers. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.
13 Wall Street analysts have issued ”buy,” ”hold,” and ”sell” ratings for XPeng in the last year. There are currently 4 sell ratings, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should ”hold” XPEV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in XPEV, but not buy additional shares or sell existing shares.
Its price-to-sales (P/S) ratio stands at only 5.60, making it a relative bargain compared with other flying car stocks. Another reason is that JOBY has no long-term debt and trades below the analyst consensus price target of $8.80. Its performance year to date has been stellar, gaining 117.31%. It has continued to trade at a stable trendline since August and there’s upside momentum, which suggests a higher stock price could soon be on the cards. According to 13 analysts, the average rating for XPEV stock is ”Hold.” The 12-month stock price forecast is $16.55, which is a decrease of -9.59% from the latest price. The company said that it sold 7,068 units of the vehicle for the month of August.
- A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
- 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.
- China’s car hailing giant Didi said it is selling its autonomous vehicle unit to electric car company Xpeng, forming a strategic partnership to launch a new car brand in 2024.
- Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups.
The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of XPEV stock can currently be purchased for approximately $18.07. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
XPeng plans to launch a new EV brand in 2024, targeting the mass market segment at a price range of around 150,000 Chinese yuan ($20,565). Traditional automakers are looking to boost the software and driverless https://1investing.in/ features of their cars in a bid to catch up to Tesla and appeal to Chinese consumers. The move looks like a bid to shore up legacy car makers such as Volkswagen, Mercedes-Benz, and Stellantis.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Tomi Kilgore is MarketWatch’s deputy investing and corporate news editor and is based in New York. The index, updated monthly, gave Joby a score of 8.7 out of 10. The ranking criteria consider factors like funding, leadership team, technology readiness, certification progress, and production readiness. Get access to powerful investment discovery tools and a wealth of investment education to help you achieve your financial goals. Tesla has been cutting vehicle prices in China and elsewhere, so cost-saving opportunities are critical for competitors.
Some are undervalued because of mis-pricing while others are below their long-term inflection points. Flying car stocks may have been dismissed even a few years ago as risky fantasies, but today they’re lifting off. Interestingly, XPEV has had a Sharpe Ratio of 0.4 since early 2017, lower than 0.6 for the S&P 500 Index over the same period.