Recommendation: Speculative Buy
Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Potential Upside |
---|---|---|---|---|---|---|---|
22 Oct, 24 | XPEV | Speculative Buy | USD 10.98 | USD 11.97 | USD 12.85 | 6 days | 17.0% |
Data Powered by EOD Historical Data (“EODHD”).
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. The company also provides sales contracts, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services. In addition, it offers advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems, including powertrain and the electrical and electronic architecture. 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.
Lower Credit Risk Exposure: Debt-Equity of 0,35x in Q1 FY24 vs Industry Median of 0.37x
Higher Liquidity: Current Ratio of 1.50x in Q1 FY24 vs Industry Median of 1.43x
Operating Inefficiency: Asset Turnover of 0.08x in Q1 FY24 vs Industry Median of 0.16x
Lower Profitability: Gross Margin of 12.9% in Q1 FY24 vs Industry Median of 17.3%
Innovation Pressure, Brand Reputation, Intensified Competition, Technological Integration, Export Challenges, Consumer Trends, etc.
Entry Price | Support* | Target 1 | Target 2 |
---|---|---|---|
10.98 | 9.55 | 11.97 | 12.85 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
XPEV's stock price is currently near a crucial trendline resistance that has previously served as a significant supply zone. Unless the price manages to regain its key moving averages and reach new highs, the stock is likely to remain in a consolidation phase. Additionally, the 14-day Relative Strength Index (RSI) is situated near its midpoint, indicating a lack of bullish momentum. On a positive note, AUTL is trading above both its 50-day simple moving averages, providing immediate support. However, if the stock falls below these levels, it may trigger increased selling pressure.
As per the above-mentioned technical indicators analysis, a ‘Speculative Buy’ rating has been given to XPeng Inc. (NYSE: XPEV) at the current market price of USD 10.98 as of 22 October 2024 at 08:45 AM PDT.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Consumer Cyclical Industry: Auto Manufacturers
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
XPEV Xpeng Inc |
-0.075 0.59% | 12.56 | - | - | 0.61 | 3.25 | 0.58 | -1.2654 |
TSLA Tesla Inc |
2.22 0.53% | 423.28 | 45.91 | 67.57 | 5.67 | 8.35 | 12.42 | 58.23 |
TOYOF Toyota Motor Corp |
0.62 3.57% | 18.00 | 8.97 | 9.44 | 0.0059 | 1.11 | 0.0097 | 0.05 |
TM Toyota Motor Corporation ADR |
0.95 0.53% | 179.12 | 8.97 | 9.29 | 0.006 | 1.10 | 0.0097 | 0.05 |
BYDDY BYD Co Ltd ADR |
0.06 0.09% | 69.16 | 22.64 | 15.60 | 0.17 | 4.62 | 1.08 | 16.52 |
Data Powered by EOD Historical Data (“EODHD”).
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is October 22, 2024 at 08:55 AM PDT. The reference data in this report has been partly sourced from REFINITIV.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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