Chinese electric vehicle maker XPeng posted a fourth-quarter loss that was narrower than analysts’ expectations.
XPeng incurred a loss of -$202 million in the quarter, or -22 cents on an adjusted per-share basis, compared to -33 cents a share anticipated by analysts polled by FactSet.
Revenue for the quarter came in at $1.34 billion.
The gross profit margin on XPeng’s vehicle business fell to 10.9% in the fourth quarter from 13.6% in the third quarter, amid higher costs due to supply chain issues and rising commodity prices. But it was still a substantial improvement over the 3.5% vehicle margin in the fourth quarter of 2020.
Global chip shortages kept XPeng’s EVs in relatively short supply amid high demand, thereby giving the company some additional pricing power against rising costs.
The company expects to deliver between 33,500 and 34,000 vehicles this quarter, implying a growth of more than 150% compared to the first quarter of 2021.
CEO He Xiaopeng said that the company is working to further ramp up production further in 2022. XPeng is expecting to deliver more than 10,000 of its flagship P7 sedans in a single month, and is hoping that its new P5 sedan would deliver similar production numbers later this year.
XPEV saw its Momentum Indicator move below the 0 level on March 20, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 55 similar instances where the indicator turned negative. In of the 55 cases, the stock moved further down in the following days. The odds of a decline are at .
The Moving Average Convergence Divergence Histogram (MACD) for XPEV turned negative on March 22, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 34 similar instances when the indicator turned negative. In of the 34 cases the stock turned lower in the days that followed. This puts the odds of success at .
XPEV moved below its 50-day moving average on March 21, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for XPEV crossed bearishly below the 50-day moving average on March 27, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XPEV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XPEV advanced for three days, in of 193 cases, the price rose further within the following month. The odds of a continued upward trend are .
XPEV may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 123 cases where XPEV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.817) is normal, around the industry mean (6.099). P/E Ratio (0.000) is within average values for comparable stocks, (18.248). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.435). XPEV has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (2.266) is also within normal values, averaging (57.981).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. XPEV’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. XPEV’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a designer, developer, and manufacturer smart electric vehicles
Industry MotorVehicles