Xpeng Inc (XPEV)

What is Xpeng Inc (XPEV) ?

Xpeng Inc. is a China-based company engaged in designing, manufacturing and marketing intelligent electric vehicles. The company also offers contract sales, maintenance, supercharging, vehicle leasing and ride-sharing services. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, PRC.

XPEV, is it a good pick?

The development left Xpeng as the eighth most traded stock on the Hong Kong-Mainland Stock Connect and the most net shares bought by mainland Chinese investors on the Hong Kong-Shenzhen Stock Connect. On November 23rd published revenue was $5.72B, these were higher than the forecast of $5.03B. and the following results are expected on March 7th with an income of $7.45B.

Technical analysis

From Dec 17th to Jan 3rd the share price went up 28.18%to a price of $51.42. From Jan 3rd to Jan 28th the share price dropped -40.52% to a price of $30.72. From Jan 28th to Feb 17th the share price went up 32.69% to a price of $40.82 The MACD shows that the stock is going up and the RSI is in the neutral zone and started to rise, therefore then the stock price could go up around 4.04% to a price of $42.57.