Bullish option flow was detected in XPEV stock on December 3, 2021, after the stock pulled back over the past few days along with the general market.
- 1 XPEV Stock Bullish Option Flow
- 2 Xpeng delivers 15,613 Smart EVs in November
- 3 Nio, Xpeng, Li Auto look set to grow on bigger sales, Barron’s says
- 4 XPEV stock price target raised to $66 from $63 at BofA
- 5 XPeng price target raised to $92 from $87 at Citi
- 6 VIDEO Electric Vehicle Stocks | XPEV Stock Analysis
- 7 XPEV stock technical analysis
XPEV Stock Bullish Option Flow
Make sure to review this lesson on option flow so that you understand the image above.
Bullish option flow was detected in XPEV stock with 42,770 calls trading, 2x expected, and implied vol increasing over 5 points to 84.40%. Dec-21 $50 calls and Dec-21 $55 calls were the most active options, with total volume in those strikes near 18,900 contracts.
Xpeng delivers 15,613 Smart EVs in November
On December 1, 2021, XPeng announced its vehicle delivery results for November. XPeng reached the monthly delivery target amidst global supply chain challenges with 15,613 Smart EVs delivered in November, representing a 270% increase year-over-year. Deliveries in November consisted of 7,839 P7 smart sports sedans, representing a 187% increase year-over-year. The P5 smart family sedan, launched in September, has been building a order backlog with 2,154 units delivered in November. At the same time, the G3i smart SUV – launched in July – is gaining increasing customer traction with 5,546 units delivered in November plus 74 G3s delivered. As of November 30, year-to-date total vehicle deliveries reached 82,155, representing a 285% increase year-over-year, including 53,110 P7 deliveries. The company’s cumulative deliveries reached 121,953 as of the end of November.
Nio, Xpeng, Li Auto look set to grow on bigger sales, Barron’s says
On November 27, 2021, Barron’s Al Root writes in this week’s edition of Barron’s that he likes a trio of electric-vehicle makers, namely China’s NIO (NIO), XPeng (XPEV), and Li Auto (LI). The Chinese EV players will grow sales, on a combined basis, roughly 160% in 2021, leaving them trading at some 6.5 times next year’s estimated sales, the publication adds. Source: https://www.barrons.com/articles/these-3-chinese-ev-stocks-look-set-to-grow-on-bigger-sales-51637971842?mod=past_editions
XPEV stock price target raised to $66 from $63 at BofA
On November 24, 2021, BofA analyst Ming Hsun Lee raised the firm’s price target on XPEV stock to $66 from $63 and keeps a Buy rating on the shares after the company announced Q3 revenue in-line with the analyst’s forecast and a net loss of RMB1.6B that beat Lee’s expectation for a net loss of RMB2.1B. Factoring its Q3 results and latest guidance, Lee raised 2022 and 2023 sales estimates by 7% and 8%, respectively, and lowered 2021/22/23 net loss estimates by 14%, 7%, and 1%, respectively.
XPeng price target raised to $92 from $87 at Citi
On November 24, 2021, Citi analyst Jeff Chung raised the firm’s price target on XPEV stock to $92 from $87 and keeps a Buy rating on the shares. The company reported “robust” Q3 results, with margin largely beating consensus and Q4 guidance in-line with consensus expectations, Chung tells investors in a research note. The analyst views the quarter as strong, with quarter-over-quarter trends for all items in-line with his full-year forecasts. He still sees robotaxi being a potential catalyst into 2022.
VIDEO Electric Vehicle Stocks | XPEV Stock Analysis
Stock Trading Pro writes, “XPeng reported third-quarter adjusted loss per American Depositary Share of 29 cents. The China-based EV maker posted revenues of $887.7 million, up a whopping 187.4% year over year on the back of robust deliveries.”
XPEV stock technical analysis
The short term is neutral, but the long term trend is still positive. Not much to worry about for now. Although XPEV has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when XPEV stock is a good entry.