XP Inc. (NASDAQ:XP) does about 4.44M shares in volume on a normal day but saw 4374510 shares change hands in Monday trading. The company now has a market cap of 9.58B USD. Its current market price is $17.63, marking an increase of 3.52% compared to the previous close of $17.03. The 52 week high reached by this stock is $36.36 whilst the lowest price level in 52 weeks is $13.76. The script in recent trading has seen the stock touch a high of $17.84 and a low of $17.05.
XP Inc. (XP) has a 20-day trading average at $15.57 and the current price is -51.51% off the 52-week high compared with 28.12% distance from its 52-week low. The 50-day simple moving average of the closing price is $16.30 and its 200-day simple moving average is $19.63. If we look at the stock’s price movements over the week, volatility stands at 3.82%, which increases to 4.12% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.43 to suggest the stock is neutral.
12 analysts observing the XP Inc. (XP) stock have set the 12-month price targets for the company’s shares at between $86.58 and $153.32. The consensus objective for the share price is $26.93, suggesting that the stock has a potential upside of 34.53% over the period. The median price target is 86.2% away from the current levels at $127.77.
FactSet Research has provided data showing that 12 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 6 analysts have rated it as a buy and 6 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 11, 2022 when JP Morgan downgraded the stock to “Neutral” and issued a price target of $23. UBS upgraded the stock to “Buy” from Neutral on June 07, 2022 at a price target of $37-$31. Citigroup upgraded its price target at $31-$26.
The current price level is 14.09%, 8.07%, and -10.50% away from its SMA20, SMA50, and SMA200 respectively, with the XP price moving above the 50-day SMA on January 23. XP Inc. (XP) stock is up 5.89% over the week and 16.91% over the past month. Its price is 14.93% year-to-date and -42.04% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of $0.35 above consensus estimates by $0.04. The company’s next earnings report is expected on 05/02/2023, with forecasts estimating quarterly EPS at $0.3 and $1.24 for whole year. XP’s earnings per share are forecast to shrink by -16.80% this year and 18.50% over next year. Expected sales for next quarter are $692.56 million, which analysts say will come at $2.57 billion for the current fiscal year and next year at $3.18 billion. In addition, estimates put the company’s current quarterly revenue at an average of $638.66 million.
Its 12-month price target is $127.77. To reach the target analysts have set, the stock logically needs to grow 34.53 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $86.58, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $153.32.
Outstanding shares total 555.71M with insiders holding 23.71% of the shares and institutional holders owning 65.48% of the company’s common stock. The company has a return on investment of 7.50% and return on equity of 23.80%. The price to earnings ratio (P/E ratio) amounts to 13.88 while the forward price to earnings ratio is 2.29. Price to book ratio is 2.90 and price to sales ratio is 3.69.
Dodge & Cox International Stock F isn’t the only investment manager who changed stakes and is followed by American Funds EuroPacific Growth, which added 9.81 million shares to end up with 13,409,483 shares worth $205.7 million. Fidelity Inv Trust – Emerging Ma raise their holdings by 1.87% in the company over the course of the most recent quarter. It now holds a 2.10% position in XP Inc. thanks to 9.32 million shares amounting to $142.9 million.