XP Inc. (XP): Keep paying attention to its insider activity

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XP Inc. (NASDAQ:XP) saw a downside of -0.34% to $17.57 after subtracting -$0.06 on Tuesday. The 5-day average trading volume is 3,231,102 shares of the company’s common stock. It has gained $17.84 in the past week and touched a new high 3 times within the past 5 days. An average of 3,485,095 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,492,288.

XP’s 1-month performance is 16.91% or $1.94 on its low of $13.76 reached on 01/05/23. The company’s shares have touched a 52-week low of $13.76 and high of $36.36, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, XP has achieved 14.93% or $2.13 and has reached a new high 9 times. However, the current price is down -51.68% from the 52-week high price.


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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.69 while the price-to-book (PB) in the most recent quarter is 2.90, with the price to cash flow ratio at 40.64.

As well, the company’s long term debt to equity for the quarter ending September 29 was 0.22, while the total debt to equity was 2.79. The firm’s gross profit as reported stood at $1.49 billion against revenue of $2.24 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected XP to announce $0.3 per share in earnings in its latest quarter, but it posted $0.39, representing a 30.00% surprise. EBITDA for the quarter stood at more than $223.87 million. XP stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 32.11 billion, with total debt at $76.19 billion.

Let’s look briefly at XP Inc. (XP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 68.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.15%.

The stock’s 5-day moving average is $17.02, reflecting a +7.94% or $1.28 change from its current price. XP is currently trading +16.67% above its 20-day SMA, -11.57% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -11.35% and SMA200 by-42.74%.

Stochastic %K and %D was 93.90% and 91.52% and the average true range (ATR) pointed at 0.69. The RSI (14) points at 61.75%, while the 14-day stochastic is at 90.81% with the period’s ATR at 0.73. The stock’s 9-day MACD Oscillator is pointing at 0.62 and 1.35 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for XP Inc. (NASDAQ: XP), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for XP stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate XP as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

What is XP’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $86.58 and a high of $153.32, with their median price target at $127.77. Looking at these predictions, the average price target given by analysts is for XP Inc. (XP) stock is $124.08.

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