As of Thursday close, XP Inc.’s (NASDAQ:XP) stock was down -$1.14, moving down -4.60 percent to $23.63. The average number of shares traded per day over the past five days has been 4,831,100 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.04 fall in that time frame. In the last twenty days, the average volume was 4,179,420, while in the previous 50 days, it was 5,574,232.
Since last month, XP stock retreated -0.80%. Shares of the company fell to $23.34 on 07/18/23, the lowest level in the past month. A 52-week high of $27.67 was reached on 07/25/23 after having rallying from a 52-week low of $10.30. Since the beginning of this year, XP’s stock price has risen by 54.04% or $8.29, and marked a new high 29 times. However, the stock has declined by -14.60% since its 52-week high.
Valuation Metrics
Right now, XP Inc. (XP) has a P/E ratio of about 18.39. The stock’s beta is 1.65. Besides these, the trailing price-to-sales (P/S) ratio of 4.92, the price-to-book (PB) ratio of 3.64, and the price-to-cash flow ratio of 18.65 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.22, and the total debt-to-equity ratio was 2.65. In the year ended June 29, operating margins totaled 29.20%. Based on annual data, XP earned $1.82 billion in gross profit and brought in $2.59 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.70%. Return on equity (ROE) for the past 12 months was 20.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected XP Inc. to report $0.37 quarterly earnings, the actual figure was $0.4 per share, beating the consensus estimate by 8.10%. During the quarter, the company generated $245.0 million in EBITDA. The liabilities of XP Inc. were 42.89 billion at the end of its most recent quarter ended June 29.
Technical Picture
This quick technical analysis looks at XP Inc.’s (XP) price momentum. With a historical volatility rate of 21.94%, the RSI 9-day stood at 24.32% on 17 August.
With respect to its five-day moving average, the current XP Inc. price is down by -7.95% percent or -$2.04. At present, XP shares trade -6.19% below its 20-day simple moving average and +116.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately +22.18% above its SMA50 and +35.11% above its SMA200.
Stochastic coefficient K was 15.81% and Stochastic coefficient D was 20.11%, while ATR was 1.09. Given the Stochastic reading of 1.45% for the 14-day period, the RSI (14) reading has been calculated as 37.39%. As of today, the MACD Oscillator reading stands at -0.94, while the 14-day reading stands at -1.41.
Analyst Ratings
Credit Suisse upgraded its rating on XP Inc. (NASDAQ: XP) to a Neutral in a note to investors on July 20, 2023. The analysts firm previously had an Underperform rating on the stock.XP Inc. (XP) has been rated Overweight by analysts. According to 0 brokerage firms, XP is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate XP Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $131.27, the current consensus forecast for the stock is $81.60 – $179.28. Based on these forecasts, analysts predict XP Inc. (XP) will achieve an average price target of $128.13.
