As of Thursday close, XP Inc.’s (NASDAQ:XP) stock was down -$0.8, moving down -3.06 percent to $25.34. The average number of shares traded per day over the past five days has been 3,983,500 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.91 fall in that time frame. In the last twenty days, the average volume was 4,064,370, while in the previous 50 days, it was 5,136,198.
Since last month, XP stock retreated -4.12%. Shares of the company fell to $23.58 on 08/17/23, the lowest level in the past month. A 52-week high of $27.71 was reached on 08/23/23 after having rallying from a 52-week low of $10.30. Since the beginning of this year, XP’s stock price has risen by 65.19% or $10.00, and marked a new high 30 times. However, the stock has declined by -8.55% since its 52-week high.
Valuation Metrics
Right now, XP Inc. (XP) has a P/E ratio of about 18.91. The stock’s beta is 1.64. Besides these, the trailing price-to-sales (P/S) ratio of 5.25, the price-to-book (PB) ratio of 3.54.
Financial Health
In the year ended June 29, operating margins totaled 30.10%. 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 20.50%.
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 $0.38 quarterly earnings, the actual figure was $0.41 per share, beating the consensus estimate by 7.90%. 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, and its total debt was $98.85 billion.
Technical Picture
This quick technical analysis looks at XP Inc.’s (XP) price momentum. With a historical volatility rate of 59.32%, the RSI 9-day stood at 45.48% on 31 August.
With respect to its five-day moving average, the current XP Inc. price is down by -3.47% percent or -$0.91. At present, XP shares trade -4.38% below its 20-day simple moving average and +131.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.34% above its SMA50 and +31.77% above its SMA200.
Stochastic coefficient K was 58.48% and Stochastic coefficient D was 60.26%, while ATR was 1.02. Given the Stochastic reading of 42.68% for the 14-day period, the RSI (14) reading has been calculated as 48.80%. As of today, the MACD Oscillator reading stands at -0.11, while the 14-day reading stands at 0.40.
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 4 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 8 recommending it as overweight.
With a median target price of $138.88, 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 $139.47.
