As of Wednesday close, XP Inc.’s (NASDAQ:XP) stock was down -$0.22, moving down -0.87 percent to $25.17. The average number of shares traded per day over the past five days has been 10,194,979 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.69 fall in that time frame. In the last twenty days, the average volume was 6,284,415, while in the previous 50 days, it was 5,170,668.
Since last month, XP stock retreated -0.94%. Shares of the company fell to $24.03 on 09/11/23, 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 64.08% or $9.83, and marked a new high 30 times. However, the stock has declined by -9.17% since its 52-week high.
Valuation Metrics
Right now, XP Inc. (XP) has a P/E ratio of about 18.73. The stock’s beta is 1.64. Besides these, the trailing price-to-sales (P/S) ratio of 4.96, the price-to-book (PB) ratio of 3.51, and the price-to-cash flow ratio of 11.43 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.19, and the total debt-to-equity ratio was 2.98. 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 32.23%, the RSI 9-day stood at 44.12% on 20 September.
With respect to its five-day moving average, the current XP Inc. price is down by -2.67% percent or -$0.69. At present, XP shares trade -4.00% below its 20-day simple moving average and +79.27% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.73% above its SMA50 and +43.75% above its SMA200.
Stochastic coefficient K was 55.81% and Stochastic coefficient D was 66.55%, while ATR was 0.98. Given the Stochastic reading of 38.79% for the 14-day period, the RSI (14) reading has been calculated as 47.07%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.15.
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 3 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 $148.82, 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 $143.51.
