XPeng Inc. (NYSE:XPEV) stock slipped in Monday’s premarket trading after the EV maker reported a sharp year-over-year drop in February deliveries.
Details
The company delivered 15,256 vehicles in February, a steep 49.90% drop from a year earlier and a 23.76% decline from January.
In February, XPeng kicked off global deliveries of its new P7+, with the first shipment heading to 18 countries. This milestone marks a significant step in bringing the vehicle’s intelligent, spacious driving experience to young families worldwide, the company said.
The company will also host a media event in Guangzhou on March 2, 2026, where it plans to unveil its second-generation VLA system ahead of a broader rollout later in March.
XPeng’s Bearish Trend
The stock is currently trading 5.3% below its 20-day simple moving average (SMA) and 10.1% below its 100-day SMA, indicating a bearish trend in the short to medium term. Over the past 12 months, shares have decreased by 39.2%, and they are currently positioned closer to their 52-week lows than highs.
The RSI is at 50.00, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold at this time. Meanwhile, MACD is at 0.10, below its signal line at 0.15, indicating bearish pressure on the stock.
The combination of neutral RSI and bearish MACD suggests mixed momentum in the stock’s performance.
- Key Resistance: $20.00
- Key Support: $16.00
Upcoming Financial Update and Analyst Ratings for XPEV
XPeng is slated to provide its next financial update on March 17, 2026.
- EPS Estimate: Loss of 20 cents (Up from Loss of 20 cents YoY)
- Revenue Estimate: $3.32 Billion (Up from $2.21 Billion YoY)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $20.88. Recent analyst moves include:
- Freedom Capital Markets: Upgraded to Buy (Raises Target to $25.00) (Jan. 6)
XPEV Price Action: XPeng shares were down 2.73% at $17.07 during premarket trading on Monday, according to Benzinga Pro data.
Image via Shutterstock
