XP Inc (XP) Looks Ready for Growth Despite -30.65% Change This Year

XP Inc (NASDAQ: XP) is -30.65% lower on its value in year-to-date trading and has touched a low of $15.24 and a high of $27.02 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The XP stock was last observed hovering at around $18.15 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $18.08, the stock is 1.18% and -2.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.72 million and changing -0.39% at the moment leaves the stock -13.71% off its SMA200. XP registered -13.41% loss for a year compared to 6-month loss of -14.35%. The firm has a 50-day simple moving average (SMA 50) of $18.5326 and a 200-day simple moving average (SMA200) of $20.9519.

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The stock witnessed a -1.36% gain in the last 1 month and extending the period to 3 months gives it a -0.44%, and is 0.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.36% over the week and 2.73% over the month.

XP Inc (XP) has around 6669 employees, a market worth around $9.92B and $3.35B in sales. Current P/E ratio is 11.71 and Fwd P/E is 10.42. Profit margin for the company is 25.55%. Distance from 52-week low is 18.64% and -33.10% from its 52-week high. The company has generated returns on investments over the last 12 months (19.64%).

with sales reaching $770.59M over the same period.The EPS is expected to grow by 11.25% this year, but quarterly earnings will post 7.90% year-over-year. Quarterly sales are estimated to shrink -8.30% in year-over-year returns.

XP Inc (XP) Top Institutional Holders

The shares outstanding are 436.78M, and float is at 354.90M with Short Float at 4.48%.

The top institutional shareholder in the company is DODGE & COX with over 34.35 million shares valued at $604.27 million. The investor’s holdings represent 6.2639% of the XP Shares outstanding. As of 2024-06-30, the second largest holder is GENERAL ATLANTIC, L.P. with 29.62 million shares valued at $520.98 million to account for 5.4005 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 28.75 million shares representing 5.2417% and valued at over $505.67 million, while MAWER INVESTMENT MANAGEMENT LTD. holds 3.5596 of the shares totaling 19.52 million with a market value of $343.39 million.