InvestorPlace
Wait For a Pullback Before Jumping Into Xpeng Stock
Electric vehicle (EV) stocks remain hot. But, so far this month, none have held a candle to China-based Xpeng (NYSE:XPEV) stock. Shares have more than doubled since Nov 1. As a result, shares now trade at a sky-high valuation.
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Based on trailing twelve month revenues, shares currently sell for a price/sales (P/S) ratio of 18.8! Sure, considering rival Nio (NYSE:NIO) sports a P/S ratio of …
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