lithium
Electric vehicle maker XPeng s [XPEV] share price is attracting a fair amount of debate as to whether or not it is overvalued. On the one hand, the Guangzhou-based manufacturer has a $27.101bn market cap, a number far ahead of the $2.13bn worth of revenue the firm is forecasted to bring in this year. On the other hand, last quarter was a record-breaker in terms of deliveries, with its P7 sedan seeing brisk sales and suggesting XPeng is still in growth mode.
Is sales growth enough to keep XPeng s share price humming along? Some analysts predict it could be about to come off the road.
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What to consider to avoid a spiral, if your company is the next to go viral.
The recent meteoric rise (and subsequent fall) of GameStop, AMC Theaters and a host of other “meme stocks” has prompted hedge funds, investment bankers, regulators and public company executives to critically re-examine their preparedness for extraordinary market volatility.
The meme stock phenomenon is unique in numerous respects that have been well documented. What has drawn less attention, however, is the fact that the phenomenon highlights how other “mid-cap” companies could become the next meme stock – or be subject to highly volatile stock price movements that may not be identical to what transpired at GameStop and AMC, but are dramatic nonetheless.