5 Cheap EV Stocks To Buy

In this article, we will be taking a look at 5 cheap EV stocks to buy. To read our detailed analysis of the electric vehicle sector, you can go directly to see the 11 Cheap EV Stocks To Buy.

5. XPeng Inc. (NYSE:XPEV)

Enterprise Value to Revenue Ratio as of March 5: 1.24

Number of Hedge Fund Holders: 17

XPeng Inc. (NYSE:XPEV) is another China-based EV maker. It develops and markets smart EVs such as its SUVs under the G3 and G3i names.

HSBC’s Yuqian Ding placed a Hold rating on XPeng Inc. (NYSE:XPEV) shares as of February 24.

Analysts see an upside potential of 10.40% on XPeng Inc. (NYSE:XPEV) shares. They hold an average price target of $10.62, with a high forecast of $14 on the stock. The stock is thus seen to be trading at a relative discount at present, and has among the lowest EV/Revenue ratios in the electric vehicle sector.

A total of 17 hedge funds were long XPeng Inc. (NYSE:XPEV) in the fourth quarter. Their total stake value was $171.3 million.