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XPeng Inc. (NYSE:XPEV) shares are trading lower Monday after Tesla, Inc. (NASDAQ:TSLA) and Li Auto, Inc. (NASDAQ:LI) reduced electric vehicle prices in China.
The Details:
Several EV-makers have introduced new price cuts in China, sparking a price war among EV manufacturers.
Tesla cut the prices of its Model Y, Model X and Model S vehicles by $2,000 and reduced the price of its Full Self-Driving software from $12,000 to $8,000 in the U.S.
Li Auto announced on Monday that it has cut prices by approximately 5% on its L7, Li L8, Li L9, and Li MEGA models and will offer cash refunds to owners who purchased the vehicles earlier in the year.
According to data from Benzinga Pro, XPeng shares are trading below the stock’s 50-day moving average of $8.66, and the stock notched a new 52-week intraday low Monday.
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Predicting the future in stock prices over long periods of time is challenging. Wall Street analysts use complex models that take into account interest rates, economic growth, competitive advantages, management teams and historical profitability, among a host of other factors.
If, as an investor, you want to assume most of the major factors remain stable, you can use trend analysis as a helpful tool. Using a longer term trend line or historical performance of the stock, you can aim to forecast a stock's annual rate of return.
For XPeng (NYSE:XPEV), over the past 5 years, it's annualized stock performance is -20.05%, and if you assume that trend continues for another 5 years, you can expect a stock to trade at $2.23.
Using a trend line (see how to perform this function here), If you choose to use a trend line, connect your two points and look into the future to the point in time in which you're curious. Once you've identified that stock price, you may want to consider what type of conditions would need to exist for the stock to justify the share price – be it an outside influence or managerial decision making.
XPEV Price Action: According to Benzinga Pro, XPeng shares are down 1.44% at $6.83 at the time of publication Monday.
Image: Courtesy of XPeng, Inc.
