Li Auto (NASDAQ:LI) Sets New 1-Year Low – What’s Next?

Li Auto Inc. Sponsored ADR (NASDAQ:LI) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $14.07 and last traded at $14.1030, with a volume of 2023860 shares changing hands. The stock had previously closed at $14.57.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a report on Friday, March 13th. Piper Sandler upgraded shares of Li Auto from a “neutral” rating to an “outperform” rating in a report on Friday, March 13th. Weiss Ratings lowered shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. BNP Paribas Exane raised Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research downgraded Li Auto from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $17.55.

Li Auto Stock Performance

The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average price is $17.57 and its 200-day moving average price is $17.50. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of -50.37 and a beta of 0.57.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. The company had revenue of $3.33 billion during the quarter. Analysts expect that Li Auto Inc. Sponsored ADR will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. ABC Arbitrage SA purchased a new position in shares of Li Auto during the third quarter worth approximately $865,000. SG Americas Securities LLC boosted its stake in Li Auto by 324.2% during the 4th quarter. SG Americas Securities LLC now owns 342,025 shares of the company’s stock worth $5,790,000 after purchasing an additional 261,389 shares during the period. Victory Financial Group LLC acquired a new stake in Li Auto during the 4th quarter worth $638,000. Maxi Investments CY Ltd acquired a new stake in Li Auto during the 3rd quarter worth $16,040,000. Finally, American Century Companies Inc. boosted its stake in Li Auto by 4.6% during the 3rd quarter. American Century Companies Inc. now owns 1,355,616 shares of the company’s stock worth $34,351,000 after purchasing an additional 60,172 shares during the period. Institutional investors and hedge funds own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi?occupant SUVs that combine electric propulsion, advanced in?vehicle connectivity and driver?assistance features.