Li Auto (NASDAQ:LI) Hits New 52-Week Low – Here’s Why

Li Auto Inc. Sponsored ADR (NASDAQ:LI) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $15.29 and last traded at $15.4830, with a volume of 783661 shares. The stock had previously closed at $15.88.

Analysts Set New Price Targets

LI has been the topic of several recent analyst reports. Piper Sandler upgraded shares of Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th. Wall Street Zen upgraded shares of Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. BNP Paribas Exane upgraded shares of Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Li Auto in a research note on Friday, March 27th. Finally, Sanford C. Bernstein set a $19.00 price target on shares of Li Auto and gave the stock a “market perform” rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $18.55.

Li Auto Stock Down 1.1%

The stock’s fifty day moving average price is $17.89 and its 200 day moving average price is $17.74. The stock has a market cap of $16.77 billion, a P/E ratio of 120.97 and a beta of 0.63. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.05.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Sunday, March 22nd. The company reported ($0.06) EPS for the quarter. The company had revenue of $545.61 million during the quarter. Li Auto had a return on equity of 1.52% and a net margin of 0.99%. As a group, research analysts forecast that Li Auto Inc. Sponsored ADR will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Li Auto

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in shares of Li Auto by 312.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock valued at $28,000 after purchasing an additional 1,268 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Li Auto by 157.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock valued at $51,000 after purchasing an additional 1,762 shares during the last quarter. DV Equities LLC bought a new position in shares of Li Auto during the 4th quarter valued at $72,000. Parallel Advisors LLC grew its holdings in shares of Li Auto by 530.5% during the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock valued at $159,000 after purchasing an additional 7,501 shares during the last quarter. Finally, Tuttle Capital Management LLC bought a new position in shares of Li Auto during the 4th quarter valued at $170,000. Institutional investors 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.