Li Auto (NASDAQ:LI) Sets New 12-Month Low – Should You Sell?

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $17.09 and last traded at $17.1650, with a volume of 1849268 shares traded. The stock had previously closed at $17.95.

Analyst Upgrades and Downgrades

LI has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Li Auto in a research note on Thursday, December 4th. BNP Paribas Exane assumed coverage on shares of Li Auto in a research report on Monday, August 18th. They set an “underperform” rating and a $18.00 target price for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $28.00 target price (down from $33.00) on shares of Li Auto in a report on Thursday, August 14th. Citigroup decreased their price target on shares of Li Auto from $25.60 to $20.20 and set a “neutral” rating on the stock in a research report on Friday, November 28th. Finally, Macquarie downgraded shares of Li Auto from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $28.00 to $21.00 in a research report on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.66.

Li Auto Price Performance

The company has a quick ratio of 1.67, a current ratio of 1.80 and a debt-to-equity ratio of 0.05. The firm has a market cap of $18.02 billion, a PE ratio of 29.67 and a beta of 0.50. The firm’s fifty day simple moving average is $20.51 and its two-hundred day simple moving average is $24.42.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ovata Capital Management Ltd raised its holdings in Li Auto by 107.1% during the third quarter. Ovata Capital Management Ltd now owns 29,000 shares of the company’s stock valued at $756,000 after acquiring an additional 15,000 shares during the period. Tidal Investments LLC grew its position in shares of Li Auto by 13.6% during the third quarter. Tidal Investments LLC now owns 100,878 shares of the company’s stock worth $2,556,000 after purchasing an additional 12,106 shares in the last quarter. Maxi Investments CY Ltd bought a new stake in Li Auto during the 3rd quarter valued at approximately $16,040,000. Mercer Global Advisors Inc. ADV bought a new stake in Li Auto during the 3rd quarter valued at approximately $227,000. Finally, Credit Agricole S A purchased a new position in Li Auto in the 3rd quarter worth approximately $5,055,000. Institutional investors own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.