Li Auto (NASDAQ:LI) Reaches New 12-Month Low – What’s Next?

Li Auto Inc. Sponsored ADR (NASDAQ:LI) shares hit a new 52-week low on Wednesday . The company traded as low as $15.64 and last traded at $15.8070, with a volume of 1189803 shares changing hands. The stock had previously closed at $16.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LI shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $17.50 price objective (down from $28.80) on shares of Li Auto in a report on Friday, January 23rd. BNP Paribas Exane raised Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group lowered Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Tuesday, March 17th. JPMorgan Chase & Co. lifted their price objective on Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a report on Friday, March 13th. Finally, Wall Street Zen raised Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.55.

Li Auto Stock Performance

The stock’s 50-day moving average price is $18.07 and its 200-day moving average price is $17.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.68 and a current ratio of 1.81. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 123.05 and a beta of 0.63.

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

Hedge Funds Weigh In On Li Auto

A number of institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in Li Auto by 1.0% during the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock worth $2,407,000 after acquiring an additional 856 shares during the period. Aberdeen Group plc grew its position in Li Auto by 3.1% in the 3rd quarter. Aberdeen Group plc now owns 28,842 shares of the company’s stock worth $731,000 after purchasing an additional 872 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Li Auto by 8.6% in the second quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock valued at $324,000 after purchasing an additional 951 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Li Auto by 4.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock valued at $459,000 after purchasing an additional 1,121 shares during the period. Finally, Ballentine Partners LLC raised its position in shares of Li Auto by 9.6% in the fourth quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock valued at $233,000 after purchasing an additional 1,208 shares during the period. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Company Profile

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.