Li Auto (NASDAQ:LI) Shares Gap Up – What’s Next?

Li Auto Inc. Sponsored ADR (NASDAQ:LI) shares gapped up prior to trading on Friday . The stock had previously closed at $13.78, but opened at $14.54. Li Auto shares last traded at $14.3950, with a volume of 1,504,958 shares traded.

Analysts Set New Price Targets

Several brokerages have commented on LI. Weiss Ratings cut shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Zacks Research lowered shares of Li Auto from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 28th. Sanford C. Bernstein set a $19.00 price target on shares of Li Auto and gave the stock a “market perform” rating in a research report on Friday, March 13th. Wall Street Zen raised shares of Li Auto from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. Finally, The Goldman Sachs Group lowered shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Li Auto has a consensus rating of “Reduce” and an average target price of $17.30.

Li Auto Stock Performance

The stock has a market cap of $15.27 billion, a P/E ratio of -51.02 and a beta of 0.57. The firm’s 50-day moving average is $17.21 and its two-hundred day moving average is $17.35. The company has a quick ratio of 1.75, a current ratio of 1.88 and a debt-to-equity ratio of 0.06.

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

Hedge Funds Weigh In On Li Auto

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of Li Auto by 312.3% in the fourth 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 period. EverSource Wealth Advisors LLC raised its position in shares of Li Auto by 157.9% in the first 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 period. DV Equities LLC bought a new position in shares of Li Auto in the fourth quarter valued at approximately $72,000. Parallel Advisors LLC raised its position in shares of Li Auto by 530.5% in the first 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 period. Finally, Tuttle Capital Management LLC bought a new position in shares of Li Auto in the fourth quarter valued at approximately $170,000. Institutional investors 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.