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

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $11.52 and last traded at $11.5550, with a volume of 803760 shares changing hands. The stock had previously closed at $12.14.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LI shares. Weiss Ratings reissued a “sell (d)” rating on shares of Li Auto in a research note on Wednesday, August 26th. Bank of America reiterated a “neutral” rating and set a $18.00 price objective on shares of Li Auto in a report on Thursday, May 28th. Wall Street Zen cut shares of Li Auto from a “sell” rating to a “strong sell” rating in a research report on Sunday, September 6th. Barclays dropped their price target on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Finally, Piper Sandler cut their price target on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $16.28.

Li Auto Stock Performance

The stock has a market cap of $12.29 billion, a PE ratio of -17.13 and a beta of 0.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.81 and a quick ratio of 1.65. The stock has a 50-day simple moving average of $12.45 and a 200-day simple moving average of $14.90.

Li Auto (NASDAQ:LI) last released its quarterly earnings data on Friday, July 31st. The company reported ($0.22) EPS for the quarter. The firm had revenue of $3.78 billion during the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%. Equities analysts predict that Li Auto Inc. Sponsored ADR will post -0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LI. EverSource Wealth Advisors LLC increased 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 worth $51,000 after acquiring an additional 1,762 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Li Auto by 530.5% in the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock valued at $159,000 after acquiring an additional 7,501 shares during the period. Alpine Global Management LLC acquired a new position in shares of Li Auto during the 4th quarter valued at $175,000. Corient Private Wealth LP acquired a new position in shares of Li Auto during the 2nd quarter valued at $146,000. Finally, ABC Arbitrage SA purchased a new stake in Li Auto during the 1st quarter worth $224,000. 9.88% of the stock is owned by institutional investors and hedge funds.

About Li Auto

Li Auto Inc (NASDAQ: LI) is a Chinese new energy vehicle manufacturer that develops, manufactures and sells smart electric vehicles. The company has focused primarily on family-oriented vehicles, combining battery-electric powertrains with extended-range electric vehicle technology designed to provide additional driving range through an onboard engine-generator.

Li Auto’s product portfolio has included the Li ONE and the Li L-series of premium sport utility vehicles, including the L6, L7, L8 and L9.