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

Li Auto Inc. Sponsored ADR (NASDAQ:LI) gapped down before the market opened on Monday . The stock had previously closed at $18.51, but opened at $16.81. Li Auto shares last traded at $16.6060, with a volume of 2,060,556 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BNP Paribas Exane upgraded shares of Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. 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. The Goldman Sachs Group cut shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Tuesday, March 17th. Piper Sandler upgraded shares of Li Auto from a “neutral” rating to an “outperform” rating in a report on Friday, March 13th. Finally, Wall Street Zen upgraded shares of Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.55.

Li Auto Price Performance

The stock has a fifty day moving average of $18.10 and a 200-day moving average of $17.96. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 129.36 and a beta of 0.63.

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

Hedge Funds Weigh In On Li Auto

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LI. Goldman Sachs Group Inc. boosted its holdings in Li Auto by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after purchasing an additional 1,505,991 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Li Auto in the first quarter valued at approximately $506,000. Geode Capital Management LLC boosted its holdings in shares of Li Auto by 0.7% in the second quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock valued at $4,790,000 after acquiring an additional 1,230 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Li Auto by 22.0% in the second quarter. Quantinno Capital Management LP now owns 35,076 shares of the company’s stock valued at $951,000 after acquiring an additional 6,331 shares during the period. Finally, Boothbay Fund Management LLC boosted its holdings in shares of Li Auto by 320.1% in the second quarter. Boothbay Fund Management LLC now owns 37,486 shares of the company’s stock valued at $1,016,000 after acquiring an additional 28,563 shares during the period. 9.88% of the stock is owned by institutional investors and hedge funds.

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.