Li Auto (NASDAQ:LI) Shares Gap Down to $18.52

Li Auto Inc. (NASDAQ:LIGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $18.52, but opened at $18.14. Li Auto shares last traded at $18.24, with a volume of 399,366 shares.

Analyst Upgrades and Downgrades

LI has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a report on Friday, March 22nd. Morgan Stanley dropped their price objective on Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, May 21st. Macquarie initiated coverage on Li Auto in a report on Monday, April 15th. They issued an “outperform” rating and a $40.00 price objective on the stock. Bank of America dropped their price objective on Li Auto from $41.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. Finally, Barclays dropped their price objective on Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 21st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Check Out Our Latest Analysis on LI

Li Auto Trading Down 1.5 %

The firm has a market capitalization of $19.36 billion, a PE ratio of 12.35, a P/E/G ratio of 2.16 and a beta of 1.00. The business has a 50 day moving average price of $23.00 and a 200-day moving average price of $29.52. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.04.

Li Auto (NASDAQ:LIGet Free Report) last issued its earnings results on Monday, May 20th. The company reported $0.08 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. The business had revenue of $3.55 billion during the quarter. Analysts expect that Li Auto Inc. will post 1.04 earnings per share for the current year.

Hedge Funds Weigh In On Li Auto

Several hedge funds have recently bought and sold shares of the company. Scarborough Advisors LLC purchased a new position in Li Auto during the fourth quarter worth $41,000. Rakuten Securities Inc. purchased a new position in Li Auto during the fourth quarter worth $57,000. Employees Retirement System of Texas purchased a new position in Li Auto during the third quarter worth $130,000. Barometer Capital Management Inc. purchased a new position in Li Auto during the fourth quarter worth $135,000. Finally, Tucker Asset Management LLC purchased a new position in Li Auto during the third quarter worth $217,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

About Li Auto

(Get Free Report)

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.

See Also

Receive News & Ratings for Li Auto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li Auto and related companies with MarketBeat.com's FREE daily email newsletter.