Li Auto (NASDAQ:LI) Reaches New 12-Month Low – Time to Sell?

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $15.83 and last traded at $15.8880, with a volume of 659161 shares. The stock had previously closed at $16.19.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $27.00 price target on shares of Li Auto in a report on Monday, December 1st. Barclays decreased their target price on Li Auto from $24.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Li Auto in a report on Monday, December 29th. China Renaissance reissued a “hold” rating and set a $18.50 price objective on shares of Li Auto in a report on Monday, December 1st. Finally, Hsbc Global Res cut Li Auto from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.05.

Li Auto Stock Up 3.5%

The company has a quick ratio of 1.67, a current ratio of 1.80 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $17.26 and a two-hundred day simple moving average of $22.02. The stock has a market capitalization of $16.88 billion, a P/E ratio of 28.78 and a beta of 0.56.

Institutional Investors Weigh In On Li Auto

A number of hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position 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 buying an additional 1,505,991 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Li Auto by 4.6% in the 3rd quarter. American Century Companies Inc. now owns 1,355,616 shares of the company’s stock worth $34,351,000 after acquiring an additional 60,172 shares in the last quarter. LMR Partners LLP grew its position in Li Auto by 2,697.4% during the 2nd quarter. LMR Partners LLP now owns 675,500 shares of the company’s stock worth $18,313,000 after acquiring an additional 651,353 shares during the last quarter. Maxi Investments CY Ltd bought a new stake in Li Auto during the 3rd quarter worth approximately $16,040,000. Finally, Ariose Capital Management Ltd increased its holdings in Li Auto by 67.3% during the 2nd quarter. Ariose Capital Management Ltd now owns 358,086 shares of the company’s stock valued at $9,708,000 after purchasing an additional 143,986 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

About Li Auto

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.