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

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.67 and last traded at $13.69, with a volume of 3788450 shares traded. The stock had previously closed at $14.11.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LI shares. Bank of America reissued a “neutral” rating and issued a $18.00 target price on shares of Li Auto in a research report on Thursday, May 28th. The Goldman Sachs Group lowered Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Tuesday, March 17th. Piper Sandler raised Li Auto from a “neutral” rating to an “outperform” rating in a research report on Friday, March 13th. Weiss Ratings lowered Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Finally, Sanford C. Bernstein set a $19.00 target price on Li Auto and gave the stock a “market perform” rating in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Li Auto has an average rating of “Reduce” and an average price target of $17.30.

Li Auto Trading Down 3.0%

The firm has a 50 day simple moving average of $17.29 and a 200 day simple moving average of $17.38. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $14.62 billion, a PE ratio of -48.89 and a beta of 0.57.

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

Institutional Trading of Li Auto

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its stake in Li Auto by 312.3% during the 4th 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 last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Li Auto by 157.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock valued at $51,000 after buying an additional 1,762 shares during the period. DV Equities LLC bought a new position in shares of Li Auto during the 4th quarter valued at $72,000. Parallel Advisors LLC lifted its holdings in shares of Li Auto by 530.5% during the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock valued at $159,000 after buying an additional 7,501 shares during the period. Finally, Tuttle Capital Management LLC bought a new position in shares of Li Auto during the 4th quarter valued at $170,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

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.