Li Auto (NASDAQ:LI) Sets New 12-Month Low – What’s Next?

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.30 and last traded at $13.3290, with a volume of 104578 shares traded. The stock had previously closed at $13.58.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LI shares. Barclays cut their price target on Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. The Goldman Sachs Group downgraded Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Tuesday, March 17th. Bank of America reaffirmed a “neutral” rating and set a $18.00 price target on shares of Li Auto in a research note on Thursday, May 28th. BNP Paribas Exane raised Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Li Auto from $14.00 to $15.50 and gave the stock an “underweight” rating in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $17.30.

Li Auto Stock Down 2.8%

The firm’s 50 day moving average is $16.86 and its two-hundred day moving average is $17.23. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of -47.12 and a beta of 0.57. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LI. Goldman Sachs Group Inc. grew its holdings in Li Auto by 133.3% in the 1st 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 during the period. Empowered Funds LLC purchased a new stake in Li Auto in the 1st quarter valued at about $506,000. Geode Capital Management LLC grew its holdings in Li Auto by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock valued at $4,790,000 after buying an additional 1,230 shares during the period. Quantinno Capital Management LP grew its holdings in Li Auto by 22.0% in the 2nd quarter. Quantinno Capital Management LP now owns 35,076 shares of the company’s stock valued at $951,000 after buying an additional 6,331 shares during the period. Finally, Boothbay Fund Management LLC grew its holdings in Li Auto by 320.1% in the 2nd quarter. Boothbay Fund Management LLC now owns 37,486 shares of the company’s stock valued at $1,016,000 after buying an additional 28,563 shares during the period. 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.