Li Auto (NASDAQ:LI) Reaches New 1-Year Low – Here’s Why

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $12.31 and last traded at $12.63, with a volume of 5798735 shares traded. The stock had previously closed at $12.82.

Analysts Set New Price Targets

LI has been the topic of several analyst reports. HSBC reduced their price target on Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a report on Wednesday, June 10th. Piper Sandler raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th. Zacks Research lowered shares of Li Auto from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 28th. Bank of America reiterated a “neutral” rating and issued a $18.00 price objective on shares of Li Auto in a research report on Thursday, May 28th. Finally, Barclays cut their target price 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. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $17.30.

Li Auto Stock Down 1.5%

The business’s fifty day moving average is $16.41 and its two-hundred day moving average is $17.09. The stock has a market cap of $13.49 billion, a price-to-earnings ratio of -45.11 and a beta of 0.57. The company has a quick ratio of 1.75, a current ratio of 1.88 and a debt-to-equity ratio of 0.06.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LI. Goldman Sachs Group Inc. grew its stake in Li Auto by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock worth $66,431,000 after purchasing an additional 1,505,991 shares in the last quarter. SIH Partners LLLP raised its position in Li Auto by 184.7% in the 4th quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock valued at $37,230,000 after purchasing an additional 1,426,745 shares in the last quarter. American Century Companies Inc. boosted its stake 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 valued at $34,351,000 after buying an additional 60,172 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Li Auto by 648.8% in the 4th quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock valued at $12,259,000 after buying an additional 630,516 shares during the period. Finally, Maxi Investments CY Ltd acquired a new position in shares of Li Auto during the third quarter worth about $16,040,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

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.