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

Li Auto Inc. Sponsored ADR (NASDAQ:LI) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $15.64 and last traded at $15.8070, with a volume of 1189803 shares. The stock had previously closed at $16.18.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wall Street Zen upgraded Li Auto from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. Sanford C. Bernstein set a $19.00 target price on Li Auto and gave the company a “market perform” rating in a research report on Friday, March 13th. Jefferies Financial Group reiterated a “hold” rating and set a $17.50 target price (down from $28.80) on shares of Li Auto in a research report on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a research report on Friday, March 13th. Finally, Piper Sandler upgraded Li Auto from a “neutral” rating to an “outperform” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.55.

Li Auto Stock Up 0.1%

The company has a market capitalization of $17.30 billion, a PE ratio of 124.62 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.68. The company has a 50-day moving average of $18.01 and a two-hundred day moving average of $17.83.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Sunday, March 22nd. The company reported ($0.06) EPS for the quarter. Li Auto had a net margin of 0.99% and a return on equity of 1.52%. The business had revenue of $545.61 million during the quarter. Sell-side analysts anticipate that Li Auto Inc. Sponsored ADR will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Li Auto

Several large investors have recently made changes to their positions in LI. Goldman Sachs Group Inc. lifted its position in shares of 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 acquiring an additional 1,505,991 shares in the last quarter. Empowered Funds LLC bought a new stake in Li Auto in the 1st quarter valued at $506,000. Geode Capital Management LLC lifted its stake in Li Auto by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock worth $4,790,000 after purchasing an additional 1,230 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Li Auto by 22.0% in the 2nd quarter. Quantinno Capital Management LP now owns 35,076 shares of the company’s stock worth $951,000 after purchasing an additional 6,331 shares in the last quarter. Finally, Boothbay Fund Management LLC boosted its holdings in shares of Li Auto by 320.1% during the 2nd quarter. Boothbay Fund Management LLC now owns 37,486 shares of the company’s stock valued at $1,016,000 after purchasing an additional 28,563 shares during the last quarter. 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.