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

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) reached a new 52-week low during trading on Wednesday . The stock traded as low as $15.29 and last traded at $15.4830, with a volume of 783661 shares changing hands. The stock had previously closed at $15.88.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LI shares. BNP Paribas Exane raised shares of Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. Sanford C. Bernstein set a $19.00 target price on shares of Li Auto and gave the company a “market perform” rating in a report on Friday, March 13th. The Goldman Sachs Group lowered shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Tuesday, March 17th. Wall Street Zen raised shares of Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Li Auto in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.55.

Li Auto Stock Performance

The firm has a market cap of $16.77 billion, a P/E ratio of 120.97 and a beta of 0.63. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $17.89 and its 200-day simple moving average is $17.74.

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

Institutional Investors Weigh In On Li Auto

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Li Auto by 312.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after acquiring an additional 1,268 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Li Auto by 157.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock worth $51,000 after purchasing an additional 1,762 shares during the period. DV Equities LLC purchased a new stake in shares of Li Auto in the 4th quarter worth about $72,000. Limestone Investment Advisors LP purchased a new stake in shares of Li Auto in the 3rd quarter worth about $222,000. Finally, Parallel Advisors LLC lifted its position in shares of Li Auto by 530.5% in the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after purchasing an additional 7,501 shares during the period. Institutional investors own 9.88% of the company’s stock.

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.