Li Auto (NASDAQ:LI) Stock Price Down 4.3% – Time to Sell?

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s share price fell 4.3% during mid-day trading on Wednesday. The stock traded as low as $11.42 and last traded at $11.4150. Approximately 764,345 shares were traded during trading, a decline of 79% from the average session volume of 3,621,795 shares. The stock had previously closed at $11.93.

Analyst Ratings Changes

LI has been the subject of a number of analyst reports. Piper Sandler cut their price objective on Li Auto from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, August 27th. Weiss Ratings restated a “sell (d)” rating on shares of Li Auto in a research note on Wednesday, August 26th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $14.50 target price on shares of Li Auto in a report on Wednesday, August 26th. Wall Street Zen lowered shares of Li Auto from a “sell” rating to a “strong sell” rating in a report on Sunday, September 6th. Finally, Zacks Research upgraded shares of Li Auto from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Eleven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $16.28.

Li Auto Stock Performance

The stock has a 50-day moving average of $11.81 and a 200 day moving average of $13.84. The firm has a market capitalization of $11.88 billion, a P/E ratio of -17.12 and a beta of 0.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.65 and a current ratio of 1.81.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Friday, July 31st. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $3.78 billion during the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. On average, research analysts anticipate that Li Auto Inc. Sponsored ADR will post -0.71 earnings per share for the current year.

Institutional Trading of Li Auto

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Li Auto by 157.9% in the first 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 last quarter. Corient Private Wealth LP bought a new stake in Li Auto during the 2nd quarter worth about $146,000. Parallel Advisors LLC grew its holdings in Li Auto by 530.5% during the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after acquiring an additional 7,501 shares during the last quarter. Sowell Financial Services LLC grew its holdings in Li Auto by 32.7% during the 3rd quarter. Sowell Financial Services LLC now owns 16,813 shares of the company’s stock worth $191,000 after acquiring an additional 4,141 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in Li Auto by 10.5% in the 2nd quarter. QRG Capital Management Inc. now owns 17,003 shares of the company’s stock valued at $200,000 after acquiring an additional 1,615 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Company Profile

Li Auto Inc is a Chinese automaker that designs, develops, manufactures and sells new energy vehicles. The company focuses on smart electric vehicles, including extended-range electric vehicles that combine a battery-powered drivetrain with an onboard engine generator, as well as battery-electric vehicles.

Its product lineup has included the Li ONE and the L-series range-extended electric SUVs, such as the Li L6, Li L7, Li L8 and Li L9. The company has also developed the Li MEGA, a battery-electric multi-purpose vehicle.