Li Auto (NASDAQ:LI) Sets New 1-Year Low – What’s Next?

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s stock price hit a new 52-week low on Friday . The company traded as low as $14.07 and last traded at $14.1030, with a volume of 2023860 shares traded. The stock had previously closed at $14.57.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LI shares. Piper Sandler upgraded Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th. Wall Street Zen upgraded shares of Li Auto from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. Zacks Research cut shares of Li Auto from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 28th. Barclays dropped their price target on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Finally, The Goldman Sachs Group lowered shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $17.55.

Li Auto Price Performance

The company has a 50-day simple moving average of $17.57 and a 200-day simple moving average of $17.50. The stock has a market cap of $15.07 billion, a PE ratio of -50.37 and a beta of 0.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.88 and a quick ratio of 1.75.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in Li Auto by 312.3% in the fourth 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 in the last quarter. EverSource Wealth Advisors LLC raised its position in Li Auto by 157.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock worth $51,000 after acquiring an additional 1,762 shares in the last quarter. DV Equities LLC purchased a new position in Li Auto in the fourth quarter worth $72,000. Limestone Investment Advisors LP acquired a new stake in Li Auto in the third quarter valued at $222,000. Finally, Parallel Advisors LLC grew its holdings in Li Auto by 530.5% in the first quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock valued at $159,000 after purchasing an additional 7,501 shares during the last quarter. Hedge funds and other institutional investors 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.