Li Auto (NASDAQ:LI) Rating Lowered to “Strong Sell” at Zacks Research

Li Auto (NASDAQ:LIGet Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

A number of other research firms have also recently weighed in on LI. Wall Street Zen upgraded Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. Bank of America reiterated a “neutral” rating and set a $18.00 price objective on shares of Li Auto in a research report on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Li Auto in a research report on Friday, March 27th. Barclays lowered their price objective on Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on Li Auto from $14.00 to $15.50 and gave the stock an “underweight” rating in a research report on Friday, March 13th. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $17.55.

Get Our Latest Stock Analysis on LI

Li Auto Stock Down 3.4%

LI opened at $15.01 on Thursday. Li Auto has a 1-year low of $14.90 and a 1-year high of $32.03. The stock’s fifty day simple moving average is $17.76 and its 200 day simple moving average is $17.66. 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 stock has a market cap of $16.03 billion, a PE ratio of -53.61 and a beta of 0.63.

Li Auto (NASDAQ:LIGet Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. The business had revenue of $3.33 billion during the quarter. As a group, research analysts expect that Li Auto will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position 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 worth $51,000 after purchasing an additional 1,762 shares during the period. Quantinno Capital Management LP increased its position in shares of Li Auto by 160.6% in the first quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock worth $3,435,000 after purchasing an additional 118,733 shares during the period. Barometer Capital Management Inc. bought a new position in shares of Li Auto in the first quarter worth $1,548,000. PNC Financial Services Group Inc. boosted its stake in Li Auto by 102.2% in the first quarter. PNC Financial Services Group Inc. now owns 15,216 shares of the company’s stock valued at $271,000 after buying an additional 7,689 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake 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 buying an additional 7,501 shares in the last quarter. Institutional investors own 9.88% of the company’s stock.

Li Auto News Roundup

Here are the key news stories impacting Li Auto this week:

About Li Auto

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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.

Further Reading

Analyst Recommendations for Li Auto (NASDAQ:LI)

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