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

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s stock price reached a new 52-week low on Thursday . The company traded as low as $13.30 and last traded at $13.3290, with a volume of 104578 shares. The stock had previously closed at $13.58.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LI. BNP Paribas Exane upgraded shares of Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. The Goldman Sachs Group lowered shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Tuesday, March 17th. Piper Sandler raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a research report on Friday, March 13th. Finally, Sanford C. Bernstein set a $19.00 price target on shares of Li Auto and gave the company a “market perform” rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $17.30.

Li Auto Trading Down 2.8%

The business’s 50-day moving average is $16.86 and its two-hundred day moving average is $17.23. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.88. The stock has a market capitalization of $14.09 billion, a PE ratio of -47.12 and a beta of 0.57.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data 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 firm had revenue of $3.33 billion during the quarter. As a group, equities research analysts anticipate that Li Auto Inc. Sponsored ADR will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Li Auto

A number of hedge funds and other institutional investors have recently bought and sold shares of LI. Goldman Sachs Group Inc. lifted its holdings in 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 during the period. SIH Partners LLLP lifted its holdings in Li Auto by 184.7% in the fourth quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock valued at $37,230,000 after acquiring an additional 1,426,745 shares during the period. Maxi Investments CY Ltd acquired a new stake in Li Auto in the third quarter valued at $16,040,000. Hsbc Holdings PLC lifted its holdings in Li Auto by 648.8% in the fourth quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock valued at $12,259,000 after acquiring an additional 630,516 shares during the period. Finally, Barclays PLC lifted its holdings in Li Auto by 167.0% in the fourth quarter. Barclays PLC now owns 536,718 shares of the company’s stock valued at $9,087,000 after acquiring an additional 335,718 shares during the period. Institutional investors and hedge funds 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.