Li Auto (NASDAQ:LI) Reaches New 52-Week Low – Here’s What Happened

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) hit a new 52-week low on Monday . The company traded as low as $11.52 and last traded at $11.5550, with a volume of 803760 shares. The stock had previously closed at $12.14.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays dropped their price objective on Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. Zacks Research lowered shares of Li Auto from a “hold” rating to a “strong sell” rating in a research report on Friday, August 28th. Bank of America reiterated a “neutral” rating and set a $18.00 target price on shares of Li Auto in a research report on Thursday, May 28th. 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, HSBC decreased their target price on Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a report on Wednesday, June 10th. Ten analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $16.28.

Li Auto Price Performance

The business’s 50-day moving average price is $12.43 and its two-hundred day moving average price is $14.82. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of -17.40 and a beta of 0.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.81 and a quick ratio of 1.65.

Li Auto (NASDAQ:LI) last issued its earnings results on Friday, July 31st. The company reported ($0.22) earnings per share (EPS) for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. The company had revenue of $3.78 billion during the quarter. On average, research analysts forecast that Li Auto Inc. Sponsored ADR will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Li Auto

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tidal Investments LLC increased its position in Li Auto by 10.7% in the second quarter. Tidal Investments LLC now owns 47,986 shares of the company’s stock worth $563,000 after buying an additional 4,650 shares during the period. WINTON GROUP Ltd bought a new stake in Li Auto during the second quarter worth approximately $470,000. Engineers Gate Manager LP bought a new stake in shares of Li Auto in the 2nd quarter worth $500,000. Nykredit A S bought a new stake in Li Auto in the second quarter worth about $816,000. Finally, Corient Private Wealth LP acquired a new stake in Li Auto during the second quarter valued at approximately $146,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc (NASDAQ: LI) is a Chinese new energy vehicle manufacturer that develops, manufactures and sells smart electric vehicles. The company has focused primarily on family-oriented vehicles, combining battery-electric powertrains with extended-range electric vehicle technology designed to provide additional driving range through an onboard engine-generator.

Li Auto’s product portfolio has included the Li ONE and the Li L-series of premium sport utility vehicles, including the L6, L7, L8 and L9.