Li Auto (NASDAQ:LI) Reaches New 12-Month Low – What’s Next?

Li Auto Inc. Sponsored ADR (NASDAQ:LI) shares reached a new 52-week low on Monday . The stock traded as low as $18.99 and last traded at $18.9850, with a volume of 1491927 shares. The stock had previously closed at $19.77.

Wall Street Analysts Forecast Growth

LI has been the topic of several recent analyst reports. Bank of America lowered shares of Li Auto from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Thursday, August 28th. Barclays reduced their price target on shares of Li Auto from $31.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. Dbs Bank downgraded shares of Li Auto from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 29th. Piper Sandler initiated coverage on Li Auto in a report on Tuesday, November 11th. They issued a “neutral” rating and a $19.00 target price on the stock. Finally, Sanford C. Bernstein decreased their price target on Li Auto from $26.00 to $25.00 and set a “market perform” rating on the stock in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.94.

Li Auto Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.73. The firm has a market cap of $19.56 billion, a P/E ratio of 17.79 and a beta of 1.05. The company’s 50 day moving average is $22.89 and its 200 day moving average is $25.50.

Institutional Trading of Li Auto

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in Li Auto by 9.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the company’s stock valued at $155,000 after purchasing an additional 538 shares during the period. US Bancorp DE boosted its holdings in shares of Li Auto by 9.0% in the 1st quarter. US Bancorp DE now owns 10,255 shares of the company’s stock worth $258,000 after buying an additional 844 shares during the last quarter. Tidal Investments LLC grew its position in Li Auto by 1.0% during the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock valued at $2,407,000 after buying an additional 856 shares during the period. Aberdeen Group plc increased its holdings in Li Auto by 3.1% during the third quarter. Aberdeen Group plc now owns 28,842 shares of the company’s stock worth $731,000 after buying an additional 872 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in Li Auto by 8.6% in the second quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after acquiring an additional 951 shares during the period. 9.88% of the stock is currently owned by institutional investors.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.