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

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.67 and last traded at $13.69, with a volume of 3788450 shares. The stock had previously closed at $14.11.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Sanford C. Bernstein set a $19.00 price target on Li Auto and gave the stock a “market perform” rating in a research note on Friday, March 13th. Piper Sandler raised Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th. Barclays dropped their price target 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. BNP Paribas Exane raised Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings lowered Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $17.30.

Li Auto Stock Performance

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 business has a 50 day moving average price of $17.29 and a two-hundred day moving average price of $17.38. The company has a market cap of $14.62 billion, a P/E ratio of -48.89 and a beta of 0.57.

Li Auto (NASDAQ:LI) last released its 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 company had revenue of $3.33 billion during the quarter. On average, sell-side 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

Several institutional investors and hedge funds have recently bought and sold shares of LI. Farther Finance Advisors LLC lifted its holdings in Li Auto by 312.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Li Auto by 157.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock worth $51,000 after buying an additional 1,762 shares during the period. DV Equities LLC purchased a new stake in Li Auto in the 4th quarter worth approximately $72,000. Parallel Advisors LLC lifted its holdings in Li Auto by 530.5% in the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after buying an additional 7,501 shares during the period. Finally, Tuttle Capital Management LLC purchased a new stake in Li Auto in the 4th quarter worth approximately $170,000. 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.