Li Auto (NASDAQ:LI) Sets New 52-Week Low – Time to Sell?

Li Auto Inc. Sponsored ADR (NASDAQ:LI) hit a new 52-week low on Wednesday . The stock traded as low as $12.31 and last traded at $12.63, with a volume of 5798735 shares changing hands. The stock had previously closed at $12.82.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LI. Wall Street Zen raised Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. Piper Sandler raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a research report on Friday, March 13th. Sanford C. Bernstein set a $19.00 price objective on shares of Li Auto and gave the stock a “market perform” rating in a research report on Friday, March 13th. Weiss Ratings downgraded shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Finally, HSBC decreased their target price on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $17.30.

Li Auto Stock Performance

The company has a 50 day moving average price of $16.14 and a 200-day moving average price of $17.01. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The company has a market cap of $12.64 billion, a P/E ratio of -42.25 and a beta of 0.57.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $3.33 billion for the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%. On average, equities analysts expect that Li Auto Inc. Sponsored ADR will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC boosted its stake in shares of Li Auto by 1.0% in the 2nd quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock valued at $2,407,000 after purchasing an additional 856 shares in the last quarter. Corient Private Wealth LLC increased its position in Li Auto by 8.6% during the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after purchasing an additional 951 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Li Auto by 4.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock worth $459,000 after purchasing an additional 1,121 shares in the last quarter. Ballentine Partners LLC lifted its stake in Li Auto by 9.6% in the 4th quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock valued at $233,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Li Auto by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock valued at $4,790,000 after purchasing an additional 1,230 shares during the last quarter. Institutional investors 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.