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

Li Auto Inc. Sponsored ADR (NASDAQ:LI) hit a new 52-week low during trading on Tuesday . The stock traded as low as $11.76 and last traded at $11.89, with a volume of 4490257 shares trading hands. The stock had previously closed at $12.04.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LI shares. Bank of America reiterated a “neutral” rating and issued a $18.00 price objective on shares of Li Auto in a research note on Thursday, May 28th. HSBC lowered their price target 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. Barclays cut their price target on Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Weiss Ratings lowered Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $17.30.

Li Auto Stock Performance

The firm’s 50 day moving average is $15.89 and its 200-day moving average is $16.93. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of -42.46 and a beta of 0.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.88.

Li Auto (NASDAQ:LI) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.15) EPS 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 for the quarter. Analysts forecast that Li Auto Inc. Sponsored ADR will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Li Auto

A number of institutional investors have recently modified their holdings of the business. SG Americas Securities LLC raised its holdings in Li Auto by 324.2% in the 4th quarter. SG Americas Securities LLC now owns 342,025 shares of the company’s stock worth $5,790,000 after purchasing an additional 261,389 shares during the period. Victory Financial Group LLC purchased a new position in Li Auto during the fourth quarter worth approximately $638,000. Ping Capital Management Inc. purchased a new position in Li Auto during the fourth quarter worth approximately $762,000. Maxi Investments CY Ltd acquired a new stake in Li Auto in the third quarter valued at approximately $16,040,000. Finally, Leonteq Securities AG acquired a new stake in Li Auto in the fourth quarter valued at approximately $608,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

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.