Li Auto (NASDAQ:LI) Shares Gap Up – Here’s Why

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $13.78, but opened at $14.54. Li Auto shares last traded at $14.3950, with a volume of 1,504,958 shares traded.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings downgraded Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Piper Sandler upgraded Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th. BNP Paribas Exane upgraded Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. 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. Finally, The Goldman Sachs Group downgraded Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Tuesday, March 17th. One equities research 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $17.30.

Li Auto Stock Up 3.8%

The business has a 50-day simple moving average of $17.13 and a two-hundred day simple moving average of $17.33. 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 company has a market capitalization of $15.27 billion, a price-to-earnings ratio of -51.07 and a beta of 0.57.

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

Institutional Trading of Li Auto

A number of hedge funds have recently added to or reduced their stakes in LI. Farther Finance Advisors LLC lifted its position in Li Auto by 312.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after acquiring an additional 1,268 shares during the period. EverSource Wealth Advisors LLC lifted its position in Li Auto by 157.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock worth $51,000 after acquiring an additional 1,762 shares during the period. DV Equities LLC acquired a new stake in shares of Li Auto in the 4th quarter valued at approximately $72,000. Parallel Advisors LLC raised its holdings in Li Auto by 530.5% during the first quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after purchasing an additional 7,501 shares during the last quarter. Finally, Tuttle Capital Management LLC acquired a new position in Li Auto during the fourth quarter worth $170,000. 9.88% of the stock is 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.