Li Auto (NASDAQ:LI) Hits New 12-Month Low – Time to Sell?

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s stock price reached a new 52-week low during trading 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.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LI shares. Weiss Ratings cut Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Bank of America reaffirmed a “neutral” rating and set a $18.00 target price on shares of Li Auto in a report on Thursday, May 28th. Piper Sandler raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a report on Friday, March 13th. Sanford C. Bernstein set a $19.00 price objective on shares of Li Auto and gave the company a “market perform” rating in a report on Friday, March 13th. Finally, Barclays decreased their price objective on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $17.30.

Li Auto Stock Performance

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 firm’s fifty day moving average is $16.41 and its 200 day moving average is $17.09. The company has a market cap of $13.49 billion, a PE ratio of -45.11 and a beta of 0.57.

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

Institutional Investors Weigh In On Li Auto

Several large investors have recently bought and sold shares of LI. Farther Finance Advisors LLC lifted its position in shares of Li Auto by 312.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Li Auto by 157.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock worth $51,000 after purchasing an additional 1,762 shares in the last quarter. DV Equities LLC acquired a new position in Li Auto in the 4th quarter valued at $72,000. Limestone Investment Advisors LP acquired a new position in Li Auto in the 3rd quarter valued at $222,000. Finally, 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 valued at $159,000 after purchasing an additional 7,501 shares in the last quarter. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

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.