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

Li Auto Inc. Sponsored ADR (NASDAQ:LI) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $15.83 and last traded at $15.8880, with a volume of 659161 shares traded. The stock had previously closed at $16.19.

Wall Street Analysts Forecast Growth

LI has been the subject of a number of analyst reports. Citigroup reduced their price objective on shares of Li Auto from $20.20 to $18.50 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Li Auto in a report on Monday, December 29th. Barclays reduced their price target on shares of Li Auto from $24.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, December 1st. HSBC reaffirmed a “hold” rating and issued a $18.60 price objective (down from $30.30) on shares of Li Auto in a research report on Wednesday, December 3rd. Finally, Zacks Research upgraded Li Auto from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.05.

Li Auto Price Performance

The stock has a market capitalization of $16.95 billion, a PE ratio of 27.39 and a beta of 0.56. The firm’s fifty day moving average price is $17.50 and its two-hundred day moving average price is $22.18. The company has a quick ratio of 1.67, a current ratio of 1.80 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Li Auto

Several hedge funds and other institutional investors have recently modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new position in Li Auto in the second quarter valued at about $27,000. MAI Capital Management increased its position in shares of Li Auto by 2,236.0% during the 2nd quarter. MAI Capital Management now owns 1,168 shares of the company’s stock valued at $32,000 after purchasing an additional 1,118 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Li Auto in the 2nd quarter worth approximately $107,000. Hantz Financial Services Inc. lifted its stake in shares of Li Auto by 1,196.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 4,150 shares of the company’s stock worth $113,000 after purchasing an additional 3,830 shares during the period. Finally, Tuttle Capital Management LLC purchased a new position in shares of Li Auto in the fourth quarter worth approximately $170,000. 9.88% of the stock is owned by institutional investors.

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.