Li Auto (NASDAQ:LI) Stock Price Breaks Above Fifty Day Moving Average – What’s Next?

Li Auto Inc. Sponsored ADR (NASDAQ:LI – Get Free Report) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $11.59 and traded as high as $11.84. Li Auto shares last traded at $11.5950, with a volume of 4,787,037 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LI. Sanford C. Bernstein restated a “market perform” rating and issued a $14.50 target price on shares of Li Auto in a research note on Wednesday, August 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Li Auto in a research note on Wednesday, August 26th. Wall Street Zen lowered Li Auto from a “sell” rating to a “strong sell” rating in a report on Sunday, September 6th. Zacks Research cut Li Auto from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Piper Sandler dropped their price objective on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, August 27th. Ten analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Li Auto presently has an average rating of “Reduce” and an average target price of $16.28.

Get Our Latest Stock Analysis on Li Auto

Li Auto Price Performance

The business’s 50 day moving average is $11.59 and its two-hundred day moving average is $14.74. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.65 and a current ratio of 1.81. The firm has a market capitalization of $12.01 billion, a PE ratio of -17.31 and a beta of 0.40.

Li Auto (NASDAQ:LI – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported ($0.22) EPS for the quarter. The company had revenue of $3.78 billion during the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%. Equities research analysts anticipate that Li Auto Inc. Sponsored ADR will post -0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Li Auto

A number of institutional investors and hedge funds have recently modified their holdings of LI. Barometer Capital Management Inc. purchased a new stake in Li Auto in the 1st quarter worth approximately $1,548,000. Quantinno Capital Management LP grew its position in shares of Li Auto by 160.6% during the 1st quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock valued at $3,435,000 after purchasing an additional 118,733 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Li Auto during the 2nd quarter valued at $1,133,000. Xiamen Xinweidachuang Investment Partnership Limited Partnership purchased a new position in shares of Li Auto during the 2nd quarter valued at $57,833,177. Finally, Hsbc Holdings PLC increased its holdings in shares of Li Auto by 648.8% in the fourth quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock worth $12,259,000 after purchasing an additional 630,516 shares during the period. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Company Profile

(Get Free Report)

Li Auto Inc is a Chinese automaker that designs, develops, manufactures and sells new energy vehicles. The company focuses on smart electric vehicles, including extended-range electric vehicles that combine a battery-powered drivetrain with an onboard engine generator, as well as battery-electric vehicles.

Its product lineup has included the Li ONE and the L-series range-extended electric SUVs, such as the Li L6, Li L7, Li L8 and Li L9. The company has also developed the Li MEGA, a battery-electric multi-purpose vehicle.

Further Reading

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