Li Auto (NASDAQ:LI) Sets New 12-Month Low – Should You Sell?

Li Auto Inc. Sponsored ADR (NASDAQ:LIGet Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $15.64 and last traded at $15.8070, with a volume of 1189803 shares changing hands. The stock had previously closed at $16.18.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LI. BNP Paribas Exane upgraded Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Piper Sandler upgraded Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th. The Goldman Sachs Group downgraded Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Tuesday, March 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Li Auto in a research report on Friday, March 27th. Finally, Sanford C. Bernstein set a $19.00 price target on Li Auto and gave the stock a “market perform” rating in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Li Auto has an average rating of “Hold” and a consensus price target of $18.55.

Check Out Our Latest Report on LI

Li Auto Trading Down 1.1%

The firm has a market cap of $17.08 billion, a price-to-earnings ratio of 123.05 and a beta of 0.63. The company has a fifty day moving average price of $18.07 and a 200-day moving average price of $17.89. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.05.

Li Auto (NASDAQ:LIGet Free Report) last released its quarterly earnings results on Sunday, March 22nd. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $545.61 million during the quarter. Li Auto had a return on equity of 1.52% and a net margin of 0.99%. As a group, research analysts expect that Li Auto Inc. Sponsored ADR will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Li Auto by 312.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 1,762 shares during the last quarter. DV Equities LLC purchased a new position in shares of Li Auto during the fourth quarter worth about $72,000. Parallel Advisors LLC grew its holdings in shares of 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 buying an additional 7,501 shares during the last quarter. Finally, Tuttle Capital Management LLC purchased a new position in shares of Li Auto during the fourth quarter worth about $170,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Li Auto Company Profile

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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.

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