Li Auto (NASDAQ:LI) Reaches New 1-Year 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 $15.29 and last traded at $15.4830, with a volume of 783661 shares changing hands. The stock had previously closed at $15.88.

Li Auto News Summary

Here are the key news stories impacting Li Auto this week:

  • Positive Sentiment: Li Auto beat first-quarter revenue expectations, posting $3.33 billion versus the consensus estimate of $3.17 billion, and delivered 95,142 vehicles, up 2.5% year over year. Article Title
  • Positive Sentiment: The company also beat EPS expectations, reporting a loss of $0.15 per share versus the expected loss of $0.27, showing better-than-feared profitability in the quarter. Article Title
  • Neutral Sentiment: Management said it remains focused on technological upgrades and market expansion as it works through a difficult operating environment. Article Title
  • Negative Sentiment: Li Auto’s second-quarter revenue guidance of $3.5 billion to $3.7 billion was below the $4.2 billion consensus estimate, signaling slowing near-term demand. Article Title
  • Negative Sentiment: The company’s first-quarter loss and year-over-year revenue decline of 11.4% reinforced concerns that slowing hybrid sales are pressuring margins and growth. Article Title

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Sanford C. Bernstein set a $19.00 target price on Li Auto and gave the company a “market perform” rating in a research note on Friday, March 13th. The Goldman Sachs Group lowered 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. Wall Street Zen raised Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Li Auto in a research note on Friday, March 27th. Finally, Macquarie Infrastructure raised shares of Li Auto from an “underperform” rating to a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Li Auto currently has an average rating of “Hold” and a consensus target price of $17.88.

Get Our Latest Research Report on Li Auto

Li Auto Stock Down 1.5%

The firm’s 50 day moving average is $17.80 and its two-hundred day moving average is $17.68. The firm has a market cap of $16.60 billion, a P/E ratio of 119.55 and a beta of 0.63. 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 Friday, May 15th. The company reported ($0.15) EPS for the quarter. The business had revenue of $3.33 billion for the quarter. Li Auto had a return on equity of 1.52% and a net margin of 0.99%. As a group, research analysts anticipate that Li Auto Inc. Sponsored ADR will post 0.12 EPS for the current fiscal year.

Institutional Trading of Li Auto

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. ABC Arbitrage SA acquired a new position in shares of Li Auto during the 3rd quarter worth approximately $865,000. SG Americas Securities LLC raised its stake in shares of Li Auto by 324.2% during the 4th quarter. SG Americas Securities LLC now owns 342,025 shares of the company’s stock worth $5,790,000 after purchasing an additional 261,389 shares in the last quarter. Victory Financial Group LLC bought a new stake in shares of Li Auto during the 4th quarter worth approximately $638,000. Maxi Investments CY Ltd bought a new stake in shares of Li Auto during the 3rd quarter worth approximately $16,040,000. Finally, American Century Companies Inc. raised its stake in shares of Li Auto by 4.6% during the 3rd quarter. American Century Companies Inc. now owns 1,355,616 shares of the company’s stock worth $34,351,000 after purchasing an additional 60,172 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

About Li Auto

(Get Free Report)

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.

See Also

Receive News & Ratings for Li Auto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li Auto and related companies with MarketBeat.com's FREE daily email newsletter.