Li Auto (NASDAQ:LI) Stock Price Down 3.8% - Time to Sell?

Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report)'s stock price was down 3.8% during trading on Wednesday . The stock traded as low as $25.65 and last traded at $25.82. Approximately 2,516,554 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 5,418,958 shares. The stock had previously closed at $26.83.

Wall Street Analyst Weigh In

LI has been the topic of a number of recent research reports. Cfra Research raised Li Auto from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 10th. Macquarie lowered Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target on the stock. in a report on Monday, March 17th. Nomura Securities raised shares of Li Auto to a "hold" rating in a research report on Monday, March 17th. Finally, HSBC set a $38.50 price objective on shares of Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $32.85.

Li Auto Trading Down 2.6%

The firm has a market cap of $27.37 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87. The company has a 50 day moving average price of $27.47 and a 200 day moving average price of $25.76.

Li Auto (NASDAQ:LI - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). Li Auto had a net margin of 5.60% and a return on equity of 11.83%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the previous year, the company earned $1.21 EPS. The company's quarterly revenue was up 1.1% compared to the same quarter last year. On average, research analysts expect that Li Auto Inc. Sponsored ADR will post 0.96 earnings per share for the current year.

Institutional Trading of Li Auto

Several institutional investors have recently added to or reduced their stakes in the stock. SVB Wealth LLC acquired a new position in Li Auto in the 1st quarter valued at about $33,000. Summit Securities Group LLC acquired a new stake in Li Auto during the 1st quarter worth approximately $50,000. CX Institutional purchased a new position in Li Auto in the 1st quarter valued at approximately $72,000. Daiwa Securities Group Inc. grew its stake in shares of Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after acquiring an additional 500 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in Li Auto by 1,077.3% during the 1st quarter. Brooklyn Investment Group now owns 4,980 shares of the company's stock worth $125,000 after purchasing an additional 4,557 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company's stock.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.