Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $26.01, but opened at $27.23. Li Auto shares last traded at $27.86, with a volume of 1,624,511 shares traded.
Analyst Ratings Changes
LI has been the subject of several research analyst reports. Nomura Securities upgraded Li Auto to a "hold" rating in a report on Monday, March 17th. HSBC set a $38.50 target price on shares of Li Auto and gave the company a "buy" rating in a report on Thursday, March 6th. Macquarie downgraded shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target on the stock. in a research note on Monday, March 17th. Cfra Research raised shares of Li Auto from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 10th. Finally, JPMorgan Chase & Co. upgraded shares of Li Auto from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $32.85.
Get Our Latest Stock Report on Li Auto
Li Auto Stock Performance
The firm's fifty day moving average price is $26.81 and its 200 day moving average price is $25.54. The firm has a market cap of $29.16 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 1.09 and a beta of 0.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87.
Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a return on equity of 11.83% and a net margin of 5.60%. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The company's revenue was up 1.1% on a year-over-year basis. Sell-side analysts expect that Li Auto Inc. Sponsored ADR will post 0.96 EPS for the current fiscal year.
Institutional Trading of Li Auto
Large investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new stake in Li Auto during the 1st quarter worth about $506,000. Goldman Sachs Group Inc. lifted its holdings in shares of Li Auto by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company's stock worth $66,431,000 after purchasing an additional 1,505,991 shares during the period. Electron Capital Partners LLC purchased a new stake in Li Auto in the first quarter valued at approximately $24,658,000. Advisors Asset Management Inc. increased its holdings in Li Auto by 27.9% in the 1st quarter. Advisors Asset Management Inc. now owns 25,274 shares of the company's stock worth $637,000 after buying an additional 5,511 shares during the period. Finally, Hhlr Advisors LTD. acquired a new stake in Li Auto during the 1st quarter valued at approximately $15,624,000. Hedge funds and other institutional investors own 9.88% of the company's stock.
About Li Auto
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Li Auto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Li Auto wasn't on the list.
While Li Auto currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
