Li Auto (NASDAQ:LI) Shares Gap Up - Still a Buy?

Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $25.95, but opened at $27.10. Li Auto shares last traded at $27.09, with a volume of 1,122,279 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LI. Macquarie lowered Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price on the stock. in a report on Monday, March 17th. Nomura Securities raised Li Auto to a "hold" rating in a research report on Monday, March 17th. Finally, Cfra Research raised Li Auto from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 10th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $32.85.

Li Auto Stock Performance

The stock has a market capitalization of $28.25 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.08 and a beta of 0.95. The company's 50-day simple moving average is $27.62 and its 200-day simple moving average is $25.88. The company has a current ratio of 1.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.12.

Li Auto (NASDAQ:LI - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the business earned $1.21 EPS. The business's quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts expect that Li Auto Inc. Sponsored ADR will post 0.96 EPS for the current year.

Institutional Investors Weigh In On Li Auto

Several hedge funds have recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Li Auto by 4.4% in the 4th quarter. Signaturefd LLC now owns 10,184 shares of the company's stock valued at $244,000 after purchasing an additional 428 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Li Auto by 16.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after purchasing an additional 500 shares during the period. PNC Financial Services Group Inc. grew its stake in Li Auto by 9.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the company's stock valued at $155,000 after acquiring an additional 538 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its stake in Li Auto by 2.2% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company's stock worth $604,000 after purchasing an additional 547 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Li Auto by 9.0% in the 1st quarter. US Bancorp DE now owns 10,255 shares of the company's stock valued at $258,000 after purchasing an additional 844 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors.

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.