Li Auto (NASDAQ:LI) Stock Price Down 4% - Should You Sell?

Li Auto Inc. (NASDAQ:LI - Get Free Report) was down 4% during trading on Tuesday . The stock traded as low as $29.17 and last traded at $28.94. Approximately 528,210 shares traded hands during trading, a decline of 92% from the average daily volume of 6,432,714 shares. The stock had previously closed at $30.15.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LI shares. HSBC set a $38.50 target price on Li Auto and gave the stock a "buy" rating in a research note on Thursday, March 6th. Macquarie downgraded Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price for the company. in a research note on Monday, March 17th. Nomura Securities raised Li Auto to a "hold" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. raised 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 research note on Friday, February 28th. Finally, Cfra Research raised Li Auto to a "strong sell" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $32.85.

Li Auto Price Performance

The company has a 50 day moving average price of $25.85 and a 200-day moving average price of $25.26. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The company has a market cap of $30.82 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 3.27 and a beta of 0.98.

Li Auto (NASDAQ:LI - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.45 billion. Li Auto had a net margin of 7.20% and a return on equity of 13.03%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. As a group, equities research analysts predict that Li Auto Inc. will post 0.96 EPS for the current fiscal year.

Institutional Trading of Li Auto

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in Li Auto during the 1st quarter valued at approximately $33,000. Summit Securities Group LLC bought a new position in shares of Li Auto during the 1st quarter worth approximately $50,000. CX Institutional bought a new position in shares of Li Auto during the 1st quarter worth approximately $72,000. Daiwa Securities Group Inc. boosted its holdings in shares of 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 buying an additional 500 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of 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 buying 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.