Li Auto (NASDAQ:LI) Shares Gap Down to $27.00

Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $27.00, but opened at $26.25. Li Auto shares last traded at $26.47, with a volume of 1,252,648 shares.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Macquarie assumed coverage on Li Auto in a report on Monday, April 15th. They set an "outperform" rating and a $40.00 price objective for the company. Bank of America dropped their price objective on Li Auto from $60.00 to $55.00 and set a "buy" rating for the company in a report on Monday, March 18th. Citigroup decreased their price target on shares of Li Auto from $57.30 to $48.50 and set a "buy" rating for the company in a research report on Friday, March 22nd. Barclays cut shares of Li Auto from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $39.00 to $25.00 in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a "hold" rating to a "buy" rating and decreased their price target for the stock from $45.00 to $41.00 in a research report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Li Auto presently has a consensus rating of "Moderate Buy" and an average target price of $45.36.

Li Auto Trading Down 2.2 %

The company has a current ratio of 1.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03. The business's 50-day simple moving average is $30.47 and its two-hundred day simple moving average is $33.25. The company has a market capitalization of $28.01 billion, a PE ratio of 17.42 and a beta of 1.10.

Li Auto (NASDAQ:LI - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The company had revenue of $5.88 billion during the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. On average, analysts predict that Li Auto Inc. will post 1.61 earnings per share for the current year.

Hedge Funds Weigh In On Li Auto

Large investors have recently modified their holdings of the stock. Concourse Financial Group Securities Inc. raised its stake in Li Auto by 186.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company's stock worth $51,000 after acquiring an additional 930 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Li Auto during the third quarter worth about $6,787,000. Aubrey Capital Management Ltd raised its stake in Li Auto by 2,566.0% during the third quarter. Aubrey Capital Management Ltd now owns 266,600 shares of the company's stock worth $9,388,000 after acquiring an additional 256,600 shares during the period. Signaturefd LLC increased its stake in shares of Li Auto by 7.1% in the third quarter. Signaturefd LLC now owns 8,613 shares of the company's stock valued at $307,000 after purchasing an additional 569 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Li Auto in the third quarter valued at approximately $1,598,000. Institutional investors own 9.88% of the company's stock.

About Li Auto

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.