Li Auto Inc. (NASDAQ:LI - Get Free Report) shares traded down 9% during mid-day trading on Monday . The stock traded as low as $34.34 and last traded at $34.38. 3,007,375 shares were traded during mid-day trading, a decline of 64% from the average session volume of 8,241,429 shares. The stock had previously closed at $37.77.
Wall Street Analysts Forecast Growth
Several research firms recently commented on LI. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a "hold" rating to a "buy" rating and cut their price target for the company from $45.00 to $41.00 in a report on Tuesday, February 6th. The Goldman Sachs Group assumed coverage on Li Auto in a research note on Wednesday, January 3rd. They issued a "buy" rating for the company. Barclays upped their price target on Li Auto from $50.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. Finally, Bank of America decreased their price objective on shares of Li Auto from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Monday. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $80.88.
View Our Latest Stock Report on LI
Li Auto Trading Down 12.2 %
The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.48 and a current ratio of 1.57. The business's 50 day moving average price is $33.16 and its 200-day moving average price is $35.41. The firm has a market cap of $35.17 billion, a price-to-earnings ratio of 21.39 and a beta of 1.11.
Institutional Investors Weigh In On Li Auto
A number of institutional investors have recently made changes to their positions in the company. Comerica Bank acquired a new stake in Li Auto during the second quarter worth about $290,000. IFP Advisors Inc raised its position in shares of Li Auto by 233.3% during the 2nd quarter. IFP Advisors Inc now owns 1,000 shares of the company's stock worth $35,000 after purchasing an additional 700 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Li Auto by 584.1% in the 1st quarter. Captrust Financial Advisors now owns 1,074 shares of the company's stock worth $28,000 after purchasing an additional 917 shares during the last quarter. Scarborough Advisors LLC acquired a new position in Li Auto during the 4th quarter valued at approximately $41,000. Finally, Concourse Financial Group Securities Inc. increased its position in Li Auto by 186.0% in the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company's stock worth $51,000 after buying an additional 930 shares during the period. 9.18% of the stock is currently owned by institutional investors.
About Li Auto
(
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Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE and Li L series smart electric vehicles. It also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.
Further Reading
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