Li Auto (NASDAQ:LI) Hits New 12-Month Low - Here's Why

Key Points

• Li Auto shares hit a new 52-week low, falling 4.3% intraday to about $11.27 and trading below both their 50-day and 200-day moving averages.
• Analyst sentiment is bearish to cautious: the stock carries a consensus “Reduce” rating, with ten Holds and three Sells, while the average price target is $16.28.
• The company reported a quarterly loss of $0.22 per share on $3.78 billion in revenue, alongside a negative net margin and return on equity; institutional investors own 9.88% of the stock.

Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $11.43 and last traded at $11.2670, with a volume of 75345 shares changing hands. The stock had previously closed at $11.71.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Li Auto from a "sell" rating to a "strong sell" rating in a research note on Sunday, September 6th. HSBC lowered their target price on Li Auto from $17.20 to $15.60 and set a "hold" rating on the stock in a research note on Wednesday, June 10th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $14.50 target price on shares of Li Auto in a research report on Wednesday, August 26th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Li Auto in a research note on Wednesday, August 26th. Finally, Piper Sandler reduced their price target on Li Auto from $15.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, August 27th. Ten investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Li Auto presently has an average rating of "Reduce" and an average target price of $16.28.

Li Auto Trading Down 4.3%

The company has a market cap of $11.06 billion, a price-to-earnings ratio of -16.74 and a beta of 0.55. The company's 50 day moving average price is $12.35 and its 200 day moving average price is $14.66. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.65 and a current ratio of 1.81.

Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $3.78 billion during the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. Research analysts anticipate that Li Auto Inc. Sponsored ADR will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. lifted its stake in shares of Li Auto by 10.5% in the second quarter. QRG Capital Management Inc. now owns 17,003 shares of the company's stock worth $200,000 after buying an additional 1,615 shares during the last quarter. Tidal Investments LLC boosted its stake in Li Auto by 10.7% in the 2nd quarter. Tidal Investments LLC now owns 47,986 shares of the company's stock valued at $563,000 after buying an additional 4,650 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Li Auto in the second quarter valued at $470,000. Engineers Gate Manager LP acquired a new position in Li Auto during the second quarter worth $500,000. Finally, Nykredit A S acquired a new stake in shares of Li Auto in the 2nd quarter valued at $816,000. 9.88% of the stock is owned by institutional investors.

About Li Auto

Li Auto Inc NASDAQ: LI is a Chinese new energy vehicle manufacturer that develops, manufactures and sells smart electric vehicles. The company has focused primarily on family-oriented vehicles, combining battery-electric powertrains with extended-range electric vehicle technology designed to provide additional driving range through an onboard engine-generator.

Li Auto's product portfolio has included the Li ONE and the Li L-series of premium sport utility vehicles, including the L6, L7, L8 and L9.

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