Li Auto (NASDAQ:LI) Hits New 52-Week Low - What's Next?

Key Points

• Li Auto shares fell to a new 52-week low of $11.62 during Thursday trading, well below the 50-day and 200-day moving averages of $12.47 and $15.20, respectively.
• Analyst sentiment is cautious: the consensus rating is “Reduce”, with one Strong Buy, ten Holds, and three Sells, while the average price target stands at $16.28. Piper Sandler and Barclays recently lowered their targets to $13 and $14.
• Li Auto 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, with several firms initiating or increasing positions in the second quarter.

Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.62 and last traded at $11.65, with a volume of 3101205 shares changing hands. The stock had previously closed at $11.91.

Analyst Ratings Changes

A number of equities research analysts have commented on LI shares. Piper Sandler decreased their price objective on shares of Li Auto from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, August 27th. Bank of America reiterated a "neutral" rating and set a $18.00 target price on shares of Li Auto in a research report on Thursday, May 28th. Barclays decreased their price target on shares of Li Auto from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Friday, May 29th. Weiss Ratings reissued a "sell (d)" rating on shares of Li Auto in a report on Wednesday, August 26th. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $14.50 price objective on shares of Li Auto in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $16.28.

Li Auto Stock Performance

The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of -17.39 and a beta of 0.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.81 and a quick ratio of 1.65. The stock has a 50-day moving average of $12.47 and a 200 day moving average of $15.20.

Li Auto (NASDAQ:LI - Get Free Report) last released its earnings results on Friday, July 31st. The company reported ($0.22) earnings per share (EPS) for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. The business had revenue of $3.78 billion for the quarter. On average, analysts expect that Li Auto Inc. Sponsored ADR will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LI. Tidal Investments LLC lifted its holdings in shares of Li Auto by 10.7% in the 2nd quarter. Tidal Investments LLC now owns 47,986 shares of the company's stock worth $563,000 after purchasing an additional 4,650 shares in the last quarter. WINTON GROUP Ltd bought a new position in Li Auto in the 2nd quarter worth approximately $470,000. Engineers Gate Manager LP bought a new position in Li Auto in the 2nd quarter worth approximately $500,000. Nykredit A S purchased a new position in Li Auto in the 2nd quarter valued at approximately $816,000. Finally, Corient Private Wealth LP purchased a new position in Li Auto in the 2nd quarter valued at approximately $146,000. Institutional investors and hedge funds own 9.88% of the company's stock.

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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