Li Auto (NASDAQ:LI) Reaches New 52-Week Low - Here's Why

Key Points

• Li Auto shares fell 5.5% to a new 52-week low of $11.52, below both their 50-day and 200-day moving averages.
• Analyst sentiment has weakened, with firms cutting price targets and issuing neutral-to-sell ratings. The stock has an average rating of “Reduce” and a consensus price target of $16.28.
• The company reported a quarterly loss of $0.22 per share on $3.78 billion in revenue, while analysts expect a full-year loss of approximately $0.28 per share.

Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $11.52 and last traded at $11.5550, with a volume of 803760 shares trading hands. The stock had previously closed at $12.14.

Wall Street Analyst Weigh In

A number of analysts recently commented on LI shares. HSBC decreased their price objective on shares of Li Auto from $17.20 to $15.60 and set a "hold" rating on the stock in a report on Wednesday, June 10th. Piper Sandler reduced their price target on shares of Li Auto from $15.00 to $13.00 and set a "neutral" rating for the company in a research report on Thursday, August 27th. Zacks Research lowered Li Auto from a "hold" rating to a "strong sell" rating in a research note on Friday, August 28th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Li Auto in a research note on Wednesday, August 26th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $14.50 price objective on shares of Li Auto in a research note on Wednesday, August 26th. One research 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $16.28.

Li Auto Stock Down 5.5%

The firm has a market capitalization of $12.29 billion, a PE ratio of -17.13 and a beta of 0.55. The firm's 50-day moving average is $12.45 and its 200 day moving average is $14.90. 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 announced its earnings results on Friday, July 31st. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $3.78 billion for the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%. As a group, research analysts forecast that Li Auto Inc. Sponsored ADR will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Li Auto

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in Li Auto by 157.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company's stock worth $51,000 after acquiring an additional 1,762 shares during the period. Leonteq Securities AG raised its holdings in Li Auto by 5.4% in the 1st quarter. Leonteq Securities AG now owns 37,878 shares of the company's stock valued at $675,000 after acquiring an additional 1,957 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Li Auto by 10.7% during 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 during the period. QRG Capital Management Inc. lifted its stake in shares of Li Auto by 43.7% during the 1st quarter. QRG Capital Management Inc. now owns 15,388 shares of the company's stock worth $274,000 after purchasing an additional 4,679 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Li Auto by 530.5% during the first quarter. Parallel Advisors LLC now owns 8,915 shares of the company's stock worth $159,000 after purchasing an additional 7,501 shares during the last quarter. Hedge funds and other institutional investors own 9.88% of the company's stock.

Li Auto Company Profile

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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