Stocks of Li Auto Inc. (NASDAQ:LI) traded higher last session on Wall Street, down -1.73% to $17.57.
According to the data, Li Auto Inc. (NASDAQ:LI) has 35 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $424.59 and a low of $37.11, we find $201.91. Given the previous closing price of $17.88, this indicates a potential upside of 1029.25 percent. LI stock price is now -13.15% away from the 50-day moving average and -34.28% away from the 200-day moving average. The market capitalization of the company currently stands at $18.11B.
A total of 4 analysts have issued a hold rating and 27 have given it a buy rating. Brokers who have rated the stock have averaged $221.35 as their price target over the next twelve months.
On April 04, 2022, HSBC Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $35, while ‘China Renaissance’ rates the stock as ‘Buy’.
A total of 0.04% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LI stock. A new stake in Li Auto Inc. shares was purchased by QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $27,764,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $11,060,000 in shares of LI during the first quarter. In the first quarter, MYRIAD ASSET MANAGEMENT LTD. acquired a new stake in Li Auto Inc. valued at approximately $5,271,000. OLD WELL PARTNERS, LLC acquired a new stake in LI for approximately $2,917,000. CLOUDALPHA CAPITAL MANAGEMENT LIMITED/HONG KONG purchased a new stake in LI valued at around $2,811,000 in the second quarter. In total, there are 465 active investors with 27.30% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $17.46 for Li Auto Inc. (NASDAQ: LI). During the past 12 months, Li Auto Inc. has had a low of $12.52 and a high of $41.49. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 3.20, and a quick ratio of 3.10. The fifty day moving average price for LI is $20.23 and a two-hundred day moving average price translates $26.74 for the stock.
The latest earnings results from Li Auto Inc. (NASDAQ: LI) was released for Jun, 2022. According to the Auto Manufacturers Company, earnings per share came in at -$0.09, missing analysts’ expectations of -$0.05 by -0.04. This compares to -$0.06 EPS in the same period last year. The net profit margin was -1.00% and return on equity was -0.90% for LI. For the current quarter, analysts expect LI to generate $1.4B in revenue.
Li Auto Inc.(LI) Company Profile
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, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities. It also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment. The company was formerly known as Leading Ideal Inc. and changed its name to Li Auto Inc. in July 2020. Li Auto Inc. was founded in 2015 and is headquartered in Beijing, China.