Stocks of Li Auto Inc ADR [LI] are gaining investors’ attention: here’s why

Stocks of Li Auto Inc ADR (NASDAQ:LI) traded higher last session on Wall Street, up 1.22% to $39.90.

According to the data, Li Auto Inc ADR (NASDAQ:LI) has 41 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 $583.63 and a low of $138.78, we find $388.75. Given the previous closing price of $39.42, this indicates a potential upside of 886.17 percent. LI stock price is now 8.82% away from the 50-day moving average and 26.60% away from the 200-day moving average. The market capitalization of the company currently stands at $32.64B.

A total of 4 analysts have issued a hold rating and 30 have given it a buy rating. Brokers who have rated the stock have averaged $391.69 as their price target over the next twelve months.

With the price target of $20.66, Jefferies recently initiated with Buy rating for Li Auto Inc ADR (NASDAQ: LI).

A total of 1.71% of the company’s stock is owned by insiders.

Tuesday’s opening bell rang with an opening price of $39.70 for Li Auto Inc ADR (NASDAQ: LI). During the past 12 months, Li Auto Inc ADR has had a low of $16.09 and a high of $47.33. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 1.77, and a quick ratio of 1.65. The fifty day moving average price for LI is $36.67 and a two-hundred day moving average price translates $31.52 for the stock.

The latest earnings results from Li Auto Inc ADR (NASDAQ: LI) was released for Jun, 2023. According to the Auto Manufacturers Company, earnings per share came in at $0.3, beating analysts’ expectations of $0.12 by 0.18. This compares to $0.00 EPS in the same period last year. The net profit margin was 2.43% and return on equity was 3.96% for LI. The company reported revenue of $3.95 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 161.96 percent. For the current quarter, analysts expect LI to generate $4.59B in revenue.

Li Auto Inc ADR(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 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. The company offers its products through online and offline channels. 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, the People’s Republic of China.

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