Stocks of Li Auto Inc ADR (NASDAQ:LI) traded higher last session on Wall Street, up 10.30% to $32.92.
LI stock price is now 35.55% away from the 50-day moving average and 45.53% away from the 200-day moving average. The market capitalization of the company currently stands at $26.82B.
On October 04, 2024, Macquarie Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock increasing its target price from $25 to quote $33, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Li Tie, Officer bought 400,000 shares of the company’s stock on Dec 18 ’24. The stock was bought for $17,856,000 at an average price of $44.64. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 12 ’24, Officer Ma Donghui bought 101,186 shares of the business’s stock. A total of $1,230,928 was incurred on buying the stock at an average price of $12.16. A total of 1.67% of the company’s stock is owned by insiders.
During the past 12 months, Li Auto Inc ADR has had a low of $17.44 and a high of $46.44. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 1.76, and a quick ratio of 1.64.
The net profit margin was 7.16% and return on equity was 16.75% for LI. The company reported revenue of $6.11 billion for the quarter, compared to $3.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 54.62 percent.
