Li Auto Inc. (NASDAQ:LI – Get Free Report) shares traded down 1.7% during mid-day trading on Wednesday . The company traded as low as $18.70 and last traded at $18.75. 1,480,063 shares traded hands during trading, a decline of 82% from the average session volume of 8,361,190 shares. The stock had previously closed at $19.08.
Wall Street Analyst Weigh In
Several research firms recently commented on LI. Barclays cut their price target on Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 21st. Citigroup reduced their target price on Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a research note on Friday, March 22nd. Morgan Stanley decreased their price target on shares of Li Auto from $65.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, May 21st. Macquarie started coverage on shares of Li Auto in a research note on Monday, April 15th. They issued an “outperform” rating and a $40.00 target price on the stock. Finally, Bank of America cut their price objective on Li Auto from $41.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.50.
Li Auto Stock Performance
The firm has a fifty day moving average price of $24.91 and a 200 day moving average price of $30.62. The firm has a market capitalization of $20.13 billion, a PE ratio of 12.65, a P/E/G ratio of 1.83 and a beta of 1.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.37.
Li Auto (NASDAQ:LI – Get Free Report) last posted its quarterly earnings results on Monday, May 20th. The company reported $0.08 earnings per share for the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. The firm had revenue of $3.55 billion for the quarter. Research analysts anticipate that Li Auto Inc. will post 1.34 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Li Auto
A number of hedge funds have recently added to or reduced their stakes in LI. Scarborough Advisors LLC bought a new stake in shares of Li Auto during the 4th quarter worth about $41,000. Rakuten Securities Inc. acquired a new position in Li Auto during the fourth quarter valued at approximately $57,000. Employees Retirement System of Texas acquired a new position in Li Auto during the third quarter valued at approximately $130,000. Barometer Capital Management Inc. bought a new position in shares of Li Auto in the fourth quarter valued at approximately $135,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Li Auto during the 3rd quarter worth $215,000. Institutional investors and hedge funds own 9.88% of the company’s stock.
Li Auto Company Profile
Li Auto Inc operates in the energy vehicle market in the People’s Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company’s product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.