Li Auto (NASDAQ:LI) Reaches New 12-Month Low – Time to Sell?

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $11.76 and last traded at $11.89, with a volume of 4490257 shares trading hands. The stock had previously closed at $12.04.

Analyst Upgrades and Downgrades

LI has been the subject of a number of analyst reports. Bank of America restated a “neutral” rating and set a $18.00 price objective on shares of Li Auto in a research report on Thursday, May 28th. Barclays decreased their price objective on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. JPMorgan Chase & Co. boosted their price target on Li Auto from $14.00 to $15.50 and gave the stock an “underweight” rating in a report on Friday, March 13th. BNP Paribas Exane raised shares of Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler upgraded Li Auto from a “neutral” rating to an “outperform” rating in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Li Auto currently has an average rating of “Reduce” and a consensus target price of $17.30.

Li Auto Price Performance

The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $15.62 and its 200-day moving average is $16.86. The stock has a market cap of $13.10 billion, a PE ratio of -43.68 and a beta of 0.56.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. The business had revenue of $3.33 billion for the quarter. As a group, sell-side analysts predict that Li Auto Inc. Sponsored ADR will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Li Auto

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Li Auto by 157.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock worth $51,000 after buying an additional 1,762 shares during the period. Quantinno Capital Management LP raised its stake in Li Auto by 160.6% during the 1st quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock valued at $3,435,000 after acquiring an additional 118,733 shares in the last quarter. Barometer Capital Management Inc. bought a new stake in Li Auto during the 1st quarter valued at $1,548,000. PNC Financial Services Group Inc. boosted its position in Li Auto by 102.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,216 shares of the company’s stock worth $271,000 after acquiring an additional 7,689 shares during the period. Finally, Parallel Advisors LLC boosted its position in Li Auto by 530.5% during the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after acquiring an additional 7,501 shares during the period. 9.88% of the stock is currently owned by institutional investors.

About Li Auto

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.