Li Auto Inc. Sponsored ADR (NASDAQ:LI) Given Consensus Recommendation of “Reduce” by Analysts

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has earned a consensus recommendation of “Reduce” from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $17.55.

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. BNP Paribas Exane raised shares of Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. Sanford C. Bernstein set a $19.00 price target on shares of Li Auto and gave the company a “market perform” rating in a report on Friday, March 13th. Bank of America reaffirmed a “neutral” rating and set a $18.00 price objective on shares of Li Auto in a research report on Thursday, May 28th. Finally, Barclays dropped 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 note on Friday, May 29th.

Li Auto Trading Down 2.9%

Shares of NASDAQ LI opened at $14.11 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 1.88 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $17.37 and its two-hundred day moving average price is $17.41. Li Auto has a 52-week low of $13.96 and a 52-week high of $32.03. The stock has a market capitalization of $15.07 billion, a P/E ratio of -50.39 and a beta of 0.57.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $3.33 billion during the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. On average, analysts anticipate that Li Auto will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Li Auto

A number of institutional investors and hedge funds have recently made changes to their positions in LI. ABC Arbitrage SA acquired a new position in Li Auto during the 3rd quarter valued at approximately $865,000. SG Americas Securities LLC increased its position in Li Auto by 324.2% in the fourth quarter. SG Americas Securities LLC now owns 342,025 shares of the company’s stock worth $5,790,000 after buying an additional 261,389 shares during the period. Victory Financial Group LLC bought a new stake in Li Auto in the fourth quarter valued at $638,000. Maxi Investments CY Ltd bought a new stake in Li Auto in the third quarter valued at $16,040,000. Finally, Ping Capital Management Inc. acquired a new position in shares of Li Auto during the fourth quarter valued at $762,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Company Profile

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.