Li Auto (NASDAQ:LI) Shares Up 5.8%

Li Auto Inc. (NASDAQ:LI) shot up 5.8% on Monday . The stock traded as high as $26.69 and last traded at $26.49. 4,434,772 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 8,147,086 shares. The stock had previously closed at $25.04.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LI shares. Morgan Stanley decreased their price objective on Li Auto from $74.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, March 25th. Barclays cut Li Auto from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $39.00 to $25.00 in a research note on Thursday. Bank of America decreased their price objective on Li Auto from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Citigroup decreased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Li Auto from a “hold” rating to a “buy” rating and decreased their price objective for the company from $45.00 to $41.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Li Auto has a consensus rating of “Moderate Buy” and a consensus target price of $45.36.

Li Auto Stock Performance

The company has a market cap of $28.48 billion, a price-to-earnings ratio of 17.24 and a beta of 1.05. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a 50-day simple moving average of $32.95 and a 200 day simple moving average of $33.72.

Li Auto (NASDAQ:LI) last released its earnings results on Monday, February 26th. The company reported $0.49 earnings per share (EPS) for the quarter. The business had revenue of $5.88 billion for the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. On average, sell-side analysts predict that Li Auto Inc. will post 1.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Scarborough Advisors LLC purchased a new stake in Li Auto during the fourth quarter worth $41,000. Concourse Financial Group Securities Inc. boosted its position in Li Auto by 186.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock worth $51,000 after purchasing an additional 930 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in Li Auto during the fourth quarter worth $57,000. CWM LLC boosted its position in Li Auto by 59.5% during the third quarter. CWM LLC now owns 1,812 shares of the company’s stock worth $65,000 after purchasing an additional 676 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Li Auto during the third quarter worth $130,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

About Li Auto

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.