Li Auto (NASDAQ:LI) Sets New 52-Week Low – Should You Sell?

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $17.09 and last traded at $17.1650, with a volume of 1849268 shares. The stock had previously closed at $17.95.

Wall Street Analyst Weigh In

Several research firms have recently commented on LI. Citigroup reduced their price target on shares of Li Auto from $25.60 to $20.20 and set a “neutral” rating for the company in a report on Friday, November 28th. Barclays reduced their price objective on shares of Li Auto from $24.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, December 1st. Daiwa America raised Li Auto to a “strong-buy” rating in a research report on Wednesday, September 3rd. China Renaissance reiterated a “hold” rating and issued a $18.50 price target on shares of Li Auto in a report on Monday, December 1st. Finally, Wall Street Zen cut Li Auto from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Li Auto currently has a consensus rating of “Hold” and an average target price of $21.66.

Li Auto Price Performance

The company’s 50-day moving average price is $20.83 and its 200-day moving average price is $24.55. The company has a quick ratio of 1.67, a current ratio of 1.80 and a debt-to-equity ratio of 0.05. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of 29.58 and a beta of 0.50.

Hedge Funds Weigh In On Li Auto

Several institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in shares of Li Auto by 9.6% in the first quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the company’s stock valued at $155,000 after acquiring an additional 538 shares in the last quarter. US Bancorp DE increased its holdings in Li Auto by 9.0% during the 1st quarter. US Bancorp DE now owns 10,255 shares of the company’s stock worth $258,000 after purchasing an additional 844 shares during the period. Tidal Investments LLC raised its position in Li Auto by 1.0% in the 2nd quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock valued at $2,407,000 after purchasing an additional 856 shares in the last quarter. Aberdeen Group plc boosted its stake in shares of Li Auto by 3.1% in the 3rd quarter. Aberdeen Group plc now owns 28,842 shares of the company’s stock valued at $731,000 after buying an additional 872 shares during the period. Finally, Corient Private Wealth LLC grew its position in shares of Li Auto by 8.6% during the second quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after buying an additional 951 shares in the last quarter. 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.