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

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has been given a consensus recommendation of “Reduce” by the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $18.55.

LI has been the subject of several research analyst reports. Sanford C. Bernstein set a $19.00 price objective on Li Auto and gave the company a “market perform” rating in a research report on Friday, March 13th. Piper Sandler upgraded Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th. Macquarie Infrastructure set a $15.00 price target on Li Auto in a report on Thursday, January 15th. HSBC lowered shares of Li Auto from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Li Auto in a research note on Friday, March 27th.

Li Auto Price Performance

NASDAQ:LI opened at $18.47 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a market cap of $19.54 billion, a PE ratio of 142.09 and a beta of 0.60. Li Auto has a 12 month low of $15.71 and a 12 month high of $32.03. The company’s 50-day moving average price is $17.76 and its two-hundred day moving average price is $19.20.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Sunday, March 22nd. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $545.61 million for the quarter. Li Auto had a return on equity of 1.52% and a net margin of 0.99%. On average, equities analysts anticipate that Li Auto will post 0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC bought a new position in Li Auto in the 2nd quarter valued at $27,000. Farther Finance Advisors LLC raised its position in shares of Li Auto by 312.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after acquiring an additional 1,268 shares during the last quarter. MAI Capital Management lifted its stake in shares of Li Auto by 2,236.0% during the second quarter. MAI Capital Management now owns 1,168 shares of the company’s stock valued at $32,000 after acquiring an additional 1,118 shares during the period. DV Equities LLC acquired a new position in shares of Li Auto during the fourth quarter valued at $72,000. Finally, Tuttle Capital Management LLC bought a new position in Li Auto in the fourth quarter valued at about $170,000. Institutional investors own 9.88% of the company’s stock.

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.