Li Auto (NASDAQ:LI) Shares Gap Down to $22.33

Li Auto Inc. (NASDAQ:LI – Get Rating)’s share price gapped down prior to trading on Monday . The stock had previously closed at $22.33, but opened at $21.16. Li Auto shares last traded at $21.47, with a volume of 57,077 shares changing hands.

A number of analysts have recently commented on the company. Barclays boosted their price objective on Li Auto from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, February 28th. Zacks Investment Research upgraded Li Auto from a “sell” rating to a “hold” rating in a research report on Wednesday, March 2nd. TheStreet cut Li Auto from a “c-” rating to a “d+” rating in a research report on Wednesday, April 20th. began coverage on Li Auto in a research report on Thursday, March 24th. They set a “buy” rating and a $37.20 price target for the company. Finally, HSBC began coverage on Li Auto in a research report on Friday, April 1st. They set a “buy” rating and a $35.00 price target for the company. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Li Auto presently has an average rating of “Buy” and an average price target of $43.01.

The stock has a 50 day simple moving average of $26.51 and a two-hundred day simple moving average of $28.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 4.19 and a current ratio of 4.33.

Li Auto (NASDAQ:LI – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.54. The company had revenue of $10.62 billion for the quarter, compared to analyst estimates of $9.92 billion. Li Auto had a negative return on equity of 0.89% and a negative net margin of 1.15%. The firm’s revenue for the quarter was up 156.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 earnings per share. Equities analysts forecast that Li Auto Inc. will post -0.62 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in LI. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Li Auto in the 3rd quarter valued at $487,000. Asset Management One Co. Ltd. lifted its stake in shares of Li Auto by 17.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 102,278 shares of the company’s stock valued at $2,688,000 after purchasing an additional 15,181 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Li Auto by 40.6% in the 3rd quarter. New York State Common Retirement Fund now owns 135,360 shares of the company’s stock valued at $3,559,000 after purchasing an additional 39,100 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Li Auto in the 3rd quarter valued at $267,000. Finally, AMF Pensionsforsakring AB lifted its stake in shares of Li Auto by 725.8% in the 3rd quarter. AMF Pensionsforsakring AB now owns 202,315 shares of the company’s stock valued at $5,319,000 after purchasing an additional 177,815 shares during the last quarter. 16.87% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Company Profile (NASDAQ:LI)

Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. It offers Li ONE, a six-seat electric SUV that equipped with a range of extension system and smart vehicle solutions. The company was formerly known as Leading Ideal Inc and changed its name to Li Auto Inc in July 2020.

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