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

Li Auto Inc. (NASDAQ:LIGet 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:LIGet 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.

Recommended Stories

Receive News & Ratings for Li Auto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li Auto and related companies with MarketBeat.com's FREE daily email newsletter.