I'm LongbridgeAI, I can summarize articles.Li Auto (NASDAQ:LI) shares hit a new 52-week low of $11.62, with a market cap of $12.48 billion. Analysts have lowered price targets, with Piper Sandler cutting its target to $13.00 and Barclays to $14.00, maintaining neutral or sell ratings. The consensus rating is 'Reduce' with a target of $16.28. Recent earnings showed a loss of $0.22 per share. Institutional investors like Tidal Investments increased holdings in Q2.
Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.62 and last traded at $11.65, with a volume of 3101205 shares changing hands. The stock had previously closed at $11.91.
Analyst Ratings Changes
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A number of equities research analysts have commented on LI shares. Piper Sandler decreased their price objective on shares of Li Auto from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, August 27th. Bank of America reiterated a "neutral" rating and set a $18.00 target price on shares of Li Auto in a research report on Thursday, May 28th. Barclays decreased their price target on shares of Li Auto from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Friday, May 29th. Weiss Ratings reissued a "sell (d)" rating on shares of Li Auto in a report on Wednesday, August 26th. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $14.50 price objective on shares of Li Auto in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $16.28.
Read Our Latest Research Report on Li Auto
Li Auto Stock Performance
- MarketBeat Week in Review – 08/31 - 09/04
The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of -17.39 and a beta of 0.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.81 and a quick ratio of 1.65. The stock has a 50-day moving average of $12.47 and a 200 day moving average of $15.20.
Li Auto (NASDAQ:LI - Get Free Report) last released its earnings results on Friday, July 31st. The company reported ($0.22) earnings per share (EPS) for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. The business had revenue of $3.78 billion for the quarter. On average, analysts expect that Li Auto Inc. Sponsored ADR will post -0.15 EPS for the current year.
Institutional Inflows and Outflows
- Analysts See Major Upside for This Top-10 Performing S&P 500 Stock
Several institutional investors have recently bought and sold shares of LI. Tidal Investments LLC lifted its holdings in shares of Li Auto by 10.7% in the 2nd quarter. Tidal Investments LLC now owns 47,986 shares of the company's stock worth $563,000 after purchasing an additional 4,650 shares in the last quarter. WINTON GROUP Ltd bought a new position in Li Auto in the 2nd quarter worth approximately $470,000. Engineers Gate Manager LP bought a new position in Li Auto in the 2nd quarter worth approximately $500,000. Nykredit A S purchased a new position in Li Auto in the 2nd quarter valued at approximately $816,000. Finally, Corient Private Wealth LP purchased a new position in Li Auto in the 2nd quarter valued at approximately $146,000. Institutional investors and hedge funds own 9.88% of the company's stock.
About Li Auto
(Get Free Report)Li Auto Inc NASDAQ: LI is a Chinese new energy vehicle manufacturer that develops, manufactures and sells smart electric vehicles. The company has focused primarily on family-oriented vehicles, combining battery-electric powertrains with extended-range electric vehicle technology designed to provide additional driving range through an onboard engine-generator.
Li Auto's product portfolio has included the Li ONE and the Li L-series of premium sport utility vehicles, including the L6, L7, L8 and L9.
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