Li Auto (NASDAQ:LI) Sets New 52-Week Low – What’s Next?

Li Auto Inc. Sponsored ADR (NASDAQ:LI) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $16.10 and last traded at $16.2050, with a volume of 2928280 shares. The stock had previously closed at $16.64.

Wall Street Analyst Weigh In

LI has been the topic of several research reports. China Renaissance reiterated a “hold” rating and set a $18.50 price objective on shares of Li Auto in a report on Monday, December 1st. Citigroup dropped their price target on Li Auto from $25.60 to $20.20 and set a “neutral” rating on the stock in a research note on Friday, November 28th. CLSA upgraded Li Auto to a “strong-buy” rating in a report on Monday, September 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $27.00 price objective on shares of Li Auto in a research note on Monday, December 1st. Finally, Piper Sandler upped their target price on Li Auto from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.75.

Li Auto Trading Down 2.6%

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 capitalization of $17.84 billion, a PE ratio of 27.95 and a beta of 0.56. The stock’s fifty day simple moving average is $17.80 and its 200 day simple moving average is $22.47.

Institutional Trading of Li Auto

Several hedge funds have recently bought and sold shares of LI. Elevation Point Wealth Partners LLC purchased a new stake in Li Auto in the second quarter worth about $27,000. MAI Capital Management grew its stake in shares of Li Auto by 2,236.0% during the 2nd 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. Mizuho Securities Co. Ltd. purchased a new stake in Li Auto in the 2nd quarter worth approximately $107,000. Hantz Financial Services Inc. raised its stake in Li Auto by 1,196.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 4,150 shares of the company’s stock worth $113,000 after acquiring an additional 3,830 shares during the period. Finally, Tuttle Capital Management LLC bought a new stake in Li Auto during the 4th quarter worth approximately $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.