Li Auto (NASDAQ:LI) Stock Bumped Down to “Strong Sell” by Zacks Research

by · The Markets Daily

Zacks Research lowered shares of Li Auto (NASDAQ:LI – Free Report) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks reports.

A number of other equities research analysts also recently weighed in on the company. Wall Street Zen downgraded Li Auto from a “sell” rating to a “strong sell” rating in a report on Sunday, September 6th. Sanford C. Bernstein restated a “market perform” rating and set a $14.50 price target on shares of Li Auto in a report on Wednesday, August 26th. Piper Sandler reduced their price objective on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, August 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Li Auto in a research note on Wednesday, August 26th. Ten investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $16.28.

Check Out Our Latest Stock Report on LI

Li Auto Price Performance

Shares of NASDAQ:LI opened at $11.20 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.81 and a quick ratio of 1.65. Li Auto has a one year low of $10.66 and a one year high of $20.57. The company has a market cap of $11.60 billion, a price-to-earnings ratio of -16.72 and a beta of 0.40. The firm has a 50 day simple moving average of $11.60 and a 200 day simple moving average of $14.76.

Li Auto (NASDAQ:LI – Get Free Report) last posted its earnings results on Friday, July 31st. The company reported ($0.22) earnings per share for the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%. The business had revenue of $3.78 billion for the quarter. Research analysts predict that Li Auto will post -0.72 earnings per share for the current fiscal year.

Institutional Trading of Li Auto

Several large investors have recently made changes to their positions in LI. EverSource Wealth Advisors LLC increased its position in shares of Li Auto by 157.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock worth $51,000 after acquiring an additional 1,762 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new position in shares of Li Auto during the third quarter valued at approximately $45,000. Parallel Advisors LLC grew its holdings in Li Auto by 39.3% during the third quarter. Parallel Advisors LLC now owns 5,945 shares of the company’s stock worth $68,000 after buying an additional 1,677 shares in the last quarter. Corient Private Wealth LP bought a new stake in Li Auto during the second quarter worth $146,000. Finally, ABC Arbitrage SA bought a new stake in Li Auto during the first quarter worth $224,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Company Profile

(Get Free Report)

Li Auto Inc is a Chinese automaker that designs, develops, manufactures and sells new energy vehicles. The company focuses on smart electric vehicles, including extended-range electric vehicles that combine a battery-powered drivetrain with an onboard engine generator, as well as battery-electric vehicles.

Its product lineup has included the Li ONE and the L-series range-extended electric SUVs, such as the Li L6, Li L7, Li L8 and Li L9. The company has also developed the Li MEGA, a battery-electric multi-purpose vehicle.

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