Li Auto (LI) to Release Quarterly Earnings on Monday

Li Auto (NASDAQ:LI - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of $2.84 per share and revenue of $5.90 billion for the quarter.

Li Auto Stock Performance

NASDAQ LI traded up $1.09 during mid-day trading on Friday, reaching $27.46. 12,839,706 shares of the stock were exchanged, compared to its average volume of 4,695,115. Li Auto has a 1 year low of $17.44 and a 1 year high of $46.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The business's 50 day moving average is $24.00 and its 200-day moving average is $23.46. The company has a market capitalization of $29.14 billion, a P/E ratio of 20.34, a P/E/G ratio of 3.27 and a beta of 0.92.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LI. Barclays upped their target price on Li Auto from $22.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Macquarie upgraded shares of Li Auto from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Li Auto presently has an average rating of "Moderate Buy" and an average price target of $32.77.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.