Li Auto Inc. (NASDAQ:LI - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 5,836,405 shares changed hands during trading, an increase of 29% from the previous session's volume of 4,522,601 shares.The stock last traded at $28.02 and had previously closed at $26.37.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Macquarie upgraded shares of Li Auto from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 6th. Barclays upped their target price on shares of Li Auto from $22.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.77.
View Our Latest Research Report on LI
Li Auto Trading Down 4.5 %
The firm has a market capitalization of $27.84 billion, a P/E ratio of 19.50, a PEG ratio of 3.27 and a beta of 0.92. The business's 50 day moving average is $24.00 and its two-hundred day moving average is $23.46. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Li Auto by 27.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company's stock worth $11,106,000 after acquiring an additional 93,904 shares during the period. Atomi Financial Group Inc. bought a new position in shares of Li Auto during the 4th quarter valued at about $271,000. Barclays PLC grew its stake in shares of Li Auto by 41.8% in the 3rd quarter. Barclays PLC now owns 602,028 shares of the company's stock worth $15,442,000 after purchasing an additional 177,414 shares during the last quarter. Ping Capital Management Inc. raised its holdings in shares of Li Auto by 161.9% in the 4th quarter. Ping Capital Management Inc. now owns 27,500 shares of the company's stock worth $660,000 after purchasing an additional 17,000 shares in the last quarter. Finally, SK Wealth Management LLC acquired a new stake in Li Auto during the third quarter valued at approximately $1,160,000. Institutional investors and hedge funds own 9.88% of the company's stock.
Li Auto Company Profile
(
Get Free Report)
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.
Read More
Before you consider Li Auto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Li Auto wasn't on the list.
While Li Auto currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
