Li Auto Inc. (NASDAQ:LI - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $26.37, but opened at $25.26. Li Auto shares last traded at $25.07, with a volume of 736,347 shares.
Analyst Ratings Changes
A number of equities research analysts have commented on LI shares. Macquarie upgraded shares of Li Auto from a "neutral" rating to an "outperform" rating in a report on Thursday, February 6th. Barclays raised their price target on shares of Li Auto from $22.00 to $31.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.77.
Get Our Latest Analysis on LI
Li Auto Price Performance
The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The business's 50-day moving average is $23.59 and its two-hundred day moving average is $23.11. The company has a market capitalization of $27.38 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92.
Institutional Trading of Li Auto
Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Li Auto in the third quarter valued at approximately $39,000. Venturi Wealth Management LLC bought a new stake in shares of Li Auto in the third quarter valued at approximately $50,000. BNP Paribas raised its position in shares of Li Auto by 300.0% in the third quarter. BNP Paribas now owns 2,000 shares of the company's stock valued at $51,000 after purchasing an additional 1,500 shares during the period. Avior Wealth Management LLC raised its position in shares of Li Auto by 708.5% in the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company's stock valued at $61,000 after purchasing an additional 2,090 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Li Auto by 55.9% in the third quarter. Blue Trust Inc. now owns 3,043 shares of the company's stock valued at $78,000 after purchasing an additional 1,091 shares during the period. Institutional investors own 9.88% of the company's stock.
About Li Auto
(
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.
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