Li Auto (NASDAQ:LI) Hits New 52-Week Low – Should You Sell?

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s share price hit a new 52-week low on Tuesday. The company traded as low as $11.43 and last traded at $11.2670, with a volume of 75345 shares changing hands. The stock had previously closed at $11.71.

Analysts Set New Price Targets

LI has been the subject of several recent research reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $14.50 target price on shares of Li Auto in a research report on Wednesday, August 26th. HSBC dropped their price objective on Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a research note on Wednesday, June 10th. Weiss Ratings restated a “sell (d)” rating on shares of Li Auto in a report on Wednesday, August 26th. Wall Street Zen lowered shares of Li Auto from a “sell” rating to a “strong sell” rating in a research note on Sunday, September 6th. Finally, Zacks Research lowered Li Auto from a “hold” rating to a “strong sell” rating in a research report on Friday, August 28th. Ten equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Li Auto presently has an average rating of “Reduce” and a consensus price target of $16.28.

Li Auto Trading Down 4.3%

The company has a market cap of $11.06 billion, a P/E ratio of -16.74 and a beta of 0.55. The business’s 50-day moving average price is $12.35 and its 200 day moving average price is $14.66. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.65 and a current ratio of 1.81.

Li Auto (NASDAQ:LI) last released its quarterly earnings data on Friday, July 31st. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $3.78 billion during the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. As a group, analysts expect that Li Auto Inc. Sponsored ADR will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Li Auto

Hedge funds and other institutional investors have recently made changes to their positions in the business. Xiamen Xinweidachuang Investment Partnership Limited Partnership purchased a new stake in shares of Li Auto during the second quarter valued at approximately $57,833,177. Hsbc Holdings PLC grew its stake in Li Auto by 648.8% in the 4th quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock valued at $12,259,000 after buying an additional 630,516 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Li Auto by 160.6% during the 1st quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock valued at $3,435,000 after buying an additional 118,733 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Li Auto in the 2nd quarter worth approximately $1,133,000. Finally, Barometer Capital Management Inc. purchased a new position in shares of Li Auto during the first quarter worth about $1,548,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

About Li Auto

Li Auto Inc (NASDAQ: LI) is a Chinese new energy vehicle manufacturer that develops, manufactures and sells smart electric vehicles. The company has focused primarily on family-oriented vehicles, combining battery-electric powertrains with extended-range electric vehicle technology designed to provide additional driving range through an onboard engine-generator.

Li Auto’s product portfolio has included the Li ONE and the Li L-series of premium sport utility vehicles, including the L6, L7, L8 and L9.