With over 18.17 million Li Auto Inc. (LI) shares trading Monday and a closing price of $16.30 on the day, the dollar volume was approximately $296.24 million. The shares have shown a negative weekly performance of -4.62% and its price on 08/31/20 lost nearly -7.39%. Currently, there are 920.93M common shares owned by the public and among those 61.78M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for LI have a consensus price objective of $18.81. The analysts have set the share’s price value over the next 12 months at a high of $22.00 and a low of $10.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Li Auto Inc. stock is 1.60 for the next 12 months. The average price target is 17.51% above its last price level and an upside to the estimated low will see the stock lose -63.0% over that period. But an upside of 25.91% will see the stock hit the forecast high price target while mean target price for the stock is $20.00.
The top 3 mutual fund holders in Li Auto Inc. are BlackRock Global Allocation V.I., BlackRock Series Fund – Global Al, and BlackRock Technology Opportunitie. BlackRock Global Allocation V.I. owns 0.43 million shares of the company’s stock, all valued at over $0.0. The company bought an additional 0.43 million shares recently to bring their total holdings to about 0.00% of the shares outstanding. BlackRock Technology Opportunitie bought 1.22 million shares to bring its total holdings to over 1.22 million shares at a value of $0.0. BlackRock Technology Opportunitie now owns shares totaling to 0.00% of the shares outstanding.
Shares of Li Auto Inc. (NASDAQ: LI) opened at $17.7588, up $0.16 from a prior closing price of $17.60. However, the script later closed the day at $16.30, down -7.39%. It has a 12-month low price of $14.31 and touched a high of $24.48 over the same period. Currently, 18.17 million shares have been traded, compared to an average intraday trading volume of 13.67 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.66%, -2.38%, and -2.38% respectively.
Institutional ownership of Li Auto Inc. (NASDAQ: LI) 920.93M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for 0.00% and — respectively.
It has a market capitalization of $15.01B. Price movements for the stock have been influenced by the stock’s volatility, which stands at 16.77% over the week and 10.28% over the month.
Analysts forecast that Li Auto Inc. (LI) will achieve an EPS of -$0.06 for the current quarter, -$0.05 for the next quarter and -$0.28 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.1 while analysts give the company a high EPS estimate of -$0.02. Earnings per share for the fiscal year are expected to decrease by -119.90%, and 20.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Li Auto Inc. (LI) as a “Strong Buy” at a consensus score of 1.60. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 1 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the LI, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on August 24, 2020, with the firm’s price target at $20.