There Is Clear Momentum For Li Auto Inc ADR (NASDAQ: LI)

Li Auto Inc ADR (LI) concluded trading on Wednesday at a closing price of $33.12, with 10.34 million shares of worth about $342.45 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.78% during that period and on Wednesday the price saw a gain of about 4.09%. Currently the company’s common shares owned by public are about 824.31M shares, out of which, 815.76M shares are available for trading.

However, the stock later moved at a day high price of 33.32, or with a gain of 4.09%. Stock saw a price change of 10.84% in past 5 days and over the past one month there was a price change of 20.66%. Year-to-date (YTD), LI shares are showing a performance of -11.51% which increased to 37.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.80 but also hit the highest price of $47.33 during that period. The average intraday trading volume for Li Auto Inc ADR shares is 6.37 million. The stock is currently trading 12.79% above its 20-day simple moving average (SMA20), while that difference is up 3.88% for SMA50 and it goes to -5.59% lower than SMA200.

Li Auto Inc ADR (NASDAQ: LI) currently have 824.31M outstanding shares and institutions hold larger chunk of about 11.20% of that.

The stock has a current market capitalization of $27.30B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 39.37, while it has posted earnings per share of $0.84 in the same period. It has Quick Ratio of 1.59 while making debt-to-equity ratio of 0.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LI, volatility over the week remained 2.79% while standing at 3.27% over the month.

Analysts are in expectations that Li Auto Inc ADR (LI) stock would likely to be making an EPS of $0.29 in the current quarter, while forecast for next quarter EPS is $0.29 and it is $1.49 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.13 which is $0.36 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 80827.21% while it is estimated to increase by 46.48% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on February 06, 2024 offering a Buy rating for the stock and assigned a target price range of between $45 and $41 to it. Stock get a Buy rating from HSBC Securities on April 04, 2022.

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