Now Is A Suitable Moment For A Long-Term Purchase Of Li Auto Inc ADR (NASDAQ: LI)

Currently, there are 814.93M common shares owned by the public and among those 806.48M shares have been available to trade.

The company’s stock has a 5-day price change of -8.51% and -9.64% over the past three months. LI shares are trading -23.59% year to date (YTD), with the 12-month market performance up to 18.08% higher. It has a 12-month low price of $21.48 and touched a high of $47.33 over the same period. LI has an average intraday trading volume of 8.24 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 -8.88%, -15.03%, and -20.42% respectively.

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Institutional ownership of Li Auto Inc ADR (NASDAQ: LI) shares accounts for 11.31% of the company’s 814.93M shares outstanding.

It has a market capitalization of $23.31B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 18.55, while the earnings-per-share (ttm) stands at $1.54. The company has a PEG of 0.96 and a Quick Ratio of 1.48 with the debt-to-equity ratio at 0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.75% over the week and 3.32% over the month.

Analysts forecast that Li Auto Inc ADR (LI) will achieve an EPS of $Live Cattle TAS Futures,Jun-202 for the current quarter, $0.03 for the next quarter and $Future for Type. The lowest estimate earnings-per-share for the quarter is $Alibaba Group Holding Limited while analysts give the company a high EPS estimate of $Eli Lilly and Company. Comparatively, EPS for the current quarter was $C3.ai, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 23.88%, and 44.49% over the next financial year.

Looking at the support for the LI, a number of firms have released research notes about the stock. Macquarie stated their Outperform rating for the stock in a research note on Apr-16-24, with the firm’s price target at $40. Deutsche Bank coverage for the Li Auto Inc ADR (LI) stock in a research note released on February 06, 2024 offered a Buy rating with a price target of $41. Goldman was of a view on January 03, 2024 that the stock is Buy, while Jefferies gave the stock Buy rating on November 28, 2022, issuing a price target of $20.66. CLSA on their part issued Buy rating on August 08, 2022.

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