The stock of Li Auto Inc. (NASDAQ:LI) decreased by -$0.52 on Monday to finish at $39.95, down -1.28 percent. The last five days have seen an average of 11,752,820 shares of common stock traded. 30 times new highs were reached in the current year, with a gain of $19.55. The average number of shares traded over the last 20 days was 8,531,620, while the average volume over the last 50 days totaled 7,740,492.
LI stock appreciated 7.97% since last month. On 07/17/23, the company’s shares reached a one-month low of $36.56. The stock touched a high of $47.33 on 08/07/23, after rallying from a low of $12.52 in 52 weeks. The price of LI stock has risen by 95.83% or $19.55 this year, reaching a new high 30 times. Still, the stock price is down -15.59% from the 52-week high.
Valuation Metrics
Beta for the stock is 0.85. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.99, the price-to-book (PB) ratio of 5.78.
Financial Health
For the three months ended June 29, Li Auto Inc.’s quick ratio was 1.60, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.03, and the total debt to equity ratio is 0.16. As far as profitability goes, gross margin for the trailing twelve months is 19.20% percent. Based on annual data, it had gross profit of $1.27 billion and revenue of $6.57 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -6.00% return on investment (ROI) in the past year.
Earnings Surprise
According to Li Auto Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.57 billion, while revenues rose by 35.45% to $0.0. It was predicted that Li Auto Inc.’s quarterly earnings would be $0.3, but it ended up being $0.12. EBITDA was $278.5 million for the quarter. At the end of Li Auto Inc.’s most recent quarter ended June 29, its liabilities totaled 7.43 billion, while its total debt was $10.73 billion.
Technical Picture
Here’s a quick look at Li Auto Inc.’s (LI) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 42.15%, suggesting the stock is Neutral, with a 61.88% historical volatility rate.
The stochastic %K and %D were 34.69% and 45.02% respectively, while the average true range (ATR) was 2.14. Based on the 14-day stochastic reading of 15.56%, the RSI (14) reading is 48.94%. On the 9-day MACD Oscillator, the stock is at -2.37, and the 14-day reading is at -1.72.
Analyst Ratings
In its analyst report released on November 28, 2022, Jefferies began covering Li Auto Inc. (NASDAQ: LI). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Li Auto Inc. (LI) an Buy rating. LI is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 5 rates it overweight and 32 others recommend it as a buy.
What is LI’s price target for the next 12 months?
The current consensus forecast for the stock is between $252.43 and $527.22, with a median target price of $386.40. In analyzing these forecasts, the average price target given by analysts for Li Auto Inc. (LI) is $389.05.
