As of Thursday close, Li Auto Inc.’s (NASDAQ:LI) stock was down -$0.32, moving down -0.76 percent to $41.65. The average number of shares traded per day over the past five days has been 6,438,640 shares. 3 times new highs have been achieved over the past 5 days, with a $2.82 gain in that time frame. In the last twenty days, the average volume was 7,457,990, while in the previous 50 days, it was 7,015,228.
Since last month, LI stock retreated -6.19%. Shares of the company fell to $38.25 on 08/23/23, the lowest level in the past month. A 52-week high of $47.33 was reached on 08/07/23 after having rallying from a 52-week low of $12.52. Since the beginning of this year, LI’s stock price has risen by 104.17% or $21.25, and marked a new high 30 times. However, the stock has declined by -12.00% since its 52-week high.
Valuation Metrics
Right now, Li Auto Inc. (LI) has a P/E ratio of about 184.29. The stock’s beta is 0.84. Besides these, the trailing price-to-sales (P/S) ratio of 4.37, the price-to-book (PB) ratio of 6.08.
Financial Health
In the three months ended June 29, Li Auto Inc.’s quick ratio stood at 1.60, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.03, and the total debt-to-equity ratio was 0.29. On the profitability front, the trailing twelve-month gross margin is 19.90% percent. In the year ended June 29, EBITDA margin amounted to -5.39%, whereas operating margins totaled -0.30%. Based on annual data, LI earned $1.27 billion in gross profit and brought in $6.57 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.00%. Return on equity (ROE) for the past 12 months was 4.00%.
In Li Auto Inc.’s quarter-end financial report for June 29, it reported total debt of $1.34 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LI’s revenue rose 35.45% during the quarter, while net income inched up to $6.57 billion. While analysts expected Li Auto Inc. to report $0.12 quarterly earnings, the actual figure was $0.3 per share. During the quarter, the company generated $278.5 million in EBITDA. The liabilities of Li Auto Inc. were 7.43 billion at the end of its most recent quarter ended June 29, and its total debt was $10.73 billion.
Technical Picture
This quick technical analysis looks at Li Auto Inc.’s (LI) price momentum. With a historical volatility rate of 43.39%, the RSI 9-day stood at 56.03% on 31 August.
With respect to its five-day moving average, the current Li Auto Inc. price is up by +7.26% percent or $2.82. At present, LI shares trade -10.51% below its 20-day simple moving average and +76.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.17% above its SMA50 and +119.56% above its SMA200.
Stochastic coefficient K was 71.49% and Stochastic coefficient D was 56.08%, while ATR was 1.77. Given the Stochastic reading of 66.41% for the 14-day period, the RSI (14) reading has been calculated as 55.23%. As of today, the MACD Oscillator reading stands at 1.92, while the 14-day reading stands at 1.98.
Analyst Ratings
Jefferies launched its rating on Li Auto Inc. (NASDAQ: LI) to a Buy in a note to investors on November 28, 2022. Li Auto Inc. (LI) has been rated Buy by analysts. According to 0 brokerage firms, LI is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 5 analysts rate Li Auto Inc. stock as buy, with 32 recommending it as overweight.
With a median target price of $397.91, the current consensus forecast for the stock is $252.43 – $527.22. Based on these forecasts, analysts predict Li Auto Inc. (LI) will achieve an average price target of $397.54.
