Investment analysts at Bank of America have increased their price target for Li Auto from $44.00 to $52.00, indicating a potential upside of 21.98% from the stock’s current price. Several other equities analysts have also issued reports on LI.
Li Auto opened at $42.63 on Monday, with a 50-day moving average of $36.07 and a 200-day moving average of $28.69. The company has a 1-year low of $12.52 and a 1-year high of $47.33. It has a market cap of $44.43 billion, a P/E ratio of -250.40, and a beta of 0.83. Li Auto has a current ratio of 2.16, a quick ratio of 1.98, and a debt-to-equity ratio of 0.18.
On Wednesday, May 10th, Li Auto reported $0.13 earnings per share (EPS) for the quarter. The company had a negative return on equity of 2.32% and a negative net margin of 1.90%. It generated $2.74 billion in revenue for the quarter. Equities research analysts anticipate that Li Auto will post earnings per share of 0.62 for the current year.
Institutional investors have shown interest in Li Auto, with several buying and selling shares recently. These include abrdn plc, CWM LLC, Thornburg Investment Management Inc., Signaturefd LLC, and LPL Financial LLC. Collectively, institutional investors hold 9.32% of the company’s stock.
Li Auto Inc. is a leading manufacturer and seller of new energy vehicles in China. The company offers the Li ONE and Li L series smart electric vehicles, as well as various services such as sales and after-sales management, technology development, and corporate management.
Source: claytoncountyregister.com
