In the last trading session, 5.58 million Li Auto Inc. (NASDAQ:LI) shares changed hands as the company’s beta touched 0.85. With the company’s per share price at $39.68 changed hands at -$0.97 or -2.39% during last session, the market valuation stood at $42.04B. LI’s last price was a discount, traded about -19.28% off its 52-week high of $47.33. The share price had its 52-week low at $12.52, which suggests the last value was 68.45% up since then. When we look at Li Auto Inc.’s average trading volume, we note the 10-day average is 4.26 million shares, with the 3-month average coming to 6.61 million.
Analysts gave the Li Auto Inc. (LI) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.70. If we narrow down to specifics, the data shows that 0 out of 41 analysts rate the stock as a Sell, with a further 6 assigning it an Overweight rating. Of the remaining, 3 recommended LI as a Hold, 31 felt it is a Buy and 1 rated the stock as Underweight. Li Auto Inc.’s EPS for the current quarter is expected to be $0.3.
Li Auto Inc. (NASDAQ:LI) trade information
Instantly LI was in red as seen at the end of in last trading. With action 0.30%, the performance over the past five days has been green. The drop to weekly highs of 41.44 on Monday, 09/18/23 subtracted -2.39% to the stock’s daily price. The company’s shares are showing year-to-date upside of 94.51%, with the 5-day performance at 0.30% in the green. However, in the 30-day time frame, Li Auto Inc. (NASDAQ:LI) is -2.79% down. Looking at the short shares, we see there were 31.71 million shares sold at short interest cover period of 4.12 days.
The consensus price target for the stock as assigned by Wall Street analysts is $397.72, meaning bulls need an upside of 90.02% from its current market value. According to analyst projections, LI’s forecast low is $255.02 with $527.22 as the target high. To hit the forecast high, the stock’s price needs a -1228.68% plunge from its current level, while the stock would need to soar -542.69% for it to hit the projected low.
Li Auto Inc. (LI) estimates and forecasts
Data shows that the Li Auto Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 75.65% over the past 6 months, a 9,200.00% in annual growth rate that is considerably higher than the industry average of 3.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Li Auto Inc. will rise 220.00%, while the growth in revenue is estimated to hit 625.00% for the next quarter. Year-over-year growth is forecast to reach 144.20% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $4.62 billion. 3 analysts are of the opinion that Li Auto Inc.’s revenue for the quarter ending Dec 2023 will be $4.89 billion. The company’s revenue for the corresponding quarters a year ago was $1.37 billion and $2.55 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 237.30%. The estimates for the next quarter sales put growth at 91.40%.
The 2023 estimates are for Li Auto Inc. earnings to decrease by -497.60%.
Li Auto Inc. is expected to release its next quarterly earnings report between December 07 and December 11.
Li Auto Inc. (NASDAQ:LI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.04% of Li Auto Inc. shares while 13.45% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 13.45%. There are 13.45% institutions holding the Li Auto Inc. stock share, with Xiamen Xinweidachuang Investment Partnership (limited Partnership) the top institutional holder. As of Jun 29, 2023, the company held 1.42% of the shares, roughly 12.55 million LI shares worth $440.56 million.
FMR, LLC holds the second largest percentage of outstanding shares, with 1.15% or 10.14 million shares worth $355.82 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Fidelity Series Emerging Markets Opportunities Fund and Price (T.Rowe) Emerging Markets Stock Fund. With 4.53 million shares estimated at $159.15 million under it, the former controlled 0.51% of total outstanding shares. On the other hand, Price (T.Rowe) Emerging Markets Stock Fund held about 0.16% of the shares, roughly 1.43 million shares worth around $33.72 million.