In the latest trading session, 2.52 million Li Auto Inc ADR (NASDAQ:LI) shares changed hands as the company’s beta touched 1.07. With the company’s most recent per share price at $29.97 changed hands at -$0.67 or -2.19% at last look, the market valuation stands at $24.70B. LI’s current price is a discount, trading about -57.92% off its 52-week high of $47.33. The share price had its 52-week low at $21.48, which suggests the last value was 28.33% up since then. When we look at Li Auto Inc ADR’s average trading volume, we note the 10-day average is 8.52 million shares, with the 3-month average coming to 8.45 million.
Li Auto Inc ADR (NASDAQ:LI) trade information
Instantly LI was in red as seen in intraday trades today. With action -12.06%, the performance over the past five days has been red. The drop to weekly highs of 32.31 subtracted -2.19% to the stock’s daily price. The company’s shares are showing year-to-date downside of -19.93%, with the 5-day performance at -12.06% in the red. However, in the 30-day time frame, Li Auto Inc ADR (NASDAQ:LI) is -35.14% down. Looking at the short shares, we see there were 28.46 million shares sold at short interest cover period of 3.31 days.
Li Auto Inc ADR (LI) estimates and forecasts
Data shows that the Li Auto Inc ADR 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 -13.90% over the past 6 months, a 27.95% in annual growth rate that is considerably higher than the industry average of 17.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Li Auto Inc ADR will rise 191.70%, while the growth in revenue is estimated to hit 30.00% for the next quarter. Year-over-year growth is forecast to reach 59.10% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $4.09 billion. 5 analysts are of the opinion that Li Auto Inc ADR’s revenue for the quarter ending Jun 2024 will be $5.6 billion. The company’s revenue for the corresponding quarters a year ago was $2.6 billion and $3.74 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 57.20%. The estimates for the next quarter sales put growth at 50.00%. The 2024 estimates are for Li Auto Inc ADR earnings to increase by 30.95%, but the outlook for the next 5-year period is at 19.34% per year.
Li Auto Inc ADR (NASDAQ:LI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.02% of Li Auto Inc ADR shares while 11.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 11.71%. There are 11.71% institutions holding the Li Auto Inc ADR 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 Aug 30, 2023 were Fidelity Series Emerging Markets Opportunities Fund and Price (T.Rowe) Emerging Markets Stock Fund. With 4.01 million shares estimated at $167.04 million under it, the former controlled 0.45% of total outstanding shares. On the other hand, Price (T.Rowe) Emerging Markets Stock Fund held about 0.23% of the shares, roughly 2.07 million shares worth around $88.68 million.
