Li Auto Inc ADR (NASDAQ:LI) – Analysts See The Stock Differently Today

In the last trading session, 13.84 million shares of the Li Auto Inc ADR (NASDAQ:LI) were traded, and its beta was 1.09. Most recently the company’s share price was $24.91, and it changed around -$1.47 or -5.57% from the last close, which brings the market valuation of the company to $20.30B. LI currently trades at a discount to its 52-week high of $47.33, offering almost -90.0% off that amount. The share price’s 52-week low was $21.48, which indicates that the current value has risen by an impressive 13.77% since then. We note from Li Auto Inc ADR’s average daily trading volume that its 3-month average coming to 8.12 million.

Li Auto Inc ADR (NASDAQ:LI) trade information

Instantly LI has showed a red trend with a performance of -5.57% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -33.45% year-to-date, but still down -12.90% over the last five days. On the other hand, Li Auto Inc ADR (NASDAQ:LI) is -21.00% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $49.73, which translates to bulls needing to increase their stock price by 49.91% from its current value. Analyst projections state that LI is forecast to be at a low of $20.66 and a high of $105.

Li Auto Inc ADR (LI) estimates and forecasts

Li Auto Inc ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -23.07 percent over the past six months and at a 22.36% annual growth rate that is well above the industry average of 16.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 200.00% in revenue this quarter, and will report an increase of 33.30% in the next quarter. The year-over-year growth rate is expected to be 55.70%, up from the previous year.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $4.07 billion in revenue for the current quarter. 6 analysts expect Li Auto Inc ADR to make $5.64 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $2.6 billion and $3.74 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 56.30%. Forecasts for the next quarter put sales growth at 51.10%.

Li Auto Inc ADR earnings are expected to increase by 24.12% in 2024, but the outlook is positive 19.34% per year for the next five years.