In today’s recent session, 3.64 million shares of the Li Auto Inc ADR (NASDAQ:LI) have been traded, and its beta is 1.08. Most recently the company’s share price was $27.05, and it changed around $0.36 or 1.37% from the last close, which brings the market valuation of the company to $22.05B. LI at last check was trading at a discount to its 52-week high of $47.33, offering almost -74.97% off that amount. The share price’s 52-week low was $23.04, which indicates that the recent value has risen by an impressive 14.82% since then. We note from Li Auto Inc ADR’s average daily trading volume that its 3-month average coming to 8.72 million.
Li Auto Inc ADR (NASDAQ:LI) trade information
Instantly LI has been showing a green trend so far today with a performance of 1.37% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -27.72% year-to-date, but still down -7.35% over the last five days. On the other hand, Li Auto Inc ADR (NASDAQ:LI) is -7.95% down in the 30-day period.
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The consensus price target as assigned by Wall Street analysts is $49.73, which translates to bulls needing to increase their stock price by 45.61% 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 not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -28.14 percent over the past six months and at a 0.00% annual growth rate that is well below the industry average of 20.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 191.70% in revenue this quarter, and will report an increase of 26.70% in the next quarter. The year-over-year growth rate is expected to be 49.10%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $3.85 billion in revenue for the current quarter. 7 analysts expect Li Auto Inc ADR to make $5.38 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 48.00%. Forecasts for the next quarter put sales growth at 44.00%.
Li Auto Inc ADR earnings are expected to increase by 22.60% in 2024, but the outlook is positive 13.82% per year for the next five years.
