In the last trading session, 10.21 million shares of the Li Auto Inc ADR (NASDAQ:LI) were traded, and its beta was 0.93. Most recently the company’s share price was $28.04, and it changed around -$2.47 or -8.10% from the last close, which brings the market valuation of the company to $22.85B. LI currently trades at a discount to its 52-week high of $46.44, offering almost -65.62% off that amount. The share price’s 52-week low was $17.44, which indicates that the current value has risen by an impressive 37.8% since then. We note from Li Auto Inc ADR’s average daily trading volume that its 10-day average is 14.49 million shares, with the 3-month average coming to 7.99 million.
Li Auto Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.52. If we narrow it down even further, the data shows that 1 out of 29 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 2 recommended LI as a Hold, whereas 18 deemed it a Buy, and 0 rated it as Underweight. Li Auto Inc ADR is expected to report earnings per share of 0.33 for the current quarter.
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Li Auto Inc ADR (NASDAQ:LI) trade information
Instantly LI has showed a red trend with a performance of -8.10% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 31.04 on recent trading dayincreased the stock’s daily price by 9.66%. The company’s shares are currently down -25.09% year-to-date, but still down -1.96% over the last five days. On the other hand, Li Auto Inc ADR (NASDAQ:LI) is 48.60% up in the 30-day period. We can see from the shorts that 29.04 million shares have been sold at a short interest cover period of 3.88 day(s).
The consensus price target as assigned by Wall Street analysts is $33, which translates to bulls needing to increase their stock price by 15.03% from its current value. Analyst projections state that LI is forecast to be at a low of $18 and a high of $53.
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 -11.80 percent over the past six months and at a -13.66% annual growth rate that is well below the industry average of -4.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 73.70% in revenue this quarter, and will report a decrease of -54.70% in the next quarter. The year-over-year growth rate is expected to be 18.10%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 5.94B in revenue for the current quarter. 7 analysts expect Li Auto Inc ADR to make 6.78B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.72B and 5.88B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 25.80%. Forecasts for the next quarter put sales growth at 15.30%.
Li Auto Inc ADR earnings are expected to increase by -33.16% in 2024, but the outlook is positive 10.56% per year for the next five years.
LI Dividends
Li Auto Inc ADR’s next quarterly earnings report is expected to be released in November.
RENAISSANCE TECHNOLOGIES LLC, with 0.7302% or 7.25 million shares worth $129.69 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
