Do You Still Have A Reason To Buy Li Auto Inc ADR (NASDAQ: LI) After A -8.57% Drop In The Last Week?

During the recent session, Li Auto Inc ADR (NASDAQ:LI)’s traded shares were 1.72 million, with the beta value of the company hitting 0.97. At the last check today, the stock’s price was $26.77, reflecting an intraday loss of -0.35% or -$0.1. The 52-week high for the LI share is $46.44, that puts it down -73.48 from that peak though still a striking 34.85% gain since the share price plummeted to a 52-week low of $17.44. The company’s market capitalization is $21.82B, and the average intraday trading volume over the past 10 days was 13.88 million shares, and the average trade volume was 8.10 million shares over the past three months.

Li Auto Inc ADR (LI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.53. LI has a Sell rating from 0 analyst(s) out of 17 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 13 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.33.

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Li Auto Inc ADR (NASDAQ:LI) trade information

Li Auto Inc ADR (LI) registered a -0.35% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.35% in intraday trading to $26.77, hitting a weekly high. The stock’s 5-day price performance is -8.57%, and it has moved by 41.82% in 30 days. Based on these gigs, the overall price performance for the year is -24.41%. The short interest in Li Auto Inc ADR (NASDAQ:LI) is 28.48 million shares and it means that shorts have 3.66 day(s) to cover.

The consensus price target of analysts on Wall Street is $33, which implies an increase of 18.88% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $53 respectively. As a result, LI is trading at a discount of -97.98% off the target high and 32.76% off the low.

Li Auto Inc ADR (LI) estimates and forecasts

Statistics show that Li Auto Inc ADR has underperformed its competitors in share price, compared to the industry in which it operates. Li Auto Inc ADR (LI) shares have gone down -8.90% during the last six months, with a year-to-date growth rate less than the industry average at -13.66% against -4.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 73.70% this quarter and then drop -54.70% in the quarter after that. In the rating firms’ projections, revenue will increase 17.10% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 5.89B as predicted by 8 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 6.72B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 4.72B and 5.88B respectively. In this case, analysts expect current quarter sales to grow by 24.70% and then jump by 14.40% in the coming quarter.

While earnings are projected to return -33.37% in 2024, the next five years will return 10.56% per annum.

LI Dividends

Li Auto Inc ADR is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Li Auto Inc ADR (NASDAQ:LI)’s Major holders

The next largest institutional holding, with 7.25 million shares, is of RENAISSANCE TECHNOLOGIES LLC’s that is approximately 0.7302% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $129.69 million.