Li Auto Inc ADR (NASDAQ:LI) Shares Dropped -10.29% In A Week. Can It Continue Rising?

In recent trading session, Li Auto Inc ADR (NASDAQ:LI) saw 1.67 million shares changing hands at last check today with its beta currently measuring 0.97. Company’s recent per share price level of $24.10 trading at -$0.96 or -3.81% at last check today assigns it a market valuation of $19.64B. That most recent trading price of LI’s stock is at a discount of -92.7% from its 52-week high price of $46.44 and is indicating a premium of 27.63% from its 52-week low price of $17.44. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.53 million shares which gives us an average trading volume of 7.90 million if we extend that period to 3-months.

For Li Auto Inc ADR (LI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.53. Splitting up the data highlights that, out of 17 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.32 in the current quarter.

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Li Auto Inc ADR (NASDAQ:LI) trade information

Upright in the red during last session for losing -3.81%, in the last five days LI remained trading in the red while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $24.10 price level, adding 13.06% to its value on the day. Li Auto Inc ADR’s shares saw a change of -35.60% in year-to-date performance and have moved -10.29% in past 5-day. Li Auto Inc ADR (NASDAQ:LI) showed a performance of 16.11% in past 30-days. Number of shares sold short was 28.48 million shares which calculate 3.66 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 33 to the stock, which implies a rise of 26.97% to its recent value today. Analysts have been projecting 18 as a low price target for the stock while placing it at a high target of 53. It follows that stock’s current price would jump 25.31% in reaching the projected high whereas dropping to the targeted low would mean a gain of 25.31% for stock’s current value.

Li Auto Inc ADR (LI) estimates and forecasts

Statistics highlight that Li Auto Inc ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -17.39% of value to its shares in past 6 months, showing an annual growth rate of -13.66% while that of industry is -5.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 16.50% from the last financial year’s standing.

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5.84B for the same. And 7 analysts are in estimates of company making revenue of 6.72B in the next quarter. Company posted 4.72B and 5.88B of sales in current and next quarters respectively a year earlier.

In 2024, company’s earnings growth rate is likely to be around -33.39% while estimates for its earnings growth in next 5 years are of 10.56%.

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

XIAMEN XINWEIDACHUANG INVESTMENT PARTNERSHIP (LIMITED PARTNERSHIP) is the top institutional holder at LI for having 9.15 million shares of worth $163.66 million. And as of 2024-06-30, it was holding 0.9215 of the company’s outstanding shares.

The second largest institutional holder is RENAISSANCE TECHNOLOGIES LLC, which was holding about 7.25 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.7302 of outstanding shares, having a total worth of $129.69 million.