Why Acquire Shares Of Li Auto Inc ADR (LI)?

Li Auto Inc ADR (NASDAQ:LI) has a beta value of 0.90 and has seen 2.65 million shares traded in the recent trading session. The company, currently valued at $19.04B, closed the recent trade at $23.36 per share which meant it gained $1.53 on the day or 7.03% during that session. The LI stock price is -98.8% off its 52-week high price of $46.44 and 25.34% above the 52-week low of $17.44. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.66 million shares traded. The 3-month trading volume is 8.40 million shares.

The consensus among analysts is that Li Auto Inc ADR (LI) is Buy stock at the moment, with a recommendation rating of 1.53. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 17 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 2.84.

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Li Auto Inc ADR (NASDAQ:LI) trade information

Sporting 7.03% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LI stock price touched $23.36 or saw a fall of -0.95%. Year-to-date, Li Auto Inc ADR shares have moved -37.58%, while the 5-day performance has seen it change 2.57%. Over the past 30 days, the shares of Li Auto Inc ADR (NASDAQ:LI) have changed -17.79%. Short interest in the company has seen 27.92 million shares shorted with days to cover at 3.83.

Wall Street analysts have a consensus price target for the stock at $33, which means that the shares’ value could jump 29.21% from the levels at last check today. The projected low price target is $15.0 while the price target rests at a high of $53.0. In that case, then, we find that the latest price level in today’s session is -126.88% off the targeted high while a plunge would see the stock lose 35.79% from the levels at last check today.

Li Auto Inc ADR (LI) estimates and forecasts

Figures show that Li Auto Inc ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 12.60% over the past 6 months, with this year growth rate of -27.95%, compared to -10.40% for the industry. Revenue growth from the last financial year stood is estimated to be 17.90%.

5 analysts offering their estimates for the company have set an average revenue estimate of 45.41B for the current quarter. 2 have an estimated revenue figure of 38.43B for the next ending quarter. Year-ago sales stood 41.73B and 25.63B respectively for this quarter and the next, and analysts expect sales will grow by 8.81% for the current quarter and 17.90% for the next.

Earnings growth for 2024 is a modest -31.06% while over the next 5 years, the company’s earnings are expected to increase by 10.04%.

LI Dividends

Li Auto Inc ADR is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

The top two institutional holders are XIAMEN XINWEIDACHUANG INVESTMENT PARTNERSHIP (LIMITED PARTNERSHIP) with over 9.15 million shares worth more than $163.66 million. As of 2024-06-30, XIAMEN XINWEIDACHUANG INVESTMENT PARTNERSHIP (LIMITED PARTNERSHIP) held 0.9215% of shares outstanding.

The other major institutional holder is RENAISSANCE TECHNOLOGIES LLC, with the holding of over 7.25 million shares as of 2024-06-30. The firm’s total holdings are worth over $129.69 million and represent 0.7302% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Series Emerging Markets Opportunities Fund and Avantis Emerging Markets Equity ETF. As of Sep 30, 2024, the former fund manager holds about 0.22% shares in the company for having 1.92 shares of worth $44.37 million while later fund manager owns 680.61 shares of worth $15.76 million as of Sep 30, 2024, which makes it owner of about 0.08% of company’s outstanding stock.