Saturday, April 10, 2021

Li Auto Inc. [LI] Stock trading around $25.53 per share: What’s Next?

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Li Auto Inc. [NASDAQ: LI] jumped around 0.59 points on Tuesday, while shares priced at $25.53 at the close of the session, up 2.37%. The company report on April 7, 2021 that Li Auto Inc. Announces Proposed Offering of US$750 Million Convertible Senior Notes.

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Li Auto Inc. (Nasdaq: LI) (“Li Auto” or the “Company”), an innovator in China’s new energy vehicle market, announced that it proposes to offer up to US$750 million in aggregate principal amount of convertible senior notes due 2028 (the “Notes”) (the “Notes Offering”), subject to market conditions and other factors. The initial conversion rate, interest rate, and other terms of the Notes have not been finalized and will be determined at the time of pricing of the Notes Offering. The Company intends to grant the initial purchasers in the Notes Offering a 13-day option to purchase up to an additional US$112.5 million aggregate principal amount of the Notes.


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When issued, the Notes will be senior unsecured obligations of the Company. The Notes will mature on May 1, 2028, unless repurchased, redeemed, or converted in accordance with their terms prior to such date. Prior to the close of business on the business day immediately preceding November 1, 2027, the Notes will be convertible at the option of the holders only upon satisfaction of certain conditions and during certain periods. Holders may convert any or all of their Notes at their option at any time on or after November 1, 2027, until the close of business on the second scheduled trading day immediately preceding the maturity date. Upon conversion, the Company will pay or deliver to such converting holders, as the case may be, cash, the Company’s American depositary shares (“ADSs”), each currently representing two Class A ordinary shares of the Company, or a combination of cash and ADSs, at the Company’s election.

Li Auto Inc. stock is now -11.45% down from its year-to-date (YTD) trading value. LI Stock saw the intraday high of $25.75 and lowest of $24.43 per share. The company’s 52-week high price is 47.70, which means current price is +29.66% above from all time high which was touched on 01/20/21.

Compared to the average trading volume of 18.73M shares, LI reached a trading volume of 5885181 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Li Auto Inc. [LI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LI shares is $36.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LI stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for Li Auto Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 11, 2021. While these analysts kept the previous recommendation, Daiwa Securities raised their target price from $33 to $34. The new note on the price target was released on February 26, 2021, representing the official price target for Li Auto Inc. stock. Previously, the target price had yet another raise to $35, while Deutsche Bank analysts kept a Hold rating on LI stock.

The Average True Range (ATR) for Li Auto Inc. is set at 1.90, with the Price to Sales ratio for LI stock in the period of the last 12 months amounting to 15.84. The Price to Book ratio for the last quarter was 6.23, with the Price to Cash per share for the same quarter was set at 4.88.

How has LI stock performed recently?

Li Auto Inc. [LI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.96. With this latest performance, LI shares gained by 13.67% in over the last four-week period, additionally plugging by 50.89% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LI stock in for the last two-week period is set at 50.75, with the RSI for the last a single of trading hit 55.33, and the three-weeks RSI is set at 48.39 for Li Auto Inc. [LI]. The present Moving Average for the last 50 days of trading for this stock 27.23, while it was recorded at 24.76 for the last single week of trading.

Li Auto Inc. [LI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Li Auto Inc. [LI] shares currently have an operating margin of -6.76 and a Gross Margin at +15.51. Li Auto Inc.’s Net Margin is presently recorded at -1.76.

Return on Total Capital for LI is now -3.19, given the latest momentum, and Return on Invested Capital for the company is -0.87. Return on Equity for this stock declined to -0.92, with Return on Assets sitting at -0.69. When it comes to the capital structure of this company, Li Auto Inc. [LI] has a Total Debt to Total Equity ratio set at 7.66. Additionally, LI Total Debt to Total Capital is recorded at 7.12, with Total Debt to Total Assets ending up at 6.28. Long-Term Debt to Equity for the company is recorded at 6.39, with the Long-Term Debt to Total Capital now at 5.93.

Reflecting on the efficiency of the workforce at the company, Li Auto Inc. [LI] managed to generate an average of -$5,753 per employee. Receivables Turnover for the company is 22.41 with a Total Asset Turnover recorded at a value of 0.40.Li Auto Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.00 and a Current Ratio set at 7.30.

Insider trade positions for Li Auto Inc. [LI]

There are presently around $1,608 million, or 9.20% of LI stock, in the hands of institutional investors. The top three institutional holders of LI stocks are: CREDIT SUISSE AG/ with ownership of 4,634,284, which is approximately -53.614% of the company’s market cap and around 0.10% of the total institutional ownership; ASPEX MANAGEMENT (HK) LTD, holding 4,500,000 shares of the stock with an approximate value of $114.89 million in LI stocks shares; and FMR LLC, currently with $101.87 million in LI stock with ownership of nearly 85.113% of the company’s market capitalization.

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Positions in Li Auto Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 130 institutional holders increased their position in Li Auto Inc. [NASDAQ:LI] by around 35,359,078 shares. Additionally, 49 investors decreased positions by around 34,972,820 shares, while 9 investors held positions by with 7,357,019 shares. The mentioned changes placed institutional holdings at 62,974,879 shares, according to the latest SEC report filing. LI stock had 87 new institutional investments in for a total of 16,959,698 shares, while 28 institutional investors sold positions of 9,468,973 shares during the same period.

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