Goldman slashes price target on Li Auto Inc. [LI] – find out why.

Li Auto Inc. [NASDAQ: LI] loss -2.02% on the last trading session, reaching $29.58 price per share at the time. The company report on September 1, 2021 that Li Auto Inc. August 2021 Delivery Update.

Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), an innovator in China’s new energy vehicle market, announced that the Company delivered 9,433 Li ONEs in August 2021, increasing 248.0% year over year and 9.8% month over month, breaking the Company’s monthly delivery record again. Total deliveries in the first eight months of 2021 and cumulative deliveries of Li ONEs reached 48,176 and 81,773 respectively.

As of August 31, 2021, the Company had 114 retail stores in 69 cities, as well as 194 servicing centers and Li Auto-authorized body and paint shops operating in 143 cities.

Li Auto Inc. represents 905.05 million in outstanding shares, while the company has a total market value of $30.17 billion with the latest information. LI stock price has been found in the range of $28.6301 to $30.2848.

If compared to the average trading volume of 12.00M shares, LI reached a trading volume of 5994247 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Li Auto Inc. [LI]:

Goldman have made an estimate for Li Auto Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 12, 2021. While these analysts kept the previous recommendation, Goldman raised their target price from $60 to $62. The new note on the price target was released on June 07, 2021, representing the official price target for Li Auto Inc. stock. Previously, the target price had yet another raise to $37, while Needham analysts kept a Buy rating on LI stock. On February 26, 2021, analysts increased their price target for LI shares from 33 to 34.

The Average True Range (ATR) for Li Auto Inc. is set at 1.36, with the Price to Sales ratio for LI stock in the period of the last 12 months amounting to 12.74. The Price to Book ratio for the last quarter was 5.88, with the Price to Cash per share for the same quarter was set at 5.29. Price to Free Cash Flow for LI in the course of the last twelve months was 38.27 with Quick ratio for the last quarter at 5.00.

Trading performance analysis for LI stock

Li Auto Inc. [LI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.31. With this latest performance, LI shares dropped by -1.76% in over the last four-week period, additionally plugging by 14.21% over the last 6 months – not to mention a rise of 82.48% in the past year of trading.

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 47.28, with the RSI for the last a single of trading hit 45.16, and the three-weeks RSI is set at 48.59 for Li Auto Inc. [LI]. The present Moving Average for the last 50 days of trading for this stock 30.66, while it was recorded at 30.32 for the last single week of trading, and 28.05 for the last 200 days.

Li Auto Inc. [LI]: A deeper dive into fundamental analysis

Li Auto Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.00 and a Current Ratio set at 5.20.

An analysis of insider ownership at Li Auto Inc. [LI]

There are presently around $4,423 million, or 18.40% of LI stock, in the hands of institutional investors. The top three institutional holders of LI stocks are: BLACKROCK INC. with ownership of 23,853,665, which is approximately 131.737% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 16,274,367 shares of the stock with an approximate value of $481.4 million in LI stocks shares; and BAILLIE GIFFORD & CO, currently with $438.65 million in LI stock with ownership of nearly 61.607% of the company’s market capitalization.

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165 institutional holders increased their position in Li Auto Inc. [NASDAQ:LI] by around 68,840,427 shares. Additionally, 66 investors decreased positions by around 25,603,322 shares, while 27 investors held positions by with 55,090,657 shares. The mentioned changes placed institutional holdings at 149,534,406 shares, according to the latest SEC report filing. LI stock had 71 new institutional investments in for a total of 9,573,973 shares, while 30 institutional investors sold positions of 1,665,342 shares during the same period.

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