Li Auto Inc. [NASDAQ: LI] gained 0.30% or 0.08 points to close at $26.48 with a heavy trading volume of 8201996 shares. The company report on March 14, 2022 that Li Auto Announces Inclusion of Its Shares in the Shenzhen-Hong Kong Stock Connect Program.
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Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), an innovator in China’s new energy vehicle market, today announced that the Company’s Class A ordinary shares, which are listed and traded on the Stock Exchange of Hong Kong Limited (“HKEX”), have been included in the Shenzhen-Hong Kong Stock Connect program, effective on March 14, 2022, based on the announcement of the Shenzhen Stock Exchange.
The inclusion in the Shenzhen-Hong Kong Stock Connect program allows the Company to access a broader investor base and share its growth trajectory and further success with users, partners and investors in mainland China via the financial market.
It opened the trading session at $26.77, the shares rose to $27.31 and dropped to $25.755, the range by which the price of stock traded the whole day. The daily chart for LI points out that the company has recorded -1.60% loss over the past six months. However, it is still -65.71% lower than its most recent low trading price.
If we look at the average trading volume of 10.13M shares, LI reached to a volume of 8201996 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]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LI shares is $40.88 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 1.80. 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.
China Renaissance have made an estimate for Li Auto Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 24, 2022. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on February 08, 2022, representing the official price target for Li Auto Inc. stock.
The Average True Range (ATR) for Li Auto Inc. is set at 2.47, with the Price to Sales ratio for LI stock in the period of the last 12 months amounting to 6.66. The Price to Book ratio for the last quarter was 3.95, with the Price to Cash per share for the same quarter was set at 7.00.
Trading performance analysis for LI stock
Li Auto Inc. [LI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.57. With this latest performance, LI shares dropped by -5.06% in over the last four-week period, additionally sinking by -1.60% over the last 6 months – not to mention a rise of 17.17% 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 49.81, with the RSI for the last a single of trading hit 50.75, and the three-weeks RSI is set at 49.16 for Li Auto Inc. [LI]. The present Moving Average for the last 50 days of trading for this stock 27.24, while it was recorded at 27.07 for the last single week of trading, and 29.66 for the last 200 days.
Li Auto Inc. [LI]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Li Auto Inc. [LI] shares currently have an operating margin of -3.77 and a Gross Margin at +21.33. Li Auto Inc.’s Net Margin is presently recorded at -1.19.
Return on Total Capital for LI is now -2.51, given the latest momentum, and Return on Invested Capital for the company is -0.80. Return on Equity for this stock declined to -0.91, with Return on Assets sitting at -0.65. When it comes to the capital structure of this company, Li Auto Inc. [LI] has a Total Debt to Total Equity ratio set at 19.09. Additionally, LI Total Debt to Total Capital is recorded at 16.03, with Total Debt to Total Assets ending up at 12.68. Long-Term Debt to Equity for the company is recorded at 17.85, with the Long-Term Debt to Total Capital now at 14.99.
Receivables Turnover for the company is 123.69 with a Total Asset Turnover recorded at a value of 0.55.Li Auto Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.20 and a Current Ratio set at 4.30.
An analysis of insider ownership at Li Auto Inc. [LI]
There are presently around $5,906 million, or 27.00% of LI stock, in the hands of institutional investors. The top three institutional holders of LI stocks are: BLACKROCK INC. with ownership of 28,842,854, which is approximately 6.861% of the company’s market cap and around 0.32% of the total institutional ownership; VANGUARD GROUP INC, holding 15,006,242 shares of the stock with an approximate value of $396.17 million in LI stocks shares; and BAILLIE GIFFORD & CO, currently with $386.35 million in LI stock with ownership of nearly -1.096% of the company’s market capitalization.
Positions in Li Auto Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 158 institutional holders increased their position in Li Auto Inc. [NASDAQ:LI] by around 65,951,871 shares. Additionally, 100 investors decreased positions by around 13,863,328 shares, while 41 investors held positions by with 143,879,035 shares. The mentioned changes placed institutional holdings at 223,694,234 shares, according to the latest SEC report filing. LI stock had 66 new institutional investments in for a total of 18,231,628 shares, while 30 institutional investors sold positions of 5,373,765 shares during the same period.