Li Auto Inc. [NASDAQ: LI] traded at a low on 09/05/23, posting a -5.93 loss after which it closed the day’ session at $39.82. The company report on September 1, 2023 at 4:30 AM that Li Auto Inc. August 2023 Delivery Update.
“As increasing family users recognize and trust our products, we delivered robust performance in August, with monthly deliveries for each of Li L7, Li L8, and Li L9 surpassing 10,000 vehicles,” commented Xiang Li, chairman and chief executive officer of Li Auto. “Specifically, Li L9 has remained a top seller in the full-size SUV segment for twelve consecutive months, achieving over 100,000 cumulative deliveries since the first Li L9 rolled off the production line in August 2022, while Li L7 and Li L8 consistently ranked first and second, respectively, in the large SUV sales chart. The popularity of these three Li L series models has solidified our sales leadership position in both China’s NEV and premium vehicle markets. From January to August this year, we captured an over 30% market share in the RMB300,000 and higher NEV market in China, winning the premium NEV sales champion title. Furthermore, we have held the top sales spot among high-end ICE and new energy SUVs priced above RMB300,000 in China for five straight months since April this year. Lastly, during our press briefing at the Chengdu Motor Show 2023, we officially announced the launch and delivery time for our technology-empowered flagship model for families, Li MEGA, which we believe will help us accomplish our goal of making Li Auto China’s best-selling premium auto brand in 2024.”.
The results of the trading session contributed to over 9090886 shares changing hands. Over the past one week, the price volatility of Li Auto Inc. stands at 4.07% while the volatility over the past one month is 3.72%.
The market cap for LI stock reached $41.01 billion, with 980.69 million shares outstanding and 876.64 million shares in the current float. Compared to the average trading volume of 7.32M shares, LI reached a trading volume of 9090886 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 $52.59 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 1.70. 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.
Jefferies have made an estimate for Li Auto Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 28, 2022.
The Average True Range (ATR) for Li Auto Inc. is set at 1.88, with the Price to Sales ratio for LI stock in the period of the last 12 months amounting to 4.00. The Price to Book ratio for the last quarter was 5.80, with the Price to Cash per share for the same quarter was set at 9.67.
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 0.03. With this latest performance, LI shares dropped by -13.13% in over the last four-week period, additionally plugging by 59.28% over the last 6 months – not to mention a rise of 42.72% 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 47.76, with the RSI for the last a single of trading hit 44.54, and the three-weeks RSI is set at 50.42 for Li Auto Inc. [LI]. The present Moving Average for the last 50 days of trading for this stock 39.39, while it was recorded at 41.74 for the last single week of trading, and 28.11 for the last 200 days.
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 -8.07 and a Gross Margin at +19.11. Li Auto Inc.’s Net Margin is presently recorded at -4.44.
Return on Total Capital for LI is now -6.69, given the latest momentum, and Return on Invested Capital for the company is -3.83. Return on Equity for this stock declined to -4.65, with Return on Assets sitting at -2.71. When it comes to the capital structure of this company, Li Auto Inc. [LI] has a Total Debt to Total Equity ratio set at 27.34. Additionally, LI Total Debt to Total Capital is recorded at 21.47, with Total Debt to Total Assets ending up at 14.17. Long-Term Debt to Equity for the company is recorded at 24.92, with the Long-Term Debt to Total Capital now at 19.57.
Reflecting on the efficiency of the workforce at the company, Li Auto Inc. [LI] managed to generate an average of -$120,641 per employee. Receivables Turnover for the company is 522.00 with a Total Asset Turnover recorded at a value of 0.61.Li Auto Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.80.
Insider trade positions for Li Auto Inc. [LI]
The top three institutional holders of LI stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in LI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in LI stock with ownership which is approximately 5.7381%.