Li Auto Inc ADR [NASDAQ: LI] price plunged by -0.93 percent to reach at -$0.26. The company report on December 31, 2023 at 9:00 PM that Li Auto Inc. December 2023 Delivery Update.
“We successfully reached our monthly delivery target of 50,000 vehicles in December and achieved full-year vehicle deliveries of 376,030 in 2023. This is the first time in history for a Chinese emerging new energy automaker to surpass the annual delivery milestone of 300,000 vehicles. Since June 2023, Li Auto has become the best-selling premium auto brand in the SUV market for each month in China. With support and recognition of over 600,000 users, we continually deepen our research and development efforts across products, platforms, and systems, among others. Since the Li L series first commenced deliveries, we have completed over 20 OTA upgrades. In particular, the OTA version 5.0, which was officially released in December with 145 new functions and 100 optimized features, provides a comprehensive revolution in autonomous driving and smart space. Looking ahead into 2024, we will continue to push the limit of growth and strive to become China’s best-selling premium auto brand,” commented Xiang Li, chairman and chief executive officer of Li Auto.
The one-year LI stock forecast points to a potential upside of 46.93. The average equity rating for LI stock is currently 1.45, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Li Auto Inc ADR [LI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LI shares is $51.91 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 1.45. 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.
Goldman have made an estimate for Li Auto Inc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 03, 2024.
The Average True Range (ATR) for Li Auto Inc ADR is set at 1.36, with the Price to Sales ratio for LI stock in the period of the last 12 months amounting to 1.61. The Price to Book ratio for the last quarter was 3.98, with the Price to Cash per share for the same quarter was set at 14.64.
LI Stock Performance Analysis:
Li Auto Inc ADR [LI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.82. With this latest performance, LI shares dropped by -25.20% in over the last four-week period, additionally sinking by -35.63% over the last 6 months – not to mention a rise of 10.33% 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 30.26, with the RSI for the last a single of trading hit 26.93, and the three-weeks RSI is set at 33.58 for Li Auto Inc ADR [LI]. The present Moving Average for the last 50 days of trading for this stock 34.35, while it was recorded at 27.74 for the last single week of trading, and 34.63 for the last 200 days.
Insight into Li Auto Inc ADR Fundamentals:
Li Auto Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.59 and a Current Ratio set at 1.69.
LI Stock EPS
With the latest financial reports released by the company, Li Auto Inc ADR posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 300.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LI.
Li Auto Inc ADR [LI] Institutonal Ownership Details
The top three institutional holders of LI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in LI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in LI stock with ownership which is approximately 5.8325%.
