Market Analysts see Li Auto Inc ADR [LI] falling to $41. Time to buy?

Li Auto Inc ADR [NASDAQ: LI] traded at a high on Thursday, posting a 1.66 gain after which it closed the day’ session at $30.68. The company report on February 8, 2024 at 3:30 AM that Li Auto Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on February 26, 2024.

The Company’s management will hold an earnings conference call on Monday, February 26, 2024, at 7:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time on the same day.

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The results of the trading session contributed to over 2962660 shares changing hands. Over the past one week, the price volatility of Li Auto Inc ADR stands at 2.43% while the volatility over the past one month is 3.40%.

The market cap for LI stock reached $25.29 billion, with 824.31 million shares outstanding and 810.89 million shares in the current float. Compared to the average trading volume of 6.45M shares, LI reached a trading volume of 2962660 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 ADR [LI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LI shares is $51.72 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 1.40. 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.

Deutsche Bank have made an estimate for Li Auto Inc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 06, 2024.

The Average True Range (ATR) for Li Auto Inc ADR is set at 1.20, with the Price to Sales ratio for LI stock in the period of the last 12 months amounting to 1.79. The Price to Book ratio for the last quarter was 4.43, with the Price to Cash per share for the same quarter was set at 14.64.

How has LI stock performed recently?

Li Auto Inc ADR [LI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.59. With this latest performance, LI shares gained by 5.25% in over the last four-week period, additionally sinking by -23.87% over the last 6 months – not to mention a rise of 19.66% 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 51.71, with the RSI for the last a single of trading hit 57.56, and the three-weeks RSI is set at 48.39 for Li Auto Inc ADR [LI]. The present Moving Average for the last 50 days of trading for this stock 32.04, while it was recorded at 30.38 for the last single week of trading, and 34.99 for the last 200 days.

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

Earnings analysis for Li Auto Inc ADR [LI]

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.

Insider trade positions for Li Auto Inc ADR [LI]

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%.