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

Li Auto Inc ADR [NASDAQ: LI] closed the trading session at $41.34. The company report on February 26, 2024 at 3:30 AM that Li Auto Inc. Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results.

Quarterly total revenues reached RMB41.73 billion (US$5.88 billion)1Quarterly deliveries reached 131,805 vehiclesFull year total revenues reached RMB123.85 billion (US$17.44 billion)Full year deliveries were 376,030 vehicles.

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The stocks have a year to date performance of 10.45 percent and weekly performance of 30.66 percent. The stock has been moved at 6.46 percent over the last six months. The stock has performed 49.03 percent around the most recent 30 days and changed 1.60 percent over the most recent 3-months.

If compared to the average trading volume of 6.62M shares, LI reached to a volume of 31016741 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $52.63 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 1.47. 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. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on January 03, 2024, representing the official price target for Li Auto Inc ADR stock. Previously, the target price had yet another raise to $20.66, while Jefferies analysts kept a Buy rating on LI stock.

The Average True Range (ATR) for Li Auto Inc ADR is set at 1.73, with the Price to Sales ratio for LI stock in the period of the last 12 months amounting to 1.96. The Price to Book ratio for the last quarter was 5.97, with the Price to Cash per share for the same quarter was set at 17.66.

LI stock trade performance evaluation

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 30.66. With this latest performance, LI shares gained by 49.03% in over the last four-week period, additionally plugging by 6.46% over the last 6 months – not to mention a rise of 71.04% 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 81.07, with the RSI for the last a single of trading hit 89.42, and the three-weeks RSI is set at 73.35 for Li Auto Inc ADR [LI]. The present Moving Average for the last 50 days of trading for this stock 31.96, while it was recorded at 35.21 for the last single week of trading, and 35.31 for the last 200 days.

Li Auto Inc ADR [LI]: An insightful look at the core fundamentals

Li Auto Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.48 and a Current Ratio set at 1.57.

Earnings per share (EPS) analysis for Li Auto Inc ADR [LI] stock

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]: Institutional Ownership

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%.