CLSA slashes price target on Li Auto Inc ADR [LI] – find out why.

ULTA

Li Auto Inc ADR [NASDAQ: LI] closed the trading session at $20.73.

The stocks have a year to date performance of -44.62 percent and weekly performance of -3.45 percent. The stock has been moved at -49.85 percent over the last six months. The stock has performed 8.31 percent around the most recent 30 days and changed 2.07 percent over the most recent 3-months.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

If compared to the average trading volume of 6.08M shares, LI reached to a volume of 7742977 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 $31.42 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 1.51. 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.

CLSA have made an estimate for Li Auto Inc ADR shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 22, 2024. The new note on the price target was released on April 25, 2024, representing the official price target for Li Auto Inc ADR stock. Previously, the target price had yet another raise to $40, while Macquarie analysts kept a Outperform rating on LI stock. On February 06, 2024, analysts decreased their price target for LI shares from 45 to 41.

The Average True Range (ATR) for Li Auto Inc ADR is set at 0.77, with the Price to Sales ratio for LI stock in the period of the last 12 months amounting to 0.93. The Price to Book ratio for the last quarter was 2.59, with the Price to Cash per share for the same quarter was set at 16.79.

LI stock trade performance evaluation

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 -3.45. With this latest performance, LI shares gained by 8.31% in over the last four-week period, additionally sinking by -49.85% over the last 6 months – not to mention a drop of -46.61% 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 54.56, with the RSI for the last a single of trading hit 55.32, and the three-weeks RSI is set at 52.65 for Li Auto Inc ADR [LI]. The present Moving Average for the last 50 days of trading for this stock 19.66, while it was recorded at 20.95 for the last single week of trading, and 28.37 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 1.37 and a Current Ratio set at 1.53.

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

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Li Auto Inc ADR go to 3.20%.

Li Auto Inc ADR [LI]: Institutional Ownership

The top three institutional holders of LI stocks are: XIAMEN XINWEIDACHUANG INVESTMENT PARTNERSHIP (LIMITED PARTNERSHIP) with ownership of 9.15 million shares, which is approximately 0.9215%. RENAISSANCE TECHNOLOGIES LLC, holding 7.25 million shares of the stock with an approximate value of $$129.69 million in LI stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $$122.75 million in LI stock with ownership which is approximately 0.6912%.

Most Popular