Li Auto Inc. (NASDAQ:LI – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 31,710,000 shares, a growth of 19.6% from the August 15th total of 26,520,000 shares. Based on an average trading volume of 6,990,000 shares, the days-to-cover ratio is presently 4.5 days.
Li Auto Price Performance
LI traded down $0.97 during midday trading on Monday, hitting $39.68. The stock had a trading volume of 5,577,441 shares, compared to its average volume of 7,155,983. The company has a market cap of $39.02 billion, a P/E ratio of 172.52 and a beta of 0.85. The business has a fifty day moving average of $40.29 and a 200 day moving average of $31.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.77. Li Auto has a 1 year low of $12.52 and a 1 year high of $47.33.
Li Auto (NASDAQ:LI – Get Free Report) last issued its earnings results on Tuesday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $3.95 billion during the quarter. Li Auto had a return on equity of 3.92% and a net margin of 2.45%. As a group, equities analysts forecast that Li Auto will post 0.93 earnings per share for the current fiscal year.
Institutional Trading of Li Auto
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. TheStreet upgraded Li Auto from a “c” rating to a “b-” rating in a research note on Monday, August 28th. Barclays lifted their target price on Li Auto from $34.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Citigroup lifted their target price on Li Auto from $208.80 to $250.30 in a research note on Thursday, August 10th. HSBC lifted their target price on Li Auto from $38.00 to $43.00 in a research note on Wednesday, June 28th. Finally, Bank of America lifted their target price on Li Auto from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $70.42.
About Li Auto
Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE and Li L series smart electric vehicles. It also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.
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