Li Auto Inc. (NASDAQ:LI – Get Rating)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $17.57, but opened at $17.08. Li Auto shares last traded at $16.55, with a volume of 77,240 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Barclays lowered their target price on Li Auto from $40.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. CLSA started coverage on Li Auto in a research report on Monday, August 8th. They issued a “buy” rating for the company. Finally, TheStreet lowered Li Auto from a “c” rating to a “d+” rating in a research report on Monday, September 12th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Li Auto presently has an average rating of “Buy” and an average target price of $40.60.
Li Auto Price Performance
The stock has a market cap of $18.06 billion, a P/E ratio of -346.53 and a beta of 0.26. The company has a 50 day simple moving average of $19.86 and a 200 day simple moving average of $27.01. The company has a current ratio of 3.25, a quick ratio of 3.08 and a debt-to-equity ratio of 0.19.
Institutional Inflows and Outflows
Li Auto Company Profile
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, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.
- Get a free copy of the StockNews.com research report on Li Auto (LI)
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