Li Auto Inc ADR [LI] stock prices are down -0.54% to $34.80 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The LI shares have gain 13.43% over the last week, with a monthly amount glided 24.46%, and seem to be holding up well over a long-time horizon.
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On 8, February 2024, Li Auto Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on February 26, 2024. In a post published today on Yahoo Finance, Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it will report its unaudited financial results for the fourth quarter and full year 2023 before the U.S. market opens on Monday, February 26, 2024.
From an analyst’s perspective:
Li Auto Inc ADR [NASDAQ: LI] stock has seen the most recent analyst activity on February 06, 2024, when Deutsche Bank upgraded its rating to a Buy and also revised its price target to $41 from $45. On November 28, 2022, Jefferies initiated with a Buy rating and assigned a price target of $20.66 on the stock. CLSA started tracking the stock assigning a Buy rating. HSBC Securities initiated its recommendation with a Buy and recommended $35 as its price target on April 04, 2022. China Renaissance started tracking with a Buy rating for this stock on March 24, 2022, and assigned it a price target of $37.20. In a note dated February 08, 2022, Barclays initiated an Overweight rating and provided a target price of $38 on this stock.
The stock price of Li Auto Inc ADR [LI] has been fluctuating between $20.80 and $47.33 over the past year. Currently, Wall Street analysts expect the stock to reach $38.44 within the next 12 months. Li Auto Inc ADR [NASDAQ: LI] shares were valued at $34.80 at the most recent close of the market. An investor can expect a potential return of 10.46% based on the average LI price forecast.
Analyzing the LI fundamentals
The Li Auto Inc ADR [NASDAQ:LI] reported sales of 14.09B for trailing twelve months, representing a surge of 251.05%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.24 points at the first support level, and at 33.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.55, and for the 2nd resistance point, it is at 36.30.
Li Auto Inc ADR [LI] reported earnings per share of $0.19 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.31/share, meaning a difference of -$0.12 and a surprise factor of -38.70%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.3 per share as compared to estimates of $0.12 per share, a difference of $0.18 representing a surprise of 150.00%.
Ratios To Look Out For
It’s worth pointing out that Li Auto Inc ADR [NASDAQ:LI]’s Current Ratio is 1.69. On the other hand, the Quick Ratio is 1.59, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 5.02 and price to earnings (TTM) ratio is 41.36.
