At the time of writing, Li Auto Inc ADR [LI] stock is trading at $31.26, up 4.79%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LI shares have gain 2.09% over the last week, with a monthly amount drifted -14.29%, and not seem to be holding up well over a long-time horizon.
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
On 1, April 2024, Li Auto Inc. March 2024 Delivery Update. 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 the Company delivered 28,984 vehicles in March 2024, increasing by 39.2% year over year. This brought the Company’s first-quarter deliveries to 80,400, up 52.9% year over year. The cumulative deliveries of Li Auto vehicles reached 713,764 as of the end of March 2024, establishing Li Auto as the first Chinese emerging new energy automaker to reach a milestone of 700,000 cumulative deliveries.
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.
For the past year, the stock price of Li Auto Inc ADR fluctuated between $21.48 and $47.33. Currently, Wall Street analysts expect the stock to reach $49.73 within the next 12 months. Li Auto Inc ADR [NASDAQ: LI] shares were valued at $31.26 at the most recent close of the market. An investor can expect a potential return of 59.09% based on the average LI price forecast.
Analyzing the LI fundamentals
According to Li Auto Inc ADR [NASDAQ:LI], the company’s sales were 17.39B for trailing twelve months, which represents an 132.77% jump. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.13 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
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 30.81 points at the first support level, and at 30.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.67, and for the 2nd resistance point, it is at 32.08.
Li Auto Inc ADR [LI] reported earnings per share of $0.74 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.28/share, meaning a difference of $0.46 and a surprise factor of 164.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.19 per share as compared to estimates of $0.31 per share, a difference of -$0.12 representing a surprise of -38.70%.
Ratios To Look Out For
It is important to note that Li Auto Inc ADR [NASDAQ:LI] has a current ratio of 1.57. As well, the Quick Ratio is 1.48, while the Cash Ratio is 1.26. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 4.51 and price to earnings (TTM) ratio is 20.26.
