Li Auto Inc ADR (NASDAQ: LI) stock jumped 3.68% on Monday to $42.30 against a previous-day closing price of $40.80. With 6.2 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.33 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $42.35 whereas the lowest price it dropped to was $40.79. The 52-week range on LI shows that it touched its highest point at $47.33 and its lowest point at $16.22 during that stretch. It currently has a 1-year price target of $54.16. Beta for the stock currently stands at 1.01.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LI was up-trending over the past week, with a rise of 7.20%, but this was up by 32.64% over a month. Three-month performance surged to 8.10% while six-month performance rose 43.63%. The stock gained 130.39% in the past year, while it has gained 107.35% so far this year. A look at the trailing 12-month EPS for LI yields 0.84 with Next year EPS estimates of 1.79. For the next quarter, that number is 0.44. This implies an EPS growth rate of 78956.64% for this year and 51.56% for next year.
Float and Shares Shorts:
At present, 824.31 million LI shares are outstanding with a float of 810.83 million shares on hand for trading. On Oct 30, 2023, short shares totaled 30.34 million, which was 3.03% higher than short shares on Sep 28, 2023. In addition to Mr. Xiang Li as the firm’s Founder, Executive Chairman & CEO, Mr. Donghui Ma serves as its President & Executive Director.
Institutional Ownership:
Through their ownership of 13.45% of LI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.71% of LI, in contrast to 3.15% held by mutual funds. As the largest shareholder in LI with 1.03% of the stake, Renaissance Technologies LLC holds 9,094,800 shares worth 9,094,800. A second-largest stockholder of LI, Fidelity Management & Research Co, holds 7,293,696 shares, controlling over 0.83% of the firm’s shares. Two Sigma Advisers LP is the third largest shareholder in LI, holding 6,739,400 shares or 0.76% stake. With a 0.78% stake in LI, the Government Pension Fund – Global is the largest stakeholder. A total of 6,860,157 shares are owned by the mutual fund manager. The Fidelity Inv. Trust – Emerging Ma, which owns about 0.37% of LI stock, is the second-largest Mutual Fund holder. It holds 3,291,969 shares valued at 111.3 million. T Rowe Price Emerging Markets Sto holds 0.27% of the stake in LI, owning 2,347,958 shares worth 79.38 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LI analysts setting a high price target of $582.14 and a low target of $254.99, the average target price over the next 12 months is $392.55. Based on these targets, LI could surge 1276.22% to reach the target high and rise by 502.81% to reach the target low. Reaching the average price target will result in a growth of 828.01% from current levels.
