Thinking Of Selling Li Auto Inc ADR (NASDAQ: LI) Stock? Check This Out First

Li Auto Inc ADR (NASDAQ:LI) shares, rose in value, with the stock price down by -2.11% to the previous day’s close as strong demand from buyers drove the stock to $29.63.

Actively observing the price movement in the last trading, the stock closed the session at $30.27. The value of beta (5-year monthly) was 1.10 whereas the PE ratio was 19.21 over 12-month period. Referring to stock’s 52-week performance, its high was $47.33, and the low was $21.48. On the whole, LI has fluctuated by -21.53% over the past month.

With the market capitalization of Li Auto Inc ADR currently standing at about $24.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.35, which is expected to increase to $0.49 for fiscal year $1.85 and then to about $2.57 by fiscal year 2025. Data indicates that the EPS growth is expected to be 20.90% in 2025, while the next year’s EPS growth is forecast to be 38.90%.

Analysts have estimated the company’s revenue for the quarter at $4.09 billion, with a low estimate of $3.28 billion and a high estimate of $6.12 billion. According to the average forecast, sales growth in current quarter could jump up 57.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $27.23 billion, representing an increase of 59.10% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that LI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0.99, with the price of LI currently trading nearly -12.27% and -10.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.31, while the 7-day volatility ratio is showing 3.65% which for the 30-day chart, stands at 3.74%. Furthermore, Li Auto Inc ADR (LI)’s beta value is 1.04, and its average true range (ATR) is 1.66.

A comparison of Li Auto Inc ADR (LI) with its peers suggests the former has fared considerably weaker in the market. LI showed an intraday change of -2.11% in last session, and over the past year, it grew by 21.83%%.

Data on historical trading for Li Auto Inc ADR (NASDAQ:LI) indicates that the trading volumes over the past 10 days have averaged 7.71 million and over the past 3 months, they’ve averaged 8.31 million. According to company’s latest data on outstanding shares, there are 824.31 million shares outstanding.

Nearly 1.04% of Li Auto Inc ADR’s shares belong to company insiders and institutional investors own 11.17% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29.15 million shares as on Mar 15, 2024, resulting in a short ratio of 2.87. According to the data, the short interest in Li Auto Inc ADR (LI) stood at 2.91% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 28.46 million. The stock has fallen by -20.84% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LI stock heading into the next quarter.

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