Li Auto Inc ADR (LI) Has A Potential Gold Mine

Li Auto Inc ADR (NASDAQ:LI) price on Thursday, April 18, rose 2.39% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $29.42.

A look at the stock’s price movement, the level at last check in today’s session was $28.73. The PE ratio in trailing twelve months stood at 19.08. Turning to its 52-week performance, $47.33 and $21.48 were the 52-week high and 52-week low respectively. Overall, LI moved -10.47% over the past month.

Li Auto Inc ADR’s market cap currently stands at around $23.97 billion.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that LI is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

The technical evaluation for the stock shows the PEG ratio is 0.99, with LI’s current price about -3.50% and -12.61% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.04, while 7-day volatility ratio is 3.11% and 3.10% in the 30-day chart. Further, Li Auto Inc ADR (LI) has a beta value of 1.05, and an average true range (ATR) of 1.40.

If we refocus on Li Auto Inc ADR (NASDAQ:LI), historical trading data shows that trading volumes averaged 8.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 814.93 million shares.

The 1.04% of Li Auto Inc ADR’s shares are in the hands of company insiders while institutional holders own 11.31% of the company’s shares. Current price change has pushed the stock -21.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LI stock continues to rise going into the next quarter.

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