Li Auto Inc Li Stock Declines

Li stock

The stock slipped 3.5% in the year’s first half; so far in the third quarter, shares are up 4.4%. Earlier this month, the EV maker reported a wider-than-expected second-quarter loss, but maintained its full-year production estimates. The Rivian R1S. Pension giant Calpers bought more Rivian shares in the second quarter. So, it’s easy to see where Humayun is coming from as Li Auto’s value proposition appears to only be growing stronger. Granted, the company has been working through challenges inherent to the Chinese EV industry. These include Covid-19 lockdowns and supply-chain constraints. While Li Auto ramps up its vehicle deliveries, the company can also benefit from a potential recovery in China’s EV market.

Analysts like Li Auto more than other Auto/Tires/Trucks companies. The consensus rating score for DotBig Li Auto is 3.00 while the average consensus rating score for auto/tires/trucks companies is 2.50.

Li stock

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The bias is still for higher levels and we look for any dips to be limited. Sign in to your free account to enjoy all that MarketBeat has to offer. Li Auto’s stock is owned by a number of retail and institutional investors. Only 14 people have added Li Auto to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Only 61 people have searched for LI on MarketBeat in the last 30 days.

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  • Jean-Marc Jestin has an approval rating of 100% among the company’s employees.
  • 11 employees have rated Li Auto Chief Executive Officer Jean-Marc Jestin on
  • Indeed, the stock has “zoom” potential as the buyers have been attempting a breakout above $40 for a while.
  • Here are August’s best Chinese stocks to buy and watch.

Clearly, this ongoing trend should benefit Li Auto in the long run. Not long ago,InvestorPlace contributor Faisal Humayun put at the top of his list of five undervalued auto stocks to buy before they zoom higher. Indeed, the stock has “zoom” potential as the buyers have been attempting a breakout above $40 for a while.

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Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from its use. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. 12 analysts have issued 1-year target prices for Li Auto’s shares. Their LI share price forecasts range from $33.00 to $58.60.

Li stock

According to analysts’ consensus price target of $43.24, Li Auto has a forecasted upside of 47.3% from its current price of $29.36. The company’s average rating score is 3.00, and is based on 12 buy ratings, no hold ratings, and no sell ratings. With substantial demand, and significant supply shortages, lithium prices just ran about 400% year over … Li Auto Inc stock has gained 0.34% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy.

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The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.34 billion-$1.43 billion, compared to the consensus revenue estimate of $2.02 billion.

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Li Auto, Inc. is a holding company, which engages in the design, development, manufacture, and sale of electric vehicles. Its product, Li ONE, is a large electric sport utility vehicle equipped with a range extension system and smart vehicle solutions.

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The chart below shows how a company’s ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green. Li Auto Inc., through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People’s Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.

LI briefly retested it on January 3 before stalling and proceeding… View our full suite of financial calendars and market data tables, all for free. The simple Li stock mention of electric vehicles has been electrifying. † The Equity Summary Score provided by Thomson Reuters StarMine is current as of the date specified.

Mutual Fund and ETF data provided byRefinitiv Lipper. The Biden Administration just announced new steps to strengthen critical U.S. supply DotBig chains, which … There’s just not enough lithium to meet growing demand. For example, according to a report, “The …

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