Saturday, June 25, 2022

A Guide To The Risks Of Investing In Li Auto Inc. (LI)

HSBC Securities initiated its Li Auto Inc. [LI] rating to a Buy in a research note published on Tuesday, April 04, 2022; the price target was $35. PT values the company’s stock at a premium of -2.14 to its Tuesday closing price. A number of analysts have revised their coverage, including China Renaissance’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. Barclays began covering LI with a “an Overweight” recommendation on February 08, 2022. Macquarie started covering the stock on January 12, 2022. It rated LI as “an Outperform”.


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Price Performance Review of LI

On Tuesday, Li Auto Inc. [NASDAQ:LI] saw its stock jump 7.84% to $35.75. On the same session, the stock had its day’s lowest price of $34.79, but rose to a high of $37.02. Over the last five days, the stock has gained 23.06%. Li Auto Inc. shares have risen nearly 11.37% since the year began. Nevertheless, the stocks have risen 18.73% over the past one year. While a 52-week high of $37.45 was reached on 06/21/22, a 52-week low of $16.86 was recorded on 03/15/22. SMA at 50 days reached $24.99, while 200 days put it at $28.05. A total of 24.4 million shares were traded, compared to the trading of 9.06 million shares in the previous session.

Levels Of Support And Resistance For LI Stock

The 24-hour chart illustrates a support level at 34.69, which if violated will result in even more drops to 33.62. On the upside, there is a resistance level at 36.92. A further resistance level may holdings at 38.08. The Relative Strength Index (RSI) on the 14-day chart is 77.86, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.32%. Stochastics %K at 90.55% indicates the stock is a selling.

How much short interest is there in Li Auto Inc.?

A steep rise in short interest was recorded in Li Auto Inc. stocks on Apr 28, 2022, dropping by -3.05 million shares to a total of 20.25 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 23.3 million shares. There was a decline of -15.06%, which implies that there is a negative sentiment for the stock.

Li Auto Inc. [LI] – Who Are The Largest Shareholders?

In filings from Tiger Global Management LLC, it is revealed that the company now owns 19,791,714 shares, or roughly 2.32% of the outstanding LI shares. In other words, the investor’s shares have risen by 12,388,725 from its previous 13-F filing of 7402989.0. Additionally, BlackRock Fund Advisors increased 5.16% of its stake after which the total value it holdings stand at $436,988,125, while Baillie Gifford & Co. reduced -9.61% of its stake to hold $331.62 million in the firm. Over the last quarter, The Vanguard Group, Inc. sold -91,280 shares of Li Auto Inc., while Fidelity Management & Research Co sold -686,302 shares. At present, SSgA Funds Management, Inc. is holding 9,476,514 shares valued at $237.58 million. WT Asset Management Ltd. owned 6,439,983 shares of the company at the time of its most recent 13F filing, worth $161.45 million.

According to FactSet, Li Auto Inc.’s share price will average $260.98 in the next year, based on opinions of analysts polled by the firm. This is up nearly 705.49 percent from its previous closing price of $33.15. Analysts expect Li Auto Inc. stock to reach the higher price of $415.48, while the lowest price estimate is $94.62. However, 26 analysts have rated LI stock as a Buy in their predictions for 2022. The most recent change occurred on October 28, 2021 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $43 price target.

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