Investing in Li Auto Inc. [LI]: What You Must Know


Following these proceedings, Jefferies initiated its Li Auto Inc. [LI] rating to a Buy in a research note published on Tuesday, November 28, 2022; the price target was $20.66. PT values the company’s stock at a premium of -14.28 to its Tuesday closing price. A number of analysts have revised their coverage, including CLSA’s analysts, who began to cover the stock in early August with a ‘”a Buy”‘ rating. HSBC Securities began covering LI with “Buy” recommendation on April 04, 2022. China Renaissance started covering the stock on March 24, 2022. It rated LI as “a Buy”.

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Price Performance Review of LI

On Tuesday, Li Auto Inc. [NASDAQ:LI] saw its stock jump 1.33% to $23.61. On the same session, the stock had its day’s lowest price of $23.00, but rose to a high of $24.00. Over the last five days, the stock has lost -2.84%. Li Auto Inc. shares have risen nearly 15.74% since the year began. Nevertheless, the stocks have fallen -15.35% over the past one year. While a 52-week high of $41.49 was reached on 02/02/23, a 52-week low of $12.52 was recorded on 01/06/23. SMA at 50 days reached $22.88, while 200 days put it at $25.54. A total of 12.14 million shares were traded, compared to the trading of 13.61 million shares in the previous session.

Levels Of Support And Resistance For LI Stock

The 24-hour chart illustrates a support level at 23.07, which if violated will result in even more drops to 22.54. On the upside, there is a resistance level at 24.07. A further resistance level may holdings at 24.54. The Relative Strength Index (RSI) on the 14-day chart is 47.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.43%. Stochastics %K at 12.52% indicates the stock is a buying.

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

A steep rise in short interest was recorded in Li Auto Inc. stocks on Jan 30, 2023, growing by 4.43 million shares to a total of 33.97 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 29.54 million shares. There was a rise of 13.04%, which implies that there is a positive sentiment for the stock.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 15,276,074 shares, or roughly 1.77% of the outstanding LI shares. In other words, the investor’s shares have risen by 163,921 from its previous 13-F filing of 15112153.0. Additionally, Renaissance Technologies LLC decreased -17.91% of its stake after which the total value it holdings stand at $253,855,500, while Fidelity Management & Research Co added 40.25% of its stake to hold $241.52 million in the firm. At present, Norges Bank Investment Management is holding 6,233,104 shares valued at $155.2 million. FIAM LLC owned 3,964,860 shares of the company at the time of its most recent 13F filing, worth $98.73 million.

According to FactSet, Li Auto Inc.’s share price will average $198.42 in the next year, based on opinions of analysts polled by the firm. This is up nearly 790.56 percent from its previous closing price of $23.30. Analysts expect Li Auto Inc. stock to reach the higher price of $403.95, while the lowest price estimate is $88.77. However, 36 analysts have rated LI stock as a Buy in their predictions for 2023. The most recent change occurred on February 08, 2022 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $38 price target.


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