Li Auto Inc., a Chinese electric vehicle manufacturer, has received a “Buy” rating from ten research firms with a 1-year target price of $35.65. Recently, several analysts have raised their target prices and given Li Auto a “buy” rating. The company’s shares opened at $24.75 and have a market capitalization of $25.80 billion, with a P/E ratio of -82.50 and a beta of 0.75. Institutional investors and hedge funds have recently made changes to their positions in the company, with 20.97% of the stock currently owned by them. Li Auto (NSD:LI) reported better-than-expected earnings per share of $0.04 for the last quarter, with revenue of $2.56 billion.
Li Auto has been making significant strides in the electric vehicle market, with its Li ONE electric SUV being a popular choice among Chinese consumers. The company has been expanding its product line and plans to launch a new model in 2022. Li Auto drives its success in the market with its innovative battery-swapping technology, which enables customers to replace their car’s battery in just a few minutes, making it a convenient alternative to traditional EV charging stations. The company’s strong performance has attracted the attention of investors, and its stock has seen a steady rise in value over the past year.
Li Auto Inc. Stock Analysis
Li Auto Inc. a new energy vehicle manufacturer in China, has an average analyst target price of $32.24 over the next year based on the forecasts of eight analysts, indicating a strong buy rating for the company. Stock Target Advisor’s analysis of Li Auto Inc. suggests a slightly bullish outlook, supported by nine positive signals and five negative signals. As of the last closing, the company’s stock price was $24.75, reflecting a 5.18% increase in the past week and a 4.83% increase in the past month, while the stock has declined by 6.53% over the last year.
Company Overview
Li Auto Inc. is a China-based company that specializes in the design, development, manufacturing, and distribution of new energy vehicles. The company’s flagship product, Li ONE, is a smart electric sport utility vehicle that boasts a range of innovative features such as smart vehicle solutions, ADAS navigation, and automatic emergency braking capabilities. Li Auto Inc. also offers a range of services including sales and after-sales management, technology development, and corporate management services. The company, which was previously known as Leading Ideal Inc., underwent a name change in July 2020 to become Li Auto Inc. Founded in 2015, the company is headquartered in Beijing, China.
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