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Li Auto Inc. (NASDAQ: LI) Stock: A Value Hunter’s Investment?

The trading price of Li Auto Inc. (NASDAQ:LI) floating higher at last check on Wednesday, June 22, closing at $36.92, 3.26% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $34.79 and $37.02. The company’s P/E ratio in the trailing 12-month period was 11916.67. In examining the 52-week price action we see that the stock hit a 52-week high of $37.45 and a 52-week low of $16.86. Over the past month, the stock has gained 49.02% in value.

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Li Auto Inc., whose market valuation is $35.08 billion at the time of this writing, is expected to release its quarterly earnings report Feb 22, 2022 – Feb 27, 2022. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.09 per share this quarter, however they have predicted annual earnings per share of -$0.07 for 2022 and $0.27 for 2023. It means analysts are expecting annual earnings per share growth of -40.00% this year and 485.70% next year.

Analysts have forecast the company to bring in revenue of $1.29 billion for the current quarter, with the likely lows of $1.03 billion and highs of $2.5 billion. The average estimate suggests sales will likely up by 52.50% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $7.46 billion. The company’s revenue is forecast to grow by 82.40% over what it did in 2022.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Li Auto Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest LI has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 902.09, which symbolizes a positive outlook. A quick review shows that LI’s price is currently 31.40% off the SMA20 and 47.73% off the SMA50. The RSI metric on the 14-day chart is currently showing 79.59, and weekly volatility stands at 4.94%. When measured over the past 30 days, the indicator reaches 5.62%. Li Auto Inc. (NASDAQ:LI)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.98.

To see how Li Auto Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: LI stock’s performance was 3.26% at last check in today’s session, and 18.73% in the past year. Li Auto Inc. has a P/E ratio of 11916.67. Also during today’s trading, the S&P 500 Index has surged 0.62%, while the Dow Jones Industrial also saw a positive session, up 0.39% today.

An evaluation of the daily trading volume of Li Auto Inc. (NASDAQ:LI) indicates that the 3-month average is 9.29 million. However, this figure has increased over the past 10 days to an average of 13.69 million.

Currently, records show that 964.87 million of the company’s shares remain outstanding. The insiders hold 0.30% of outstanding shares, whereas institutions hold 29.30%. The stats also highlight that short interest as of Apr 28, 2022, stood at 20.25 million shares, resulting in a short ratio of 2.68 at that time. From this, we can conclude that short interest is 1.96% of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 23.3 million. However, since the stock’s price has seen 11.37% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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