Li Auto Inc. (LI) Volatility At 15.17%, Should You Add A Position?

Li Auto Inc. (NASDAQ: LI) is 6.93% higher on its value in year-to-date trading and has touched a low of $14.31 and a high of $24.48 in the current 52-week trading range. The LI stock was last observed hovering at around $19.38 in the last trading session, with the day’s loss setting it -1.78% off its average median price target of $20.00 for the next 12 months. It is also 20.0% off the consensus price target high of $22.00 offered by 7 analysts, but current levels are -76.0% lower than the price target low of $10.00 for the same period.

Currently trading at $17.60, the stock is 5.61% and 5.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.6 million and changing -9.18% at the moment leaves the stock 5.67% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $16.70 and a 200-day simple moving average (SMA200) of $16.70.

The stock witnessed a 6.93% in the last 1 month and is 17.18% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 15.17% over the week and 9.85% over the month.

Li Auto Inc. (LI) has around 2628 employees, a market worth around $16.21B and $164.80M in sales. Distance from 52-week low is 22.99% and -28.10% from its 52-week high. The company has generated returns on investments over the last 12 months (42.40%).

Li Auto Inc. (LI) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Li Auto Inc. (LI) is a “Buy”. 7 analysts offering their recommendations for the stock have an average rating of 1.60, where 1 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Li Auto Inc. is expected to release its quarterly report on 09/02/2020 and quarterly earnings per share for the current quarter are estimated at -$0.06 with sales reaching $278.47M over the same period.The EPS is expected to shrink by -119.90% this year.

Li Auto Inc. (LI) Top Institutional Holders

The shares outstanding are 920.93M, and float is at 61.78M with Short Float at 4.63%.