Li Auto Inc. (NASDAQ:LI) closed Wednesday at $28.82 per share, up from $28.74 a day earlier. While Li Auto Inc. has overperformed by 0.28%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LI rose by 22.80%, with highs and lows ranging from $41.49 to $12.52, whereas the simple moving average jumped by 23.64% in the last 200 days.
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Analysis of Li Auto Inc. (LI)
Further, the quarter-over-quarter increase in sales is 96.50%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Li Auto Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -2.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and LI is recording an average volume of 7.24M. On a monthly basis, the volatility of the stock is set at 3.75%, whereas on a weekly basis, it is put at 3.59%, with a loss of -0.10% over the past seven days. Furthermore, long-term investors anticipate a median target price of $38.50, showing growth from the present price of $28.82, which can serve as yet another indication of whether LI is worth investing in or should be passed over.
How Do You Analyze Li Auto Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.04%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in LI shares?
The recent increase in stakes in LI appears to be a result of several institutional investors and hedge funds increasing their positions. Fidelity Management & Research Co’s position in LI has increased by 8.30% in the first quarter. The company now owns 10,504,690 shares of the stock, with a value of $246.86 million, following the purchase of 805,058 additional shares during the last quarter. Renaissance Technologies LLC made another decreased to its shares in LI during the first quarter, downing its stake by -20.44%. During the last quarter, the company picked up -2,083,700 additional shares for a total stake of worth $190.62 million, bringing number of shares owned by the company to 8,111,300.
During the first quarter, Norges Bank Investment Management added a 3,736,869 position in LI. Brilliance Asset Management Ltd. sold an additional -2.67 million shares in the last quarter, decreasing its holdings by -34.59%, now holding 5.04 million shares worth $118.5 million. At the end of the first quarter, T. Rowe Price Associates, Inc. increased its LI holdings by 27.06% and now holds 3.74 million LI shares valued at $87.84 million with the added 0.8 million shares during the period. LI shares are owned by institutional investors to the tune of 29.50% at present.
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