Li Auto (NASDAQ:LI) Sees Strong Trading Volume - Here's Why

Li Auto Inc. (NASDAQ:LI) experienced a notable surge in trading volume recently. On a particular Friday, around 5,836,405 shares changed hands, which represents a significant 29% increase from the prior session's volume of 4,522,601 shares. The stock was last priced at $28.02, up from a closing price of $26.37.

Analyst Upgrades and Downgrades

Recent evaluations from research analysts indicate a positive outlook for Li Auto's stock. Barclays has increased its price target for the shares from $22.00 to $31.00, maintaining an "equal weight" rating. On the other hand, Macquarie has upgraded Li Auto from a "neutral" rating to an "outperform" rating. Overall, three analysts recommend holding the stock while three others suggest buying, leading to a consensus rating of "Moderate Buy" with an average price target of approximately $32.77 according to MarketBeat.com.

Li Auto Price Performance

The fifty-day moving average for Li Auto's stock stands at $23.90, while the 200-day moving average is $23.34. The company displays a debt-to-equity ratio of 0.13, a current ratio of 1.76, and a quick ratio of 1.64. With a market capitalization of $29.24 billion, the stock has a price-to-earnings (P/E) ratio of 20.42 and a P/E/G ratio of 3.28. The stock beta is measured at 0.92, indicating a relatively stable performance compared to the market.

Institutional Trading of Li Auto

Institutional investors have been making adjustments recently in their stakes in Li Auto. For instance, Mirae Asset Global Investments Co. Ltd. increased its position by a remarkable 2,556.7% in the third quarter, holding now 3,630,537 shares valued at approximately $93.5 million. Also, Connor Clark & Lunn Investment Management Ltd. raised its stake by 27.7%, totaling 432,988 shares worth $11.1 million. Additionally, Ping Capital Management Inc. reported a 161.9% increase in its holdings. As a result, institutional investors now own 9.88% of Li Auto's stock.

Li Auto Company Profile

Li Auto Inc. is a prominent player in the electric vehicle market in China. The company specializes in designing, developing, manufacturing, and selling high-end smart electric vehicles, which include multi-purpose vehicles (MPVs) and sport utility vehicles (SUVs). Furthermore, it provides sales and after-sales management, technology development, and corporate management services.

Should You Invest in Li Auto?

Investors considering their options might want to be informed about the current analyst ratings. While Li Auto has garnered a "Moderate Buy" designation, there are other stocks that some analysts believe represent better opportunities right now. It’s always valuable to research multiple options before making an investment decision to ensure you choose wisely.

LiAuto, Stocks, Investment