Li Auto Inc (NASDAQ: LI), is a Chinese electric vehicle (EV) manufacturer, having a market cap of neary $33.57 Billion. The revenue last year amounted to $6.56 Billion, while most of which (almost $6.55 Billion) came from its highest performing source at the moment, Vehicle. The greatest contribution to the revenue figure was made by China, as last year it brought the company $6.73 Billion.
The company’s EPS for the last quarter is $0.20, whereas the estimation was $0.05, which accounts for a 272.85% surprise. Meanwhile, the revenue for the same period amounts to $2.73 Billion despite the estimated figure of $2.75 Billion. The estimated EPS for the next quarter is $0.21, and revenue is expected to reach $3.40 Billion.
The major shareholders of Li Auto Inc. are from institutions having nearly 18% of company shares. Meanwhile, FMR, LLC, Aspex Management (HK) Ltd, and Renaissance Technologies, LLC are the top-3 institutional holders of the company, as per the data sourced from Yahoo Finance, a U.S.-based business news platform.
LI Stock Price Analysis
On the Friday, June 16th, trading session, LI stock price closed at $34.41, while the opening price of stock was at $34.70, high was at $34.85, while low was at $34.10. Meanwhile, in the past 5-days the stock added nearly $3 and rose almost 11%. The year-to-date (YTD) price surge was almost 64% as the stock price added almost $13.
As the above price chart shows, the stock price surpassed the 20-day EMA and in the previous trading session due to the bear’s dominance, the decline was 0.15%. The RSI further showed a bullish surge that took the stock in the overbought zone.
When Li Auto reported its earnings and revenue for the first quarter of this year, the stock price started following a bullish trend.
The bull cycle took the stock price to surpass the 200-day moving average. As most of the time, bulls have shown their potential which eventually supported the stock price to follow the upside track.
As per analysts analysis, their one year price target is $37.91 which shows more than a 10% increase from the recent closing price. The maximum estimate is at $58.27, while the minimum estimate is at $27.19.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/06/19/will-li-stock-price-continue-its-bullish-surge-on-monday/