Li Auto (NASDAQ:LI) Sees Significant Trading Volume - Is It Time to Invest?

Li Auto Inc. (NASDAQ:LI) recently experienced a remarkable spike in trading volume. On Friday, around 5,836,405 shares were exchanged, marking a 29% increase from the previous day's volume of 4,522,601 shares. The stock's last traded price was $28.02, up from its previous close of $26.37.

Analyst Insights and Ratings

Several research firms have analyzed Li Auto’s stock. Barclays raised its price target from $22.00 to $31.00 and assigned an "equal weight" rating in a report published on November 4th. In another report, Macquarie upgraded Li Auto from a "neutral" to an "outperform" rating. Currently, there are three analysts with a hold rating and three who have given the stock a buy rating. MarketBeat.com indicates that Li Auto holds a consensus rating of "Moderate Buy" with an average price target of $32.77.

Performance Metrics of Li Auto

The company's fifty-day moving average is $23.90, whereas its two-hundred-day moving average is $23.34. Li Auto maintains a debt-to-equity ratio of 0.13, a current ratio of 1.76, and a quick ratio of 1.64. The firm boasts a market capitalization of $29.24 billion, a price-to-earnings (P/E) ratio of 20.42, a price-to-earnings-to-growth (P/E/G) ratio of 3.28, and a beta of 0.92.

Institutional Investment Patterns

Recent trading activity among institutional investors has seen significant movements. Mirae Asset Global Investments Co. Ltd. increased its stake in Li Auto by a staggering 2,556.7% in the third quarter, now owning 3,630,537 shares valued at approximately $93.5 million. Meanwhile, Connor Clark & Lunn Investment Management Ltd. raised its position by 27.7%, acquiring 93,904 additional shares. Other notable investors include Atomi Financial Group Inc., which entered a new position in the fourth quarter, and Barclays PLC, which boosted its stake by 41.8% during the same period. Overall, institutional investors collectively hold 9.88% of Li Auto's shares.

About Li Auto

Li Auto Inc. operates within the electric vehicle market in China, focusing on the design, development, manufacturing, and sale of premium smart electric vehicles. Its product offerings include multi-purpose vehicles (MPVs) and sport utility vehicles (SUVs), along with services related to sales, after-sales management, technology development, and corporate management.

Should You Consider Investing in Li Auto?

Before making any investment decisions regarding Li Auto, potential investors should consider that while the stock has a current "Moderate Buy" rating from analysts, there are other stocks that analysts believe may present better investment opportunities. Understanding market sentiments and expert opinions can help investors make informed decisions.

Stocks, Investment, Market