Li Auto Stock Price Analysis:
The average 12-month analyst Li Auto stock price target is USD 34.75, according to 5 analysts’ predictions for the company’s shares. The majority of analysts give Li Auto Inc. a Strong Buy rating.
Li Auto Inc.’s stock analysis by Stock Target Advisor is Slightly Bullish and is based on 10 positive and 5 negative indications. Li Auto stock price was USD 24.10 at the most recent closing.
The stock price of Li Auto Inc has changed by +13.15% in the last week, +30.48% in the last month, and -23.71% in the last year.
Li Auto Stock Price-News:
China’s Li Auto Inc. (LI:NSD) reported a larger quarterly loss than anticipated after power outages in a crucial manufacturing area caused a lack of parts, which reduced output. At the same time, the switch to new models harmed sales of older electric vehicles.
According to a statement released on Friday, Li’s net loss increased to 1.65 billion yuan ($237 million) in the three months that ended in September from a loss of 21.5 million yuan a year earlier. According to information gathered by Bloomberg, analysts had anticipated a loss of 815 million yuan on average
We will achieve more economies of scale and significantly drive down costs, putting us back on track, said Chief Financial Officer Li Tie in the statement. “With speedy production ramp-up, rigorous execution, and smart cost management.” According to him, the company’s Li ONE vehicle-related provision caused the gross margin to decrease to 12.7%.
Li Auto, which is listed in Hong Kong and the US, shipped 26,524 vehicles last quarter, falling short of the August expectation of 27,000–29,000 vehicles.
In the third quarter, revenue increased 20% to 9.34 billion yuan, topping the Beijing-based company’s earlier projection of 8.96 billion yuan but falling short of analysts’ expectations of 9.6 billion yuan. It projects fourth-quarter sales of between 16.5 billion yuan and 17.6 billion yuan.
In Sichuan province, which saw its worst drought in more than 50 years in the summer, Li Auto was one of the automakers that were most negatively impacted by power outages. August deliveries were only 4,571 automobiles due to the forced shutdown of some plants.
Kevin Shen, president, and director of the company has left to “devote more time to his personal issues,” according to a second statement from the company, and Chief Engineer Donghui Ma will take over as of January 1.
With the debut of two new models, including the L8 SUV, Li Auto predicted that fourth-quarter deliveries will increase to between 45,000 and 48,000 vehicles. November deliveries increased to a record 15,034 EVs.
The company’s US-listed shares increased 6.7% on Thursday, bringing its annual loss to 25%. On Friday, the stock rose 1% in Hong Kong.
Fundamental Analysis Score:
The fundamental analysis of Li Auto stock price scores 6.7 out of 10, which means the stock is quite Bullish.
About Li Auto Inc. (LI:NSD):
In the People’s Republic of China, Li Auto Inc. designs, develops, produces, and sells new energy cars through its subsidiaries.
The firm sells the Li ONE, a six-seat smart electric sport utility vehicle featuring ADAS navigation, automatic emergency braking, and smart vehicle solutions.
Additionally, it provides services for technology development, corporate administration, sales and after-sales management, and purchases of production equipment.
In July 2020, the business changed its name from Leading Ideal Inc. to Li Auto Inc. Beijing, China serves as the company’s headquarters. Li Auto Inc. was established in 2015.