Li Auto (NASDAQ:LI) Issues Earnings Results

Li Auto (NASDAQ:LI) posted its quarterly earnings data on Friday. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.01), reports. The business had revenue of $369.80 million during the quarter.

Shares of LI stock opened at $31.20 on Monday. The firm has a fifty day simple moving average of $20.05. Li Auto has a fifty-two week low of $14.31 and a fifty-two week high of $40.81.

A number of equities analysts have commented on LI shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on Li Auto in a research note on Wednesday, November 4th. They set a “neutral” rating and a $27.00 price objective on the stock. ValuEngine raised Li Auto from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Finally, Smith Barney Citigroup began coverage on Li Auto in a report on Wednesday, November 4th. They issued a “neutral” rating and a $27.00 target price on the stock.

Li Auto Company Profile

Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. It offers Li ONE, a six-seat electric SUV that equipped with a range of extension system and cutting-edge smart vehicle solutions. The company was formerly known as Leading Ideal Inc and changed its name to Li Auto Inc in July 2020.

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