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 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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