LI Stock Summary and Trading Ideas (Li Auto - American Depositary Shares | NASDAQ:LI)

Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 376,000 NEVs in 2023, accounting for about 4% of China's passenger new energy vehicle market. Beyond Li One, the company expands its product line, including both BEVs and PHEVs, to target a broader consumer base.

Li Auto - American Depositary Shares trades on the NASDAQ stock market under the symbol LI.

As of May 7, 2024, LI stock price declined to $28.23 with 7,668,796 million shares trading.

LI has a beta of 1.07, meaning it tends to be more sensitive to market movements. LI has a correlation of 0.04 to the broad based SPY ETF.

LI has a market cap of $28.03 billion. This is considered a Large Cap stock.

Last quarter Li Auto - American Depositary Shares reported $6 billion in Revenue and $.30 earnings per share. This beat revenue expectation by $398 million and exceeded earnings estimates by $.01.

In the last 3 years, LI stock traded as high as $47.33 and as low as $12.52.

The top ETF exchange traded funds that LI belongs to (by Net Assets): AVEM, FTLS, SMOG, PGJ, AVES.

LI has underperformed the market in the last year with a return of +18.0%, while the SPY ETF gained +27.0%. In the last 3 month period, LI fell short of the market, returning -8.8%, while SPY returned +5.0%. However, in the most recent 2 weeks LI has outperformed the stock market by returning +13.3%, while SPY returned +3.5%.

LI support price is $27.86 and resistance is $30.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LI stock will trade within this expected range on the day.