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 November 21, 2024, LI stock price declined to $22.60 with 3,803,634 million shares trading.

LI has a beta of 0.93, meaning it tends to be less sensitive to market movements. LI has a correlation of 0.03 to the broad based SPY ETF.

LI has a market cap of $23.98 billion. This is considered a Large Cap stock.

Last quarter Li Auto - American Depositary Shares reported $6 billion in Revenue and $.52 earnings per share. This beat revenue expectation by $270 million and exceeded earnings estimates by $.20.

In the last 3 years, LI 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, SMOG, PGJ, AVES, ECOW.

LI has underperformed the market in the last year with a price return of -46.6% while the SPY ETF gained +32.2%. However, in the short term, LI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.3% vs +6.6% return in SPY. But in the last 2 weeks, LI shares have been beat by the market, returning -8.5% compared to an SPY return of +0.4%.

LI support price is $22.03 and resistance is $23.53 (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 shares will trade within this expected range on the day.