On March 4, 2024, financial analyst Ming Hsun Lee from B of A Securities reiterated a positive outlook on Li Auto (NASDAQ: LI), raising the price target to $60 from $57. This adjustment is in line with other analysts’ predictions, including Credit Suisse, which also increased their price target to $48. The consensus among 24 analysts suggests a mean target price of 410.8 CNY, representing a +31.08% potential upside. Ji Shi from CMB International Securities also maintained a Buy rating on Li Auto with a price target of $48. Overall, the average 12-month price forecast for Li Auto stock is approximately 49.46, with a high estimate of 60.
[bs_slider_forecast ticker=”LI”]
LI Stock Price Drops 5.10% on March 4, 2024: What Investors Need to Know
On March 4, 2024, LI stock experienced a significant drop in its price performance. According to data from CNN Money, LI is currently trading near the top of its 52-week range and above its 200-day simple moving average, indicating a strong position in the market. However, on this particular day, the stock saw a decrease of $2.34 since the market last closed, resulting in a 5.10% drop in its price.
As of the last close, LI was priced at $43.54 per share. In pre-market trading, the stock continued to decline, dropping an additional $3.10. This further decline in price indicates a continued downward trend for LI stock on March 4th.
Investors and analysts may be monitoring LI closely to understand the factors contributing to this sudden drop in price. It is essential to consider the overall market conditions, company news, and industry trends when analyzing stock performance. Additionally, investors may want to assess their investment strategies and risk tolerance in light of these price movements.
As with any investment, it is crucial to conduct thorough research and consider all relevant factors before making any decisions. While LI may have experienced a drop in price on March 4th, it is essential to take a long-term perspective and consider the company’s fundamentals and growth potential before making any investment decisions.
LI Auto Inc. Reports Impressive Financial Performance with 159.92% Increase in Total Revenue
On March 4, 2024, LI Auto Inc. (LI) saw impressive financial performance with total revenue of $17.48 billion over the past year, marking a significant increase of 159.92% compared to the previous year. Net income for LI Auto Inc. also showed remarkable growth, with a reported $1.65 billion over the past year, reflecting an increase of 652.81% since the previous year. Earnings per share (EPS) for LI Auto Inc. stood at $1.57 over the past year, showing a substantial increase of 608.83% compared to the previous year. Overall, LI Auto Inc. demonstrated strong financial performance with significant growth in total revenue, net income, and earnings per share over the past year. Investors may view these positive financial indicators as a sign of the company’s solid financial health and potential for future growth. LI Auto Inc.’s stock performance may have been positively influenced by the strong financial results reported for the past year. Investors and shareholders may have reacted positively to the company’s growth trajectory and financial stability, potentially leading to an increase in the stock price.
[stock_market_chart symbol=”LI” range=”3mo” interval=”1d” settings='{“primaryChartType”:”smoothedLine”,”secondaryChartType”:”column”,”width”:”100%”,”height”:”500px”,”marginTop”:0,”marginBottom”:0,”marginLeft”:10,”marginRight”:10,”primaryPanelTitle”:”Price”,”secondaryPanelTitle”:”Volume”,”fontSize”:14,”color”:”#383838″,”primaryLineColor”:”#5679ff”,”primaryLineColorAlpha”:0.15,”secondaryLineColor”:”#5679ff”,”secondaryLineColorAlpha”:0.15,”backgroundColor”:”#fff”,”gridColor”:”#e0e0e0″,”gridAlpha”:0.8,”cursorColor”:”#020202″,”cursorAlpha”:0.8,”scrollbarBackgroundColor”:”#e8e8e8″,”scrollbarSelectedBackgroundColor”:”#f7f7f7″,”scrollbarGraphFillColor”:”#435dc2″,”scrollbarSelectedGraphFillColor”:”#92a8fc”,”primaryLineThickness”:2,”secondaryLineThickness”:1,”gridThickness”:1,”precision”:2,”thousandsSeparator”:”,”,”decimalSeparator”:”.”,”usePrefixes”:false,”searchMode”:”search”,”mouseWheelZoomEnabled”:false,”cursorEnabled”:true,”exportEnabled”:true,”scrollbarEnabled”:true,”legendEnabled”:true,”periods”:”1D,1M,YTD,ALL”,”defaultPeriod”:”1M”}’]
