Li Auto (LI) Expected to Announce Quarterly Earnings on Monday

Li Auto (NASDAQ:LI) is anticipated to announce its earnings results before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of $2.84 per share and revenue of $5.90 billion for the quarter.

Li Auto Stock Up 4.1 %

Shares of NASDAQ:LI opened at $27.46 on Friday. The company has a market capitalization of $29.14 billion, a PE ratio of 20.34, a P/E/G ratio of 3.28 and a beta of 0.92. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. Li Auto has a twelve month low of $17.44 and a twelve month high of $46.44. The firm has a 50 day simple moving average of $24.00 and a 200-day simple moving average of $23.40.

Analysts Set New Price Targets

A number of brokerages have recently commented on LI. Barclays lifted their target price on shares of Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Macquarie raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.77.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.