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Li Auto Inc. Sponsored ADR (LI) Stock Drops Despite Market Gains: Important Facts to Note
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Li Auto Inc. Sponsored ADR (LI - Free Report) ended the recent trading session at $29.59, demonstrating a -2.73% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.07%. Elsewhere, the Dow saw a downswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.18%.
Prior to today's trading, shares of the company had gained 8.22% outpaced the Auto-Tires-Trucks sector's gain of 2.96% and the S&P 500's gain of 5.71%.
The upcoming earnings release of Li Auto Inc. Sponsored ADR will be of great interest to investors.
LI's full-year Zacks Consensus Estimates are calling for earnings of $1.29 per share and revenue of $22 billion. These results would represent year-over-year changes of -6.52% and +9.54%, respectively.
Investors might also notice recent changes to analyst estimates for Li Auto Inc Sponsored ADR. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.31% downward. Li Auto Inc. Sponsored ADR is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Li Auto Inc. Sponsored ADR has a Forward P/E ratio of 23.55 right now. This valuation marks a premium compared to its industry average Forward P/E of 10.47.
We can also see that LI currently has a PEG ratio of 1.24. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Automotive - Foreign industry was having an average PEG ratio of 1.1.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 228, putting it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Li Auto Inc. Sponsored ADR (LI) Stock Drops Despite Market Gains: Important Facts to Note
Li Auto Inc. Sponsored ADR (LI - Free Report) ended the recent trading session at $29.59, demonstrating a -2.73% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.07%. Elsewhere, the Dow saw a downswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.18%.
Prior to today's trading, shares of the company had gained 8.22% outpaced the Auto-Tires-Trucks sector's gain of 2.96% and the S&P 500's gain of 5.71%.
The upcoming earnings release of Li Auto Inc. Sponsored ADR will be of great interest to investors.
LI's full-year Zacks Consensus Estimates are calling for earnings of $1.29 per share and revenue of $22 billion. These results would represent year-over-year changes of -6.52% and +9.54%, respectively.
Investors might also notice recent changes to analyst estimates for Li Auto Inc Sponsored ADR. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.31% downward. Li Auto Inc. Sponsored ADR is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Li Auto Inc. Sponsored ADR has a Forward P/E ratio of 23.55 right now. This valuation marks a premium compared to its industry average Forward P/E of 10.47.
We can also see that LI currently has a PEG ratio of 1.24. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Automotive - Foreign industry was having an average PEG ratio of 1.1.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 228, putting it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.