Li Auto Inc. Sponsored ADR (LI) closed the most recent trading day at $24.20, moving -5.43% from the previous trading session. This change lagged the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 1.21%.
Heading into today, shares of the company had lost 5.15% over the past month, lagging the Auto-Tires-Trucks sector's loss of 1.53% and the S&P 500's gain of 0.47%.
Investors will be eagerly watching for the performance of Li Auto Inc. Sponsored ADR in its upcoming earnings disclosure.
LI's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $21.82 billion. These results would represent year-over-year changes of -9.42% and +8.63%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Li Auto Inc Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.24% downward. Li Auto Inc. Sponsored ADR presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Li Auto Inc. Sponsored ADR currently has a Forward P/E ratio of 20.41. This valuation marks a premium compared to its industry average Forward P/E of 10.08.
Investors should also note that LI has a PEG ratio of 1.07 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Automotive - Foreign stocks are, on average, holding a PEG ratio of 1.09 based on yesterday's closing prices.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 183, which puts it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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