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Li Auto Inc. Sponsored ADR (LI) Stock Sinks As Market Gains: Here's Why
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In the latest trading session, Li Auto Inc. Sponsored ADR (LI - Free Report) closed at $23.75, marking a -4.62% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.03% for the day. Elsewhere, the Dow saw a downswing of 0.03%, while the tech-heavy Nasdaq depreciated by 0.01%.
Prior to today's trading, shares of the company had lost 15.31% lagged the Auto-Tires-Trucks sector's gain of 7% and the S&P 500's gain of 3.46%.
The investment community will be closely monitoring the performance of Li Auto Inc. Sponsored ADR in its forthcoming earnings report.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.22 per share and revenue of $21.82 billion. These totals would mark changes of -11.59% and +8.63%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Li Auto Inc Sponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 5.88% decrease. Li Auto Inc. Sponsored ADR presently features a Zacks Rank of #4 (Sell).
Looking at its valuation, Li Auto Inc. Sponsored ADR is holding a Forward P/E ratio of 20.48. This denotes a premium relative to the industry average Forward P/E of 10.6.
We can additionally observe that LI currently boasts a PEG ratio of 1.41. 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. The average PEG ratio for the Automotive - Foreign industry stood at 1.34 at the close of the market yesterday.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 208, placing it within the bottom 16% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Li Auto Inc. Sponsored ADR (LI) Stock Sinks As Market Gains: Here's Why
In the latest trading session, Li Auto Inc. Sponsored ADR (LI - Free Report) closed at $23.75, marking a -4.62% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.03% for the day. Elsewhere, the Dow saw a downswing of 0.03%, while the tech-heavy Nasdaq depreciated by 0.01%.
Prior to today's trading, shares of the company had lost 15.31% lagged the Auto-Tires-Trucks sector's gain of 7% and the S&P 500's gain of 3.46%.
The investment community will be closely monitoring the performance of Li Auto Inc. Sponsored ADR in its forthcoming earnings report.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.22 per share and revenue of $21.82 billion. These totals would mark changes of -11.59% and +8.63%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Li Auto Inc Sponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 5.88% decrease. Li Auto Inc. Sponsored ADR presently features a Zacks Rank of #4 (Sell).
Looking at its valuation, Li Auto Inc. Sponsored ADR is holding a Forward P/E ratio of 20.48. This denotes a premium relative to the industry average Forward P/E of 10.6.
We can additionally observe that LI currently boasts a PEG ratio of 1.41. 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. The average PEG ratio for the Automotive - Foreign industry stood at 1.34 at the close of the market yesterday.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 208, placing it within the bottom 16% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.