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Li Auto Inc. Sponsored ADR (LI) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research
·2 min read

In the latest trading session, Li Auto Inc. Sponsored ADR (LI) closed at $31.74, marking a +1.76% move from the previous day. This change outpaced the S&P 500's 0.17% gain on the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.44%.

Heading into today, shares of the company had lost 8.93% over the past month, lagging the Auto-Tires-Trucks sector's gain of 18.58% and the S&P 500's gain of 3.19% in that time.

Investors will be hoping for strength from Li Auto Inc. Sponsored ADR as it approaches its next earnings release, which is expected to be November 29, 2021.

LI's full-year Zacks Consensus Estimates are calling for earnings of -$0.20 per share and revenue of $3.79 billion. These results would represent year-over-year changes of -100% and +161.69%, respectively.

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Investors might also notice recent changes to analyst estimates for Li Auto Inc. Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 116.67% lower within the past month. Li Auto Inc. Sponsored ADR currently has a Zacks Rank of #4 (Sell).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 215, which puts it in the bottom 16% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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Zacks Investment Research