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Li Auto Inc. Sponsored ADR (LI) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Li Auto Inc. Sponsored ADR (LI - Free Report) closed at $18.16, marking a -0.82% move from the previous day. This move lagged the S&P 500's daily gain of 0.96%. At the same time, the Dow added 1.31%, and the tech-heavy Nasdaq lost 0.11%.
Coming into today, shares of the company had lost 6.44% in the past month. In that same time, the Auto-Tires-Trucks sector lost 8.27%, while the S&P 500 lost 0.41%.
Wall Street will be looking for positivity from Li Auto Inc. Sponsored ADR as it approaches its next earnings report date.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.28 per share and revenue of $7.04 billion. These totals would mark changes of -315.38% and +67.64%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Li Auto Inc. Sponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 past month, the Zacks Consensus EPS estimate has moved 3.45% higher. Li Auto Inc. Sponsored ADR is currently a Zacks Rank #3 (Hold).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 133, which puts it in the bottom 48% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
To follow LI in the coming trading sessions, be sure to utilize Zacks.com.
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Li Auto Inc. Sponsored ADR (LI) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Li Auto Inc. Sponsored ADR (LI - Free Report) closed at $18.16, marking a -0.82% move from the previous day. This move lagged the S&P 500's daily gain of 0.96%. At the same time, the Dow added 1.31%, and the tech-heavy Nasdaq lost 0.11%.
Coming into today, shares of the company had lost 6.44% in the past month. In that same time, the Auto-Tires-Trucks sector lost 8.27%, while the S&P 500 lost 0.41%.
Wall Street will be looking for positivity from Li Auto Inc. Sponsored ADR as it approaches its next earnings report date.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.28 per share and revenue of $7.04 billion. These totals would mark changes of -315.38% and +67.64%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Li Auto Inc. Sponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 past month, the Zacks Consensus EPS estimate has moved 3.45% higher. Li Auto Inc. Sponsored ADR is currently a Zacks Rank #3 (Hold).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 133, which puts it in the bottom 48% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
To follow LI in the coming trading sessions, be sure to utilize Zacks.com.