LI AUTO (LI)

What is LI AUTO (LI)?

Li Auto Inc., is a company engaged through its subsidiaries in designing, developing, manufacturing and selling intelligent electric sport utility vehicles (SUVs) in China. The company was formerly known as Leading Ideal Inc. and changed its name to Li Auto Inc. in July 2020. Li Auto Inc. was founded in 2015 and is headquartered in Beijing, China.

LI is it a good pick?

Li Auto delivered 12,268 vehicles, marking a 128% increase year over year. Li Auto On November 29th published revenue was $7.78B, these were higher than the forecast of 7.26B. and the following results are expected on February 24th with an income of 9.66B.

Technical analysis

From Dec 21st to Jan 28th the share dropped -25.38% to a price of $22.20. From Jan 28th to Feb 16th the share price went up 35.17% to a price of $30.13. The MACD shows that the stock is going up and the RSI was in the neutral zone and started to rise, therefore then the stock price could go up around 4.54% to a price of $31.50.