$Li Auto(LI)$ Li Auto stock is-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Li Auto stock is trying to recover after a volatile year. Li Auto (LI) and other China EV stocks are showing tremendous sales growth, and Li is starting to show profitability. After a rough 2022, production is rebounding with a new model on tap. Is Li Auto stock a buy now?

Founded in 2015, the Beijing-based company competes directly with Tesla (TSLA) and Nio (NIO) in the high-end EV market. The company debuted its first model, an electric hybrid SUV called the Li ONE, in December 2019. That vehicle carries a price tag ranging from $29,000 to $76,000 and was one of China's top-10 sellers across all fuel types in 2020.

Covid shutdowns hit production, logistics and demand for Li Auto and other EV makers last year. Production recovered as Shanghai largely ended its lockdowns on June 1.

Turning Profitable

Li Auto stock has yet to show investors it can be consistently profitable.

And even though Li is seeing strong vehicle deliveries, it's competing not only against Tesla and China EV peers, but also established U.S. automakers like Ford (F) and General Motors (GM) as well as Volkswagen (VW) as they enter the China EV market.

If you're thinking about buying shares of Li Auto stock, it's key to analyze the fundamental and technical picture first.

LI Stock Technical Analysis

LI stock is on the move after a rocky year. Shares shed roughly 70% of their value in the second half of 2022, falling from a June high of 41.49 to a low of 12.52 in mid-October.

Li Auto fell along with other Chinese stocks after being hit with a triple whammy of regulation fears, a Covid resurgence and concerns over Beijing's close relationship with Russia.

But since hitting bear market lows, Li Auto stock is making a comeback. The stock has gained nearly 30% so far in 2023 and has moved above its 10-week moving average. The next hurdle for LI stock would be a move about its 40-week line. That area has acted a level of resistance for the Chinese automaker.

LI Stock: A Buy Right Now?

Li Auto stock has been moving higher after a prolonged downtrend. As for fundamentals, Li Auto sales have seen strong growth over the last few quarters. Electric cars remain a compelling growth story.

Bottom line: Li Auto stock is not a buy.

DYODD

Modified in.2023-05-05

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

piscesjamz
2023-05-03
piscesjamz
Great ariticle, would you like to share it?
CHUMOI
2023-05-03
CHUMOI
Ok
henghm
2023-05-03
henghm
like
nsk
2023-05-03
nsk
great
Kk Trader
2023-05-02
Kk Trader
x
MeowKitty
2023-05-02
MeowKitty
Ok
- Bunifa Latif:
  Yes

Leave a comment

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Production recovered as Shanghai largely ended its lockdowns on June 1. Turning Profitable Li Auto stock has yet to show investors it can be consistently profitable. And even though Li is seeing strong vehicle deliveries, it's competing not only against Tesla and China EV peers, but also established U.S. automakers like Ford (F) and General Motors (GM) as well as Volkswagen (VW) as they enter the China EV market. If you're thinking about buying shares of Li Auto stock, it's key to analyze the fundamental and technical picture first. LI Stock Technical Analysis LI stock is on the move after a rocky year. Shares shed roughly 70% of their value in the second half of 2022, falling from a June high of 41.49 to a low of 12.52 in mid-October. Li Auto fell along with other Chinese stocks after being hit with a triple whammy of regulation fears, a Covid resurgence and concerns over Beijing's close relationship with Russia. But since hitting bear market lows, Li Auto stock is making a comeback. The stock has gained nearly 30% so far in 2023 and has moved above its 10-week moving average. The next hurdle for LI stock would be a move about its 40-week line. That area has acted a level of resistance for the Chinese automaker. LI Stock: A Buy Right Now? Li Auto stock has been moving higher after a prolonged downtrend. As for fundamentals, Li Auto sales have seen strong growth over the last few quarters. Electric cars remain a compelling growth story. Bottom line: Li Auto stock is not a buy. @TigerStars 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