Li Auto Inc is losing momentum Tuesday, decreasing 0.45%. Overall market sentiment has been high on Li Auto Inc (LI) stock lately. LI receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Li Auto Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LI!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With LI Stock Today?
Li Auto Inc (LI) stock is trading at $26.27 as of 11:03 AM on Tuesday, Sep 27, a drop of -$0.12, or -0.45% from the previous closing price of $26.39. Volume today is light. So far 5,375,402 shares have traded compared to average volume of 8,665,067 shares. The stock has traded between $26.11 and $27.00 so far today.
More About Li Auto Inc
Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 90,000 EVs in 2021, accounting for about 2.7% of China's passenger new energy vehicle market. Beyond Li One, the company will expand its product line, including both BEVs and PHEVs, to target a broader consumer base.
Click Here to get the full Stock Report for Li Auto Inc stock.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
