Analysts reviewing POWW stock forecast emphasize correlation with commodity metal prices, as copper and lead cost stabilization in 2024 could improve production margins. Immediate technical support rests at $2.60. Li Auto (NYSE: LI ) has excelled in recent quarters, performing even better than my previous optimistic expectations. The Chinese electric vehicle maker just reported fourth-quarter revenue that doubled year-over-year to $5.8 billion. The company delivered nearly three times as many vehicles versus last year, mainly led by surging demand for Li Auto’s large, premium SUVs. Quarterly profit also doubled year-over-year, capping a standout 2023, where Li Auto generated its first-ever annual profit. On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Institutional ownership uptick strengthens prospects for a 12% price appreciation over the next quarter.