Hesai Group Sponsored ADR (NASDAQ:HSAI - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $24.63 and last traded at $24.24, with a volume of 624729 shares trading hands. The stock had previously closed at $23.66.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group started coverage on shares of Hesai Group in a report on Monday, June 9th. They set a "buy" rating and a $29.30 price target on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $24.43.
Read Our Latest Stock Report on HSAI
Hesai Group Stock Performance
The business's fifty day moving average price is $20.11 and its 200-day moving average price is $17.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.62 and a current ratio of 4.06. The stock has a market cap of $2.86 billion, a PE ratio of -727.67 and a beta of 1.14.
Hesai Group (NASDAQ:HSAI - Get Free Report) last posted its quarterly earnings data on Monday, May 26th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.11. The company had revenue of $72.39 million for the quarter, compared to the consensus estimate of $532.16 million. Hesai Group had a negative net margin of 0.72% and a positive return on equity of 1.00%. As a group, equities research analysts forecast that Hesai Group Sponsored ADR will post -0.14 EPS for the current fiscal year.
Hedge Funds Weigh In On Hesai Group
Institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. boosted its holdings in shares of Hesai Group by 138.6% in the first quarter. SBI Securities Co. Ltd. now owns 2,150 shares of the company's stock worth $32,000 after buying an additional 1,249 shares during the last quarter. JTC Employer Solutions Trustee Ltd purchased a new position in shares of Hesai Group in the first quarter worth approximately $42,000. Russell Investments Group Ltd. purchased a new position in shares of Hesai Group in the first quarter worth approximately $150,000. Renaissance Technologies LLC bought a new stake in Hesai Group during the 4th quarter worth approximately $138,000. Finally, Sovereign Financial Group Inc. bought a new stake in Hesai Group during the 1st quarter worth approximately $148,000. Hedge funds and other institutional investors own 48.53% of the company's stock.
Hesai Group Company Profile
(
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Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.
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