Hesai Group (NASDAQ:HSAI - Get Free Report) posted its earnings results on Monday. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.11, Zacks reports. The business had revenue of $72.39 million during the quarter, compared to analysts' expectations of $532.16 million. Hesai Group had a negative return on equity of 6.79% and a negative net margin of 20.31%.
Hesai Group Stock Down 7.3%
Hesai Group stock traded down $1.48 during mid-day trading on Friday, hitting $18.68. The company had a trading volume of 5,088,777 shares, compared to its average volume of 2,776,643. Hesai Group has a 12 month low of $3.52 and a 12 month high of $24.18. The company has a market capitalization of $2.45 billion, a PE ratio of -42.45, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The stock's 50 day moving average price is $16.36 and its two-hundred day moving average price is $14.97. The company has a current ratio of 3.08, a quick ratio of 2.65 and a debt-to-equity ratio of 0.08.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. Daiwa America upgraded Hesai Group to a "strong-buy" rating in a research report on Tuesday, March 11th. Daiwa Capital Markets started coverage on shares of Hesai Group in a research report on Tuesday, March 11th. They set a "buy" rating and a $35.00 price target for the company.
Get Our Latest Analysis on Hesai Group
Hedge Funds Weigh In On Hesai Group
A hedge fund recently raised its stake in Hesai Group stock. Goldman Sachs Group Inc. grew its position in shares of Hesai Group (NASDAQ:HSAI - Free Report) by 345.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,239,625 shares of the company's stock after buying an additional 961,493 shares during the quarter. Goldman Sachs Group Inc. owned 0.95% of Hesai Group worth $18,346,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 48.53% of the company's stock.
About Hesai Group
(
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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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