Hesai Group (NASDAQ:HSAI - Get Free Report)'s share price traded up 4.1% on Thursday . The company traded as high as $21.74 and last traded at $21.68. 963,423 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 2,729,810 shares. The stock had previously closed at $20.82.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Daiwa America upgraded Hesai Group to a "strong-buy" rating in a research report on Tuesday, March 11th. Daiwa Capital Markets initiated coverage on shares of Hesai Group in a report on Tuesday, March 11th. They set a "buy" rating and a $35.00 price objective for the company.
View Our Latest Stock Analysis on HSAI
Hesai Group Stock Down 1.1%
The firm has a market capitalization of $2.45 billion, a PE ratio of -42.39, a PEG ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.65 and a current ratio of 3.08. The company has a fifty day simple moving average of $16.36 and a two-hundred day simple moving average of $15.05.
Hesai Group (NASDAQ:HSAI - Get Free Report) last posted its quarterly earnings results on Monday, May 26th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.11. The business had revenue of $72.39 million during the quarter, compared to analyst estimates of $532.16 million. Hesai Group had a negative net margin of 20.31% and a negative return on equity of 6.79%. Analysts forecast that Hesai Group will post -0.14 EPS for the current fiscal year.
Institutional Trading of Hesai Group
A number of institutional investors have recently modified their holdings of HSAI. SBI Securities Co. Ltd. boosted its stake in Hesai Group by 138.6% in the first quarter. SBI Securities Co. Ltd. now owns 2,150 shares of the company's stock valued at $32,000 after acquiring an additional 1,249 shares in the last quarter. JTC Employer Solutions Trustee Ltd purchased a new position in Hesai Group during the 1st quarter worth $42,000. Russell Investments Group Ltd. acquired a new position in Hesai Group during the 1st quarter valued at about $150,000. Renaissance Technologies LLC acquired a new position in Hesai Group during the 4th quarter valued at about $138,000. Finally, Sovereign Financial Group Inc. purchased a new stake in Hesai Group in the first quarter valued at about $148,000. 48.53% of the stock is currently owned by institutional investors.
About Hesai Group
(
Get Free Report)
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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