Hesai Group Sponsored ADR (NASDAQ:HSAI - Get Free Report) shares rose 6.9% during mid-day trading on Friday . The stock traded as high as $21.44 and last traded at $21.45. Approximately 2,369,608 shares changed hands during trading, a decline of 47% from the average daily volume of 4,478,844 shares. The stock had previously closed at $20.06.
Analyst Ratings Changes
Separately, Jefferies Financial Group initiated coverage on shares of Hesai Group in a report on Monday, June 9th. They issued a "buy" rating and a $29.30 price objective for the company. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Hesai Group has a consensus rating of "Buy" and a consensus target price of $24.43.
View Our Latest Stock Report on Hesai Group
Hesai Group Price Performance
The company has a debt-to-equity ratio of 0.09, a current ratio of 4.06 and a quick ratio of 3.62. The company has a fifty day moving average of $20.41 and a 200-day moving average of $17.70. The firm has a market cap of $2.85 billion, a P/E ratio of -725.00 and a beta of 1.14.
Hesai Group (NASDAQ:HSAI - Get Free Report) last issued its quarterly earnings results on Monday, May 26th. The company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.11. The firm had revenue of $72.39 million for the quarter, compared to analysts' expectations of $532.16 million. Hesai Group had a positive return on equity of 1.00% and a negative net margin of 0.72%. On average, sell-side analysts anticipate that Hesai Group Sponsored ADR will post -0.14 EPS for the current fiscal year.
Institutional Trading of Hesai Group
A number of large investors have recently modified their holdings of HSAI. Lightspeed Management Company L.L.C. bought a new stake in shares of Hesai Group during the 4th quarter valued at about $110,560,000. Robert Bosch GmbH purchased a new position in shares of Hesai Group during the 4th quarter valued at about $105,768,000. Citigroup Inc. raised its holdings in shares of Hesai Group by 1,258.8% during the 1st quarter. Citigroup Inc. now owns 2,774,536 shares of the company's stock valued at $41,063,000 after buying an additional 2,570,347 shares in the last quarter. Vanguard Group Inc. purchased a new position in shares of Hesai Group during the 1st quarter valued at about $25,997,000. Finally, Allianz Asset Management GmbH purchased a new position in shares of Hesai Group during the 1st quarter valued at about $16,696,000. 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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