Hesai Group (NASDAQ:HSAI - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $5.39, but opened at $5.19. Hesai Group shares last traded at $4.92, with a volume of 151,261 shares trading hands.
Hesai Group Stock Performance
The business has a 50 day moving average of $4.85 and a 200 day moving average of $6.68. The company has a market capitalization of $675.79 million, a P/E ratio of -10.04 and a beta of 1.48. The company has a quick ratio of 2.92, a current ratio of 3.29 and a debt-to-equity ratio of 0.07.
Hesai Group (NASDAQ:HSAI - Get Free Report) last announced its quarterly earnings results on Monday, March 11th. The company reported ($0.11) EPS for the quarter. Hesai Group had a negative net margin of 25.38% and a negative return on equity of 10.93%. The firm had revenue of $79.04 million for the quarter. On average, sell-side analysts predict that Hesai Group will post -0.02 earnings per share for the current year.
Institutional Investors Weigh In On Hesai Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in Hesai Group by 3.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,104,843 shares of the company's stock valued at $9,844,000 after purchasing an additional 38,234 shares during the period. Polunin Capital Partners Ltd purchased a new stake in Hesai Group during the first quarter valued at approximately $5,323,000. Prudential PLC raised its position in Hesai Group by 1.9% during the third quarter. Prudential PLC now owns 590,677 shares of the company's stock valued at $5,907,000 after purchasing an additional 11,119 shares during the period. Schroder Investment Management Group raised its position in Hesai Group by 11.0% during the third quarter. Schroder Investment Management Group now owns 584,517 shares of the company's stock valued at $5,845,000 after purchasing an additional 57,954 shares during the period. Finally, Knollwood Investment Advisory LLC purchased a new stake in Hesai Group during the third quarter valued at approximately $2,272,000. 48.53% of the stock is currently owned by hedge funds and other institutional investors.
Hesai Group Company Profile
(
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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