Hesai Group (NASDAQ:HSAI - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $4.11, but opened at $4.21. Hesai Group shares last traded at $4.23, with a volume of 127,568 shares trading hands.
Hesai Group Price Performance
The company has a 50 day moving average of $4.57 and a 200 day moving average of $7.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.92 and a current ratio of 3.29. The stock has a market capitalization of $540.45 million, a price-to-earnings ratio of -8.09 and a beta of 1.75.
Hesai Group (NASDAQ:HSAI - Get Free Report) last announced its quarterly earnings data on Monday, March 11th. The company reported ($0.11) EPS for the quarter. The company had revenue of $79.04 million for the quarter. Hesai Group had a negative return on equity of 10.93% and a negative net margin of 25.38%. As a group, equities research analysts anticipate that Hesai Group will post -0.02 EPS for the current year.
Institutional Investors Weigh In On Hesai Group
A number of hedge funds and other institutional investors have recently modified their holdings of HSAI. Psagot Value Holdings Ltd. Israel purchased a new position in Hesai Group in the fourth quarter valued at $25,000. US Bancorp DE acquired a new position in shares of Hesai Group during the 4th quarter worth about $32,000. JPMorgan Chase & Co. purchased a new position in shares of Hesai Group in the 1st quarter valued at about $68,000. UBS Group AG purchased a new position in shares of Hesai Group in the 1st quarter valued at about $78,000. Finally, Barclays PLC acquired a new stake in shares of Hesai Group during the 1st quarter worth about $110,000. 48.53% of the stock is currently owned by institutional investors and hedge funds.
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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