Hesai Group (NASDAQ:HSAI - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $4.40, but opened at $4.55. Hesai Group shares last traded at $4.62, with a volume of 172,970 shares changing hands.
Hesai Group Price Performance
The company has a quick ratio of 2.92, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. The company has a market cap of $595.69 million, a price-to-earnings ratio of -8.95 and a beta of 1.72. The stock's 50-day simple moving average is $4.63 and its 200 day simple moving average is $7.01.
Hesai Group (NASDAQ:HSAI - Get Free Report) last issued its quarterly earnings results on Monday, March 11th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business 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%. On average, equities research analysts anticipate that Hesai Group will post -0.02 EPS for the current fiscal year.
Institutional Trading of Hesai Group
A number of institutional investors and hedge funds have recently bought and sold shares of HSAI. Psagot Value Holdings Ltd. Israel purchased a new stake in Hesai Group during the fourth quarter worth about $25,000. China Universal Asset Management Co. Ltd. purchased a new stake in Hesai Group during the fourth quarter worth about $178,000. Nomura Holdings Inc. purchased a new stake in shares of Hesai Group during the fourth quarter worth approximately $590,000. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Hesai Group during the fourth quarter worth approximately $774,000. Finally, Lansdowne Partners UK LLP purchased a new stake in shares of Hesai Group during the third quarter worth approximately $870,000. 48.53% of the stock is currently owned by hedge funds and other 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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