Hesai Group (NASDAQ:HSAI - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $5.15, but opened at $5.47. Hesai Group shares last traded at $5.38, with a volume of 285,499 shares changing hands.
Hesai Group Trading Up 2.1 %
The firm has a market cap of $668.18 million, a price-to-earnings ratio of -9.92 and a beta of 1.48. The business's 50 day moving average price is $4.84 and its 200-day moving average price is $6.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.92 and a current ratio of 3.29.
Hesai Group (NASDAQ:HSAI - Get Free Report) last issued its earnings results on Monday, March 11th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $79.04 million during the quarter. Hesai Group had a negative net margin of 25.38% and a negative return on equity of 10.93%. Equities analysts expect that Hesai Group will post -0.02 EPS for the current year.
Institutional Investors Weigh In On Hesai Group
Several institutional investors and hedge funds have recently bought and sold shares of HSAI. Prudential PLC raised its stake in Hesai Group by 1.9% during the third quarter. Prudential PLC now owns 590,677 shares of the company's stock worth $5,907,000 after acquiring an additional 11,119 shares during the period. Knollwood Investment Advisory LLC acquired a new stake in Hesai Group during the third quarter worth about $2,272,000. Covalis Capital LLP acquired a new stake in Hesai Group during the third quarter worth about $899,000. Lansdowne Partners UK LLP acquired a new stake in Hesai Group during the third quarter worth about $870,000. Finally, Schroder Investment Management Group raised its stake in Hesai Group by 11.0% during the third quarter. Schroder Investment Management Group now owns 584,517 shares of the company's stock worth $5,845,000 after acquiring an additional 57,954 shares during the period. Institutional investors and hedge funds own 48.53% of the company's stock.
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.
Featured Articles
Before you consider Hesai Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hesai Group wasn't on the list.
While Hesai Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
