Hesai Group (NASDAQ:HSAI - Get Free Report)'s share price traded up 4.6% during trading on Monday . The stock traded as high as $5.26 and last traded at $5.22. 138,140 shares were traded during trading, a decline of 84% from the average session volume of 872,385 shares. The stock had previously closed at $4.99.
Hesai Group Price Performance
The company has a 50 day moving average of $4.60 and a 200-day moving average of $7.63. The stock has a market capitalization of $621.42 million, a P/E ratio of -9.60 and a beta of 1.72. The company has a quick ratio of 2.92, a current ratio of 3.29 and a debt-to-equity ratio of 0.10.
Hesai Group (NASDAQ:HSAI - Get Free Report) last announced its quarterly earnings data on Monday, March 11th. The company reported ($0.11) earnings per share (EPS) for the quarter. Hesai Group had a negative return on equity of 10.93% and a negative net margin of 25.38%. The firm had revenue of $79.04 million for the quarter. Sell-side analysts predict that Hesai Group will post -0.02 EPS for the current year.
Hedge Funds Weigh In On Hesai Group
Several large investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. acquired a new stake in Hesai Group in the third quarter worth $2,114,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Hesai Group in the third quarter worth $10,666,000. Schroder Investment Management Group increased its position in Hesai Group by 11.0% in the third quarter. Schroder Investment Management Group now owns 584,517 shares of the company's stock worth $5,845,000 after buying an additional 57,954 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in Hesai Group in the fourth quarter worth $178,000. Finally, Prudential PLC increased its position in Hesai Group by 1.9% in the third quarter. Prudential PLC now owns 590,677 shares of the company's stock worth $5,907,000 after buying an additional 11,119 shares during the period. 48.53% of the stock is currently owned by institutional investors.
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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