Hesai Group (NASDAQ:HSAI - Get Free Report)'s stock price was up 11.1% on Monday . The stock traded as high as $5.56 and last traded at $5.51. Approximately 226,401 shares changed hands during trading, a decline of 71% from the average daily volume of 773,760 shares. The stock had previously closed at $4.96.
Hesai Group Price Performance
The company has a current ratio of 3.29, a quick ratio of 2.92 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $4.84 and a 200-day simple moving average of $6.71. The stock has a market cap of $684.69 million, a price-to-earnings ratio of -10.21 and a beta of 1.48.
Hesai Group (NASDAQ:HSAI - Get Free Report) last posted its quarterly earnings data on Monday, March 11th. The company reported ($0.11) earnings per share for the quarter. Hesai Group had a negative net margin of 25.38% and a negative return on equity of 10.93%. The business had revenue of $79.04 million during the quarter. As a group, equities research analysts expect that Hesai Group will post -0.02 EPS for the current year.
Institutional Investors Weigh In On Hesai Group
Several hedge funds have recently made changes to their positions in the stock. Psagot Value Holdings Ltd. Israel bought a new stake in Hesai Group in the 4th quarter valued at $25,000. China Universal Asset Management Co. Ltd. bought a new stake in Hesai Group in the fourth quarter valued at about $178,000. Susquehanna Fundamental Investments LLC bought a new stake in Hesai Group in the first quarter valued at about $352,000. Nomura Holdings Inc. acquired a new position in Hesai Group in the fourth quarter worth about $590,000. Finally, Dymon Asia Capital Singapore PTE. LTD. bought a new position in Hesai Group during the fourth quarter worth about $774,000. Institutional investors own 48.53% of the company's stock.
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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