Hesai Group (NASDAQ:HSAI - Get Free Report) was down 4.9% during trading on Tuesday . The company traded as low as $4.22 and last traded at $4.25. Approximately 152,478 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 848,064 shares. The stock had previously closed at $4.47.
Hesai Group Trading Down 8.0 %
The stock's fifty day moving average price is $4.58 and its 200 day moving average price is $7.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.29 and a quick ratio of 2.92. The stock has a market capitalization of $515.97 million, a P/E ratio of -7.83 and a beta of 1.72.
Hesai Group (NASDAQ:HSAI - Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The company reported ($0.11) EPS for the quarter. The company had revenue of $79.04 million during the quarter. Hesai Group had a negative return on equity of 10.93% and a negative net margin of 25.38%. Research analysts forecast that Hesai Group will post -0.02 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Psagot Value Holdings Ltd. Israel bought a new position in Hesai Group during the 4th quarter worth about $25,000. US Bancorp DE bought a new position in Hesai Group during the 4th quarter worth about $32,000. JPMorgan Chase & Co. bought a new position in Hesai Group during the 1st quarter worth about $68,000. UBS Group AG bought a new position in Hesai Group during the 1st quarter worth about $78,000. Finally, Barclays PLC bought a new position in Hesai Group during the 1st quarter worth about $110,000. 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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