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High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
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After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
1907, 1929, 1998, 2007--and now 2023? (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
1907, 1929, 1998, 2007--and now 2023? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
1907, 1929, 1998, 2007--and now 2023? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
1907, 1929, 1998, 2007--and now 2023? (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
1907, 1929, 1998, 2007--and now 2023? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
1907, 1929, 1998, 2007--and now 2023? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
1907, 1929, 1998, 2007--and now 2023? (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
1907, 1929, 1998, 2007--and now 2023? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
1907, 1929, 1998, 2007--and now 2023? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
1907, 1929, 1998, 2007--and now 2023? (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
1907, 1929, 1998, 2007--and now 2023? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
NASDAQ:HSAI

Hesai Group (HSAI) Stock Forecast, Price & News

$10.35
+0.20 (+1.97%)
(As of 09/22/2023 ET)
Compare
Today's Range
$10.23
$10.70
50-Day Range
$9.01
$13.33
52-Week Range
$7.35
$30.35
Volume
187,189 shs
Average Volume
261,865 shs
Market Capitalization
$1.30 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$29.50

Hesai Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
185.0% Upside
$29.50 Price Target
Short Interest
Healthy
0.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.82mentions of Hesai Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.33) to $0.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.10 out of 5 stars

Auto/Tires/Trucks Sector

48th out of 96 stocks

General Industrial Machinery, Industry

6th out of 7 stocks


HSAI stock logo

About Hesai Group (NASDAQ:HSAI) Stock

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. Hesai Group was founded in 2014 and is based in Shanghai, China.

HSAI Price History

HSAI Stock News Headlines

Bank of America Initiates Coverage on Hesai Group (NASDAQ:HSAI)
Hesai Group (NASDAQ:HSAI) Shares Gap Up to $10.15
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Hesai (HSAI) & Webasto Join Forces for Lidar Integration
Hesai Group Grows Revenue But Operating Metrics Drop
Hesai Group: Good Q2 Results, Disappointing Guidance
See More Headlines
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HSAI Company Calendar

Last Earnings
8/14/2023
Today
9/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
General industrial machinery,
Sub-Industry
N/A
Current Symbol
NASDAQ:HSAI
Fax
N/A
Employees
1,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.50
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+185.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$174.37 million

Miscellaneous

Free Float
N/A
Market Cap
$1.30 billion
Optionable
Not Optionable
Beta
N/A
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Key Executives

  • Dr. Yifan Li (Age 36)
    Co-Founder, CEO & Director
  • Dr. Kai Sun (Age 37)
    Co-Founder, Chief Scientist & Director
  • Mr. Shaoqing Xiang (Age 37)
    Co-Founder, CTO & Director
  • Mr. Tung-Jung Hsieh (Age 59)
    Global CFO & Director
  • Ms. Cailian Yang (Age 32)
    VP of Operations & Director
  • Yuanting Shi
    Investor Relations Director













HSAI Stock - Frequently Asked Questions

Should I buy or sell Hesai Group stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hesai Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HSAI shares.
View HSAI analyst ratings
or view top-rated stocks.

What is Hesai Group's stock price forecast for 2023?

3 brokerages have issued 1 year price objectives for Hesai Group's shares. Their HSAI share price forecasts range from $28.00 to $31.00. On average, they expect the company's share price to reach $29.50 in the next twelve months. This suggests a possible upside of 185.0% from the stock's current price.
View analysts price targets for HSAI
or view top-rated stocks among Wall Street analysts.

How have HSAI shares performed in 2023?

Hesai Group's stock was trading at $21.05 at the beginning of 2023. Since then, HSAI shares have decreased by 50.8% and is now trading at $10.35.
View the best growth stocks for 2023 here
.

Are investors shorting Hesai Group?

Hesai Group saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 695,100 shares, a drop of 29.1% from the August 15th total of 980,500 shares. Based on an average daily trading volume, of 335,200 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.8% of the shares of the company are sold short.
View Hesai Group's Short Interest
.

How were Hesai Group's earnings last quarter?

Hesai Group (NASDAQ:HSAI) announced its quarterly earnings results on Monday, August, 14th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $60.72 million for the quarter.

What guidance has Hesai Group issued on next quarter's earnings?

Hesai Group updated its third quarter 2023 earnings guidance on Monday, August, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $55.90 million-$58.60 million, compared to the consensus revenue estimate of $58.69 million.

When did Hesai Group IPO?

(HSAI) raised $180 million in an IPO on Thursday, February 9th 2023. The company issued 10,000,000 shares at $17.00-$19.00 per share.

What is Hesai Group's stock symbol?

Hesai Group trades on the NASDAQ under the ticker symbol "HSAI."

When did the company's lock-up period expire?

Hesai Group's lock-up period expired on Tuesday, August 8th. Hesai Group had issued 10,000,000 shares in its public offering on February 9th. The total size of the offering was $190,000,000 based on an initial share price of $19.00. Shares of the company owned by company insiders and major shareholders are now eligible to be traded as a result of the end of the lock-up period.

Who are Hesai Group's major shareholders?

Hesai Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Schroder Investment Management Group (0.42%), Point72 Hong Kong Ltd (0.19%), The Manufacturers Life Insurance Company (0.17%), Point72 Asset Management L.P. (0.14%), Barclays PLC (0.12%) and Renaissance Technologies LLC (0.10%).

How do I buy shares of Hesai Group?

Shares of HSAI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Hesai Group's stock price today?

One share of HSAI stock can currently be purchased for approximately $10.35.

How much money does Hesai Group make?

Hesai Group (NASDAQ:HSAI) has a market capitalization of $1.30 billion and generates $174.37 million in revenue each year.

How many employees does Hesai Group have?

The company employs 1,020 workers across the globe.

How can I contact Hesai Group?

The official website for the company is www.hesaitech.com. The company can be reached via phone at 86-21-3158-8240 or via email at ir@hesaitech.com.

This page (NASDAQ:HSAI) was last updated on 9/24/2023 by MarketBeat.com Staff

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