NASDAQ:HSAI Hesai Group (HSAI) Stock Forecast, Price & News $10.35 +0.20 (+1.97%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$10.23▼$10.7050-Day Range$9.01▼$13.3352-Week Range$7.35▼$30.35Volume187,187 shsAverage Volume330,244 shsMarket Capitalization$1.30 billionP/E RatioN/ADividend YieldN/APrice Target$29.50 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Hesai Group MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside185.0% Upside$29.50 Price TargetShort InterestHealthy0.83% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.80Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.27) to $0.17 Per ShareSee Full Details Hide Full Details 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 starsAuto/Tires/Trucks Sector48th out of 90 stocksGeneral Industrial Machinery, Industry5th out of 9 stocks 3.3 Analyst's Opinion Consensus RatingHesai Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.50, Hesai Group has a forecasted upside of 185.0% from its current price of $10.35.Amount of Analyst CoverageHesai Group has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.83% of the float of Hesai Group has been sold short.Short Interest Ratio / Days to CoverHesai Group has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Hesai Group has recently decreased by 29.11%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldHesai Group does not currently pay a dividend.Dividend GrowthHesai Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HSAI. Previous Next 2.7 News and Social Media Coverage News SentimentHesai Group has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Hesai Group this week, compared to 3 articles on an average week.Search InterestOnly 2 people have searched for HSAI on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Hesai Group insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 15.02% of the stock of Hesai Group is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Hesai Group are expected to grow in the coming year, from ($0.27) to $0.17 per share. Previous Next See Top Rated MarketRank™ Stocks Here About Hesai Group (NASDAQ:HSAI) StockHesai 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.Read More HSAI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HSAI Stock News HeadlinesSeptember 22, 2023 | finance.yahoo.comHesai Announces World's First Production Design Win for In-Cabin Lidar with Leading Automotive OEMSeptember 21, 2023 | msn.comHesai Group attracts Buy rating from Bank of AmericaSeptember 22, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.September 14, 2023 | finance.yahoo.comAn Intrinsic Calculation For Hesai Group (NASDAQ:HSAI) Suggests It's 47% UndervaluedSeptember 5, 2023 | markets.businessinsider.comElevating Auto Safety: Hesai And Webasto Team Up To Integrate Lidar In Roof Sensor ModulesSeptember 5, 2023 | finance.yahoo.comHesai's AT128 Automotive Lidar Debuts in Europe with Luxury EV HiPhi Z's German Sales LaunchSeptember 5, 2023 | finance.yahoo.comHesai (HSAI) & Webasto Join Forces for Lidar IntegrationSeptember 4, 2023 | finance.yahoo.comHesai and Webasto Collaborate on Lidar Integration on Roof Sensor Module for ADASSeptember 22, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!August 28, 2023 | technews.tmcnet.comStatement on Ouster's Ongoing Enforcement of its Patents Against HesaiAugust 28, 2023 | msn.comOuster comments on ITC investigation into Hesai's trade practicesAugust 25, 2023 | finance.yahoo.comHesai Announces Initial Determination from ITC Administrative Law Judge Granting Hesai’s Motion to Terminate Patent Infringement Investigation Brought by OusterAugust 18, 2023 | finance.yahoo.comHesai Group Second Quarter 2023 Earnings: CN¥0.59 loss per share (vs CN¥2.30 loss in 2Q 2022)August 17, 2023 | seekingalpha.comHesai Group Grows Revenue But Operating Metrics DropAugust 17, 2023 | seekingalpha.comHesai Group: Good Q2 Results, Disappointing GuidanceAugust 16, 2023 | finance.yahoo.comHesai to Showcase Its High-Performance Automotive Lidar Sensors at IAA Mobility 2023August 1, 2023 | finance.yahoo.comHesai Technology Advances Autonomous Vehicle Lidar Integration with NVIDIA DRIVE and OmniverseJuly 24, 2023 | finance.yahoo.comHesai Ranks No. 1 in Global Automotive Lidar for the 2nd Year in a RowJuly 18, 2023 | finance.yahoo.comHesai Group to Report Second Quarter 2023 Financial Results on Monday, August 14, 2023July 7, 2023 | finance.yahoo.comHesai Secures ADAS Lidar Design Win for Multiple New Vehicles with SAIC MotorJune 28, 2023 | finance.yahoo.comHesai Group's (NASDAQ:HSAI) Shift From Loss To ProfitJune 21, 2023 | finance.yahoo.comHesai and NavVis Join Forces to Revolutionize Reality Capture with Cutting-Edge Lidar Sensor TechnologyJune 5, 2023 | benzinga.comFINAL DEADLINE TOMORROW: The Schall Law Firm Encourages Investors in Hesai Group with Losses of $100,000 to Contact the FirmJune 5, 2023 | technews.tmcnet.comThe Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Hesai Group (HSAI)May 31, 2023 | seekingalpha.comHesai Group: No Love On The Nasdaq For China's Rising LiDAR StarMay 31, 2023 | seekingalpha.comHesai Group: No Love On Wall Street For China's Rising LiDAR StarMay 29, 2023 | benzinga.comUPCOMING DEADLINE ALERT: The Schall Law Firm Encourages Investors in Hesai Group with Losses of $100,000 to Contact the FirmSee More Headlines Receive HSAI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Hesai Group and its competitors with MarketBeat's FREE daily newsletter. Email Address HSAI Company Calendar Last Earnings8/14/2023Today9/22/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry General industrial machinery, Sub-IndustryN/A SectorAuto/Tires/Trucks Current SymbolNASDAQ:HSAI CUSIPN/A CIK1861737 Webwww.hesaitech.com Phone86-21-3158-8240FaxN/AEmployees1,020Year FoundedN/APrice Target and Rating Average Stock Price Forecast$29.50 High Stock Price Forecast$31.00 Low Stock Price Forecast$28.00 Forecasted Upside/Downside+179.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio0.05 Current Ratio4.55 Quick Ratio3.96 Sales & Book Value Annual Sales$174.37 million Price / Sales7.61 Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding Shares125,540,000Free FloatN/AMarket Cap$1.33 billion OptionableNot Optionable BetaN/A 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesDr. 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 ShiInvestor Relations DirectorMore ExecutivesKey CompetitorsPHINIANYSE:PHINNikolaNASDAQ:NKLAEVgoNYSE:EVGOCustom Truck One SourceNYSE:CTOSWabash NationalNYSE:WNCView All CompetitorsInstitutional OwnershipDavidson Kempner Capital Management LPSold 25,000 shares on 9/12/2023Ownership: 0.000%Point72 Hong Kong LtdBought 54,083 shares on 8/15/2023Ownership: 0.189%Point72 Asset Management L.P.Bought 82,100 shares on 8/15/2023Ownership: 0.136%Point72 Middle East FZESold 45,107 shares on 8/15/2023Ownership: 0.005%BlackRock Inc.Sold 3,000 shares on 8/11/2023Ownership: 0.008%View All Institutional Transactions HSAI Stock - Frequently Asked Questions Should I buy or sell Hesai Group stock right now? 3 Wall Street equities research 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 equities research 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 Wall Street research analysts have issued 1 year price objectives for Hesai Group's stock. Their HSAI share price forecasts range from $28.00 to $31.00. On average, they predict the company's share price to reach $29.50 in the next year. This suggests a possible upside of 179.1% 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 stock has decreased by 49.8% and is now trading at $10.57. View the best growth stocks for 2023 here. Are investors shorting Hesai Group? Hesai Group saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 695,100 shares, a decline of 29.1% from the August 15th total of 980,500 shares. Based on an average daily trading volume, of 335,200 shares, the short-interest ratio is presently 2.1 days. Currently, 0.8% of the shares of the company are short sold. View Hesai Group's Short Interest. How were Hesai Group's earnings last quarter? Hesai Group (NASDAQ:HSAI) posted its quarterly earnings data on Monday, August, 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm earned $60.72 million during the quarter. What guidance has Hesai Group issued on next quarter's earnings? Hesai Group issued an update on its third quarter 2023 earnings guidance on Monday, August, 14th. The company provided 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 initial public offering (IPO) on Thursday, February 9th 2023. The company issued 10,000,000 shares at a price of $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 variety 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 $10.57. How much money does Hesai Group make? Hesai Group (NASDAQ:HSAI) has a market capitalization of $1.33 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 9/22/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Hesai Group Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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