NASDAQ:HSAI Hesai Group (HSAI) Stock Forecast, Price & News $8.56 +0.53 (+6.60%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$8.21▼$8.8250-Day Range$7.39▼$16.9852-Week Range$7.35▼$30.35Volume336,802 shsAverage Volume360,764 shsMarket Capitalization$1.07 billionP/E RatioN/ADividend YieldN/APrice Target$29.50 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Hesai Group MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside244.6% Upside$29.50 Price TargetShort InterestHealthy0.26% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.56Based on 5 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($1.63) to $6.19 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.2.02 out of 5 starsAuto/Tires/Trucks Sector51st out of 101 stocksGeneral Industrial Machinery, Industry4th out of 11 stocks 3.5 Analyst's Opinion Consensus RatingHesai Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.50, Hesai Group has a forecasted upside of 244.6% from its current price of $8.56.Amount of Analyst CoverageHesai Group has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.26% 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 0.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous month 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 1.4 News and Social Media Coverage News SentimentHesai Group has a news sentiment score of 0.56. 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 news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Hesai Group this week, compared to 7 articles on an average week. Previous Next N/A Company Ownership Insider Buying vs. Insider SellingIn the past three months, Hesai Group insiders have not sold or bought any company stock. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Hesai Group are expected to grow in the coming year, from ($1.63) to $6.19 per share.Price to Book Value per Share RatioHesai Group has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Hesai Group (NASDAQ:HSAI) StockHesai Group engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions, through its subsidiaries. Its LiDAR products are used in passenger and commercial vehicles. Hesai Group is based in Shanghai, China.Read More 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 Stock News HeadlinesJune 3, 2023 | americanbankingnews.comHesai Group (NASDAQ:HSAI) Shares Up 8.6%May 31, 2023 | seekingalpha.comHesai Group: No Love On Wall Street For China's Rising LiDAR StarJune 3, 2023 | Legacy Research (Affiliate) (Ad)The “Amazon Secret Royalty Program” Can Help Anyone Retire Like RoyaltyA unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.May 31, 2023 | seekingalpha.comHesai Group: No Love On The Nasdaq 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 FirmMay 27, 2023 | americanbankingnews.comHesai Group (NASDAQ:HSAI) Trading 5.4% Higher May 26, 2023 | finance.yahoo.comThe Hesai Group (NASDAQ:HSAI) First-Quarter Results Are Out And Analysts Have Published New ForecastsMay 26, 2023 | americanbankingnews.comHesai Group (NASDAQ:HSAI) Sees Large Volume IncreaseJune 3, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 24, 2023 | finance.yahoo.comLidar sensor maker Hesai rakes in record quarterly revenue as China's EV makers accelerate autonomous-driving adoptionMay 24, 2023 | msn.comHesai Group reports Q1 resultsMay 24, 2023 | americanbankingnews.comHesai Group (NASDAQ:HSAI) Shares Gap Up to $8.73May 22, 2023 | finance.yahoo.comHesai Technology and CRATUS Technology Announce Strategic Partnership to Develop Autonomous Warehouse Solutions Using Safety Rated 3D LidarMay 21, 2023 | americanbankingnews.comHesai Group (HSAI) Scheduled to Post Quarterly Earnings on TuesdayMay 18, 2023 | benzinga.comHSAI Investors Have Opportunity to Lead Hesai Group Securities Fraud LawsuitMay 18, 2023 | benzinga.comITC Institutes Investigation into Hesai's Unlawful Use of Ouster's PatentsMay 18, 2023 | americanbankingnews.comHesai Group (NASDAQ:HSAI) Shares Up 2.4%May 16, 2023 | marketwatch.comThe Gross Law Firm Announces Class Actions on Behalf of Shareholders of HSAI, PLUG and LPSNMay 16, 2023 | marketwatch.comCLASS ACTION UPDATE for HSAI, BIRD and FULC: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of ShareholdersMay 15, 2023 | benzinga.comSHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Hesai Group with Losses of $100,000 to Contact the FirmMay 15, 2023 | finance.yahoo.comHesai Becomes the First Lidar Company to Obtain ISO/SAE 21434 Automotive Cybersecurity Management CertificationMay 15, 2023 | americanbankingnews.comHesai Group (NASDAQ:HSAI) and Symbotic (NASDAQ:SYM) Head to Head ContrastMay 11, 2023 | finance.yahoo.comU.S. trade panel votes to investigate lidar tech company Ouster's patent suit against rival HesaiMay 11, 2023 | finance.yahoo.comHesai Opens Office in Europe's "Car Capital" Stuttgart, Accelerating Its Global Business ExpansionMay 9, 2023 | benzinga.comINVESTOR ACTION REMINDER: The Schall Law Firm Encourages Investors in Hesai Group with Losses of $100,000 to Contact the FirmMay 9, 2023 | finance.yahoo.comHesai Group's (NASDAQ:HSAI) stock price dropped 9.0% last week; retail investors would not be happyMay 9, 2023 | americanbankingnews.comAnalyzing Hesai Group (NASDAQ:HSAI) & Sarcos Technology and Robotics (NASDAQ:STRC)See More Headlines HSAI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HSAI Company Calendar Last Earnings5/23/2023Today6/03/2023Fiscal 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/AEmployeesN/AYear 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+244.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 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 Ratio0.03 Current Ratio4.68 Quick RatioN/A Sales & Book Value Annual Sales$1.38 billion Price / Sales0.78 Cash FlowN/A Price / Cash FlowN/A Book Value$4.70 per share Price / Book1.82Miscellaneous Outstanding Shares125,535,000Free FloatN/AMarket Cap$1.07 billion OptionableNot Optionable BetaN/A Key CompetitorsEVgoNYSE:EVGOBlue BirdNASDAQ:BLBDThe Shyft GroupNASDAQ:SHYFWabash NationalNYSE:WNCAmerican Axle & ManufacturingNYSE:AXLView All CompetitorsInstitutional OwnershipAmeriprise Financial Inc.Bought 497,414 shares on 5/22/2023Ownership: 0.396%JPMorgan Chase & Co.Bought 4,419 shares on 5/18/2023Ownership: 0.004%Squarepoint Ops LLCBought 57,500 shares on 5/16/2023Ownership: 0.046%Sandia Investment Management LPBought 19,193 shares on 5/16/2023Ownership: 0.015%Alberta Investment Management CorpBought 13,068 shares on 5/16/2023Ownership: 0.010%View All Institutional Transactions HSAI Stock - Frequently Asked Questions Should I buy or sell Hesai Group stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hesai Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HSAI shares. View HSAI analyst ratings or view top-rated stocks. What is Hesai Group's stock price forecast for 2023? 2 brokers have issued 1-year price targets for Hesai Group's shares. Their HSAI share price forecasts range from $28.00 to $31.00. On average, they predict the company's stock price to reach $29.50 in the next year. This suggests a possible upside of 244.6% 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 the year. Since then, HSAI stock has decreased by 59.3% and is now trading at $8.56. View the best growth stocks for 2023 here. How were Hesai Group's earnings last quarter? Hesai Group (NASDAQ:HSAI) announced its earnings results on Tuesday, May, 23rd. The company reported ($0.14) EPS for the quarter. The company earned $62.60 million during the quarter. What guidance has Hesai Group issued on next quarter's earnings? Hesai Group updated its first quarter 2023 earnings guidance on Thursday, March, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $56.50 million-$59.40 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 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 does the company's lock-up period expire? Hesai Group's lock-up period expires on Tuesday, August 8th. Hesai Group had issued 10,000,000 shares in its IPO on February 9th. The total size of the offering was $190,000,000 based on an initial share price of $19.00. After the expiration of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted. 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 FIL Ltd (1.35%), Price T Rowe Associates Inc. MD (0.81%), HarbourVest Partners LLC (0.48%), Ameriprise Financial Inc. (0.40%), Hel Ved Capital Management Ltd (0.24%) and Aspex Management HK Ltd (0.16%). 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 $8.56. How much money does Hesai Group make? Hesai Group (NASDAQ:HSAI) has a market capitalization of $1.07 billion and generates $1.38 billion in revenue each year. 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 6/3/2023 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. 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