NASDAQ:HSAI

Hesai Group (HSAI) Stock Forecast, Price & News

$8.56

+0.53 (+6.60%)

(As of 06/2/2023 ET)

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Today's Range: $8.21
▼
$8.82
50-Day Range: $7.39
▼
$16.98
52-Week Range: $7.35
▼
$30.35

Volume: 336,802 shs
Average Volume: 360,764 shs
Market Capitalization: $1.07 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $29.50

Hesai Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 244.6% Upside
$29.50 Price Target
Short Interest: Healthy
0.26% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.56
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.63) to $6.19 Per Share

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 stars

Auto/Tires/Trucks Sector

51st out of 101 stocks

General Industrial Machinery, Industry

4th out of 11 stocks

3.5

Analyst's Opinion

Consensus Rating
Hesai 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/Downside
According 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 Coverage
Hesai Group has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.26% of the float of Hesai Group has been sold short.
Short Interest Ratio / Days to Cover
Hesai 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

0.0

Dividend Strength

Dividend Yield
Hesai Group does not currently pay a dividend.
Dividend Growth
Hesai Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HSAI.

1.4

News and Social Media Coverage

News Sentiment
Hesai 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 Week
MarketBeat has tracked 5 news articles for Hesai Group this week, compared to 7 articles on an average week.

N/A

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hesai Group insiders have not sold or bought any company stock.

0.6

Earnings and Valuation

Earnings Growth
Earnings 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 Ratio
Hesai 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.

See Top Rated MarketRank™ Stocks Here

About Hesai Group (NASDAQ:HSAI) Stock

Hesai 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.

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HSAI Stock News Headlines

June 3, 2023 | americanbankingnews.com

Hesai Group (NASDAQ:HSAI) Shares Up 8.6%

May 31, 2023 | seekingalpha.com

Hesai Group: No Love On Wall Street For China's Rising LiDAR Star

June 3, 2023 | Legacy Research (Affiliate) (Ad)

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May 31, 2023 | seekingalpha.com

Hesai Group: No Love On The Nasdaq For China's Rising LiDAR Star

May 29, 2023 | benzinga.com

UPCOMING DEADLINE ALERT: The Schall Law Firm Encourages Investors in Hesai Group with Losses of $100,000 to Contact the Firm

May 27, 2023 | americanbankingnews.com

Hesai Group (NASDAQ:HSAI) Trading 5.4% Higher

May 26, 2023 | finance.yahoo.com

The Hesai Group (NASDAQ:HSAI) First-Quarter Results Are Out And Analysts Have Published New Forecasts

May 26, 2023 | americanbankingnews.com

Hesai Group (NASDAQ:HSAI) Sees Large Volume Increase

June 3, 2023 | Legacy Research (Affiliate) (Ad)

Sell Every Stock, Except ONE (Ticker Revealed)

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May 24, 2023 | finance.yahoo.com

Lidar sensor maker Hesai rakes in record quarterly revenue as China's EV makers accelerate autonomous-driving adoption

May 24, 2023 | msn.com

Hesai Group reports Q1 results

May 24, 2023 | americanbankingnews.com

Hesai Group (NASDAQ:HSAI) Shares Gap Up to $8.73

May 22, 2023 | finance.yahoo.com

Hesai Technology and CRATUS Technology Announce Strategic Partnership to Develop Autonomous Warehouse Solutions Using Safety Rated 3D Lidar

May 21, 2023 | americanbankingnews.com

Hesai Group (HSAI) Scheduled to Post Quarterly Earnings on Tuesday

May 18, 2023 | benzinga.com

HSAI Investors Have Opportunity to Lead Hesai Group Securities Fraud Lawsuit

May 18, 2023 | benzinga.com

ITC Institutes Investigation into Hesai's Unlawful Use of Ouster's Patents

May 18, 2023 | americanbankingnews.com

Hesai Group (NASDAQ:HSAI) Shares Up 2.4%

May 16, 2023 | marketwatch.com

The Gross Law Firm Announces Class Actions on Behalf of Shareholders of HSAI, PLUG and LPSN

May 16, 2023 | marketwatch.com

CLASS ACTION UPDATE for HSAI, BIRD and FULC: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

May 15, 2023 | benzinga.com

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Hesai Group with Losses of $100,000 to Contact the Firm

May 15, 2023 | finance.yahoo.com

Hesai Becomes the First Lidar Company to Obtain ISO/SAE 21434 Automotive Cybersecurity Management Certification

May 15, 2023 | americanbankingnews.com

Hesai Group (NASDAQ:HSAI) and Symbotic (NASDAQ:SYM) Head to Head Contrast

May 11, 2023 | finance.yahoo.com

U.S. trade panel votes to investigate lidar tech company Ouster's patent suit against rival Hesai

May 11, 2023 | finance.yahoo.com

Hesai Opens Office in Europe's "Car Capital" Stuttgart, Accelerating Its Global Business Expansion

May 9, 2023 | benzinga.com

INVESTOR ACTION REMINDER: The Schall Law Firm Encourages Investors in Hesai Group with Losses of $100,000 to Contact the Firm

May 9, 2023 | finance.yahoo.com

Hesai Group's (NASDAQ:HSAI) stock price dropped 9.0% last week; retail investors would not be happy

May 9, 2023 | americanbankingnews.com

Analyzing Hesai Group (NASDAQ:HSAI) & Sarcos Technology and Robotics (NASDAQ:STRC)

See More Headlines

HSAI Price History

30 days | 90 days | 365 days | Advanced Chart

HSAI Company Calendar

Last Earnings: 5/23/2023
Today: 6/03/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: General industrial machinery,
Sub-Industry: N/A
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:HSAI
CUSIP: N/A
CIK: 1861737
Web: www.hesaitech.com
Phone: 86-21-3158-8240
Fax: N/A
Employees: N/A
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: +244.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 0.03
Current Ratio: 4.68
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $1.38 billion
Price / Sales: 0.78
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.70 per share
Price / Book: 1.82

Miscellaneous

Outstanding Shares: 125,535,000
Free Float: N/A
Market Cap: $1.07 billion
Optionable: Not Optionable
Beta: N/A

Key Competitors

View All Competitors

Institutional Ownership

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

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