NASDAQ:HSAI

Hesai Group (HSAI) Stock Forecast, Price & News

$10.35

+0.20 (+1.97%)

(As of 09/22/2023 ET)

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Today's Range: $10.23
▼
$10.70
50-Day Range: $9.01
▼
$13.33
52-Week Range: $7.35
▼
$30.35

Volume: 187,187 shs
Average Volume: 330,244 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: 0.80
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.27) to $0.17 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 90 stocks

General Industrial Machinery, Industry

5th out of 9 stocks

3.3

Analyst's Opinion

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

5.0

Short Interest

Percentage of Shares Shorted
0.83% 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 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Hesai Group has recently decreased by 29.11%, indicating that investor sentiment is improving significantly.

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.

2.7

News and Social Media Coverage

News Sentiment
Hesai 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 Week
MarketBeat has tracked 4 news articles for Hesai Group this week, compared to 3 articles on an average week.
Search Interest
Only 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.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hesai Group insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 15.02% of the stock of Hesai Group is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Hesai Group are expected to grow in the coming year, from ($0.27) to $0.17 per share.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

HSAI Stock News Headlines

September 22, 2023 | finance.yahoo.com

Hesai Announces World's First Production Design Win for In-Cabin Lidar with Leading Automotive OEM

September 21, 2023 | msn.com

Hesai Group attracts Buy rating from Bank of America

September 22, 2023 | Chaikin Analytics (Ad)

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September 14, 2023 | finance.yahoo.com

An Intrinsic Calculation For Hesai Group (NASDAQ:HSAI) Suggests It's 47% Undervalued

September 5, 2023 | markets.businessinsider.com

Elevating Auto Safety: Hesai And Webasto Team Up To Integrate Lidar In Roof Sensor Modules

September 5, 2023 | finance.yahoo.com

Hesai's AT128 Automotive Lidar Debuts in Europe with Luxury EV HiPhi Z's German Sales Launch

September 5, 2023 | finance.yahoo.com

Hesai (HSAI) & Webasto Join Forces for Lidar Integration

September 4, 2023 | finance.yahoo.com

Hesai and Webasto Collaborate on Lidar Integration on Roof Sensor Module for ADAS

September 22, 2023 | Behind the Markets (Ad)

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August 28, 2023 | technews.tmcnet.com

Statement on Ouster's Ongoing Enforcement of its Patents Against Hesai

August 28, 2023 | msn.com

Ouster comments on ITC investigation into Hesai's trade practices

August 25, 2023 | finance.yahoo.com

Hesai Announces Initial Determination from ITC Administrative Law Judge Granting Hesai’s Motion to Terminate Patent Infringement Investigation Brought by Ouster

August 18, 2023 | finance.yahoo.com

Hesai Group Second Quarter 2023 Earnings: CN¥0.59 loss per share (vs CN¥2.30 loss in 2Q 2022)

August 17, 2023 | seekingalpha.com

Hesai Group Grows Revenue But Operating Metrics Drop

August 17, 2023 | seekingalpha.com

Hesai Group: Good Q2 Results, Disappointing Guidance

August 16, 2023 | finance.yahoo.com

Hesai to Showcase Its High-Performance Automotive Lidar Sensors at IAA Mobility 2023

August 1, 2023 | finance.yahoo.com

Hesai Technology Advances Autonomous Vehicle Lidar Integration with NVIDIA DRIVE and Omniverse

July 24, 2023 | finance.yahoo.com

Hesai Ranks No. 1 in Global Automotive Lidar for the 2nd Year in a Row

July 18, 2023 | finance.yahoo.com

Hesai Group to Report Second Quarter 2023 Financial Results on Monday, August 14, 2023

July 7, 2023 | finance.yahoo.com

Hesai Secures ADAS Lidar Design Win for Multiple New Vehicles with SAIC Motor

June 28, 2023 | finance.yahoo.com

Hesai Group's (NASDAQ:HSAI) Shift From Loss To Profit

June 21, 2023 | finance.yahoo.com

Hesai and NavVis Join Forces to Revolutionize Reality Capture with Cutting-Edge Lidar Sensor Technology

June 5, 2023 | benzinga.com

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

June 5, 2023 | technews.tmcnet.com

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Hesai Group (HSAI)

May 31, 2023 | seekingalpha.com

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

May 31, 2023 | seekingalpha.com

Hesai Group: No Love On Wall Street 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

See More Headlines

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HSAI Company Calendar

Last Earnings: 8/14/2023
Today: 9/22/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

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: 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: +179.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 3 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: 0.05
Current Ratio: 4.55
Quick Ratio: 3.96

Sales & Book Value

Annual Sales: $174.37 million
Price / Sales: 7.61
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 125,540,000
Free Float: N/A
Market Cap: $1.33 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

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?: 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

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