Hesai Group (HSAI) Stock Forecast, Price & News

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.
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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.
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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.
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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.
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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.

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.

(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.

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

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.

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%).

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

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

The company employs 1,020 workers across the globe.

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.