Hesai Group (HSAI) to Release Earnings on Monday

Hesai Group (NASDAQ:HSAI - Get Free Report) is expected to be releasing its earnings data after the market closes on Monday, March 10th. Analysts expect Hesai Group to post earnings of $1.42 per share and revenue of $723.60 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Hesai Group Stock Down 11.1 %

NASDAQ HSAI traded down $1.99 during trading on Monday, reaching $15.92. 3,262,153 shares of the company's stock were exchanged, compared to its average volume of 1,510,621. The company has a 50 day moving average price of $15.78 and a two-hundred day moving average price of $9.15. The stock has a market cap of $2.02 billion, a P/E ratio of -36.18, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. Hesai Group has a 1 year low of $3.52 and a 1 year high of $20.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.65 and a current ratio of 3.08.

Analyst Ratings Changes

HSAI has been the subject of a number of research analyst reports. The Goldman Sachs Group raised Hesai Group from a "neutral" rating to a "buy" rating and upped their price target for the company from $5.50 to $18.40 in a report on Tuesday, January 14th. Morgan Stanley downgraded shares of Hesai Group from an "overweight" rating to an "equal weight" rating and increased their target price for the company from $5.80 to $15.00 in a research report on Monday, January 13th.

Hesai Group Company Profile

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.