Hesai Group (NASDAQ:HSAI - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $1.42 by ($1.27), Zacks reports. The business had revenue of $98.58 million during the quarter, compared to analyst estimates of $723.60 million. Hesai Group had a negative net margin of 20.31% and a negative return on equity of 6.79%. Hesai Group updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.
Hesai Group Price Performance
Shares of Hesai Group stock traded down $0.85 on Friday, hitting $19.71. 5,367,165 shares of the company were exchanged, compared to its average volume of 3,969,144. Hesai Group has a 1-year low of $3.52 and a 1-year high of $24.18. The company has a quick ratio of 2.65, a current ratio of 3.08 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of -44.80, a price-to-earnings-growth ratio of 1.44 and a beta of 1.07. The company has a 50-day moving average price of $16.59 and a 200 day moving average price of $9.97.
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 increased their target price for the company from $5.50 to $18.40 in a report on Tuesday, January 14th. Morgan Stanley downgraded Hesai Group from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $5.80 to $15.00 in a research note on Monday, January 13th. Finally, Daiwa Capital Markets began coverage on shares of Hesai Group in a research note on Tuesday. They set a "buy" rating and a $35.00 target price on the stock.
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About Hesai Group
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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.
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