Hesai Group (NASDAQ:HSAI - Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,953,701 shares traded hands during trading, an increase of 5% from the previous session's volume of 1,862,461 shares.The stock last traded at $15.31 and had previously closed at $17.26.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on HSAI. Morgan Stanley downgraded shares of Hesai Group from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $5.80 to $15.00 in a research report on Monday, January 13th. Daiwa America raised Hesai Group to a "strong-buy" rating in a report on Tuesday, March 11th. The Goldman Sachs Group raised Hesai Group from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $5.50 to $18.40 in a report on Tuesday, January 14th. Finally, Daiwa Capital Markets assumed coverage on Hesai Group in a report on Tuesday, March 11th. They issued a "buy" rating and a $35.00 target price for the company.
View Our Latest Research Report on HSAI
Hesai Group Stock Performance
The stock's 50-day moving average price is $17.52 and its 200-day moving average price is $11.30. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -39.61, a P/E/G ratio of 1.44 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.65 and a current ratio of 3.08.
Hedge Funds Weigh In On Hesai Group
Several hedge funds and other institutional investors have recently bought and sold shares of HSAI. Jane Street Group LLC increased its position in shares of Hesai Group by 11.9% in the third quarter. Jane Street Group LLC now owns 48,943 shares of the company's stock valued at $230,000 after buying an additional 5,186 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Hesai Group in the 4th quarter valued at about $138,000. Hsbc Holdings PLC purchased a new position in Hesai Group during the 4th quarter valued at about $159,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Hesai Group in the fourth quarter valued at about $168,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Hesai Group in the fourth quarter valued at approximately $177,000. 48.53% of the stock is owned by institutional investors and hedge funds.
Hesai Group Company Profile
(
Get Free Report)
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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