Hesai Group (NASDAQ:HSAI - Get Free Report) shares saw an uptick in trading volume on Monday . 4,077,543 shares were traded during mid-day trading, an increase of 60% from the previous session's volume of 2,554,594 shares.The stock last traded at $18.70 and had previously closed at $16.80.
Analyst Ratings Changes
A number of research firms have commented on HSAI. The Goldman Sachs Group upgraded Hesai Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $5.50 to $18.40 in a research note on Tuesday, January 14th. Morgan Stanley cut shares of Hesai Group from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $5.80 to $15.00 in a report on Monday, January 13th.
Get Our Latest Report on Hesai Group
Hesai Group Stock Down 1.2 %
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 company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -40.91, a P/E/G ratio of 1.94 and a beta of 1.26. The business's 50-day moving average is $14.13 and its 200-day moving average is $7.93.
Hesai Group (NASDAQ:HSAI - Get Free Report) last issued its earnings results on Monday, November 25th. The company reported ($0.05) EPS for the quarter. Hesai Group had a negative return on equity of 6.79% and a negative net margin of 20.31%. As a group, equities analysts predict that Hesai Group will post -0.17 earnings per share for the current year.
Hedge Funds Weigh In On Hesai Group
Several large investors have recently made changes to their positions in HSAI. Renaissance Technologies LLC acquired a new stake in Hesai Group in the 4th quarter valued at $138,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Hesai Group during the fourth quarter worth about $168,000. Fox Run Management L.L.C. acquired a new position in shares of Hesai Group during the 4th quarter worth about $177,000. China Universal Asset Management Co. Ltd. lifted its stake in Hesai Group by 47.5% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 29,500 shares of the company's stock valued at $138,000 after buying an additional 9,500 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Hesai Group in the 4th quarter worth about $414,000. 48.53% of the stock is currently owned by institutional investors and hedge funds.
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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