Shares of Hesai Group (NASDAQ:HSAI - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $17.85, but opened at $18.58. Hesai Group shares last traded at $17.90, with a volume of 806,559 shares trading hands.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on HSAI shares. Morgan Stanley lowered shares of Hesai Group from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $5.80 to $15.00 in a report on Monday, January 13th. The Goldman Sachs Group raised shares of Hesai Group from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $5.50 to $18.40 in a report on Tuesday, January 14th.
Check Out Our Latest Report on Hesai Group
Hesai Group Stock Up 6.1 %
The company's fifty day simple moving average is $14.98 and its 200-day simple moving average is $8.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.08 and a quick ratio of 2.65. The firm has a market capitalization of $2.49 billion, a PE ratio of -44.61, a price-to-earnings-growth ratio of 1.37 and a beta of 1.26.
Hesai Group (NASDAQ:HSAI - Get Free Report) last posted its quarterly earnings data 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%. On average, analysts forecast that Hesai Group will post -0.14 EPS for the current year.
Institutional Investors Weigh In On Hesai Group
Several institutional investors and hedge funds have recently made changes to their positions in the stock. GF Fund Management CO. LTD. acquired a new stake in shares of Hesai Group during the fourth quarter worth $2,418,000. Voloridge Investment Management LLC acquired a new position in Hesai Group during the fourth quarter valued at $9,496,000. Squarepoint Ops LLC acquired a new position in Hesai Group during the fourth quarter valued at $327,000. Two Sigma Advisers LP acquired a new position in Hesai Group during the fourth quarter valued at $1,703,000. Finally, Two Sigma Investments LP acquired a new position in Hesai Group during the fourth quarter valued at $7,084,000. 48.53% of the stock is currently 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.
Featured Articles
Before you consider Hesai Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hesai Group wasn't on the list.
While Hesai Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
