Hesai Group (NASDAQ:HSAI - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $19.80, but opened at $20.77. Hesai Group shares last traded at $20.04, with a volume of 905,878 shares trading hands.
Wall Street Analyst Weigh In
HSAI has been the subject of a number of research reports. Morgan Stanley cut shares of Hesai Group from an "overweight" rating to an "equal weight" rating and upped their price target for the stock from $5.80 to $15.00 in a research report on Monday, January 13th. The Goldman Sachs Group raised Hesai Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $5.50 to $18.40 in a research report on Tuesday, January 14th. Daiwa Capital Markets began coverage on Hesai Group in a report on Tuesday, March 11th. They set a "buy" rating and a $35.00 target price on the stock. Finally, Daiwa America raised Hesai Group to a "strong-buy" rating in a research report on Tuesday, March 11th.
Check Out Our Latest Report on Hesai Group
Hesai Group Trading Down 4.4 %
The business's 50-day simple moving average is $17.20 and its two-hundred day simple moving average is $10.54. The company has a current ratio of 3.08, a quick ratio of 2.65 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.34 billion, a PE ratio of -41.82, a PEG ratio of 1.44 and a beta of 1.07.
Institutional Investors Weigh In On Hesai Group
Hedge funds have recently bought and sold shares of the business. Lightspeed Management Company L.L.C. acquired a new position in shares of Hesai Group in the 4th quarter valued at approximately $110,560,000. Robert Bosch GmbH bought a new stake in shares of Hesai Group in the fourth quarter worth $105,768,000. Polunin Capital Partners Ltd raised its holdings in Hesai Group by 17.9% in the fourth quarter. Polunin Capital Partners Ltd now owns 1,210,817 shares of the company's stock valued at $16,733,000 after acquiring an additional 183,417 shares in the last quarter. Millennium Management LLC bought a new position in Hesai Group during the 4th quarter valued at $14,736,000. Finally, Voloridge Investment Management LLC acquired a new position in Hesai Group during the 4th quarter worth $9,496,000. Institutional investors and hedge funds own 48.53% of the company's stock.
About Hesai Group
(
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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