Hesai Group (NASDAQ:HSAI - Get Free Report) shot up 5% on Tuesday . The company traded as high as $4.83 and last traded at $4.80. 251,106 shares were traded during mid-day trading, a decline of 61% from the average session volume of 646,342 shares. The stock had previously closed at $4.57.
Hesai Group Stock Performance
The stock has a market cap of $609.73 million, a PE ratio of -9.41 and a beta of 1.42. The stock has a fifty day simple moving average of $4.35 and a two-hundred day simple moving average of $4.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.68 and a current ratio of 3.16.
Hesai Group (NASDAQ:HSAI - Get Free Report) last released its quarterly earnings results on Monday, August 19th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $63.14 million during the quarter. Hesai Group had a negative return on equity of 9.22% and a negative net margin of 25.30%. Equities analysts anticipate that Hesai Group will post -0.35 EPS for the current fiscal year.
Hedge Funds Weigh In On Hesai Group
Institutional investors and hedge funds have recently made changes to their positions in the business. EntryPoint Capital LLC boosted its stake in shares of Hesai Group by 34.2% during the 1st quarter. EntryPoint Capital LLC now owns 19,254 shares of the company's stock valued at $97,000 after buying an additional 4,912 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Hesai Group by 44.1% during the 2nd quarter. Renaissance Technologies LLC now owns 49,700 shares of the company's stock valued at $208,000 after buying an additional 15,200 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Hesai Group during the 1st quarter valued at approximately $352,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Hesai Group during the 1st quarter valued at approximately $1,141,000. 48.53% of the stock is currently owned by hedge funds and other institutional investors.
Hesai Group Company Profile
(
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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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