Hesai Group (NASDAQ:HSAI) Stock Price Up 6.4%

Hesai Group (NASDAQ:HSAI)’s stock price was up 6.4% during mid-day trading on Tuesday . The stock traded as high as $4.14 and last traded at $4.14. Approximately 179,440 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 633,839 shares. The stock had previously closed at $3.89.

Hesai Group Trading Up 2.8 %

The stock has a 50 day moving average of $4.17 and a 200 day moving average of $4.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.16 and a quick ratio of 2.68. The firm has a market cap of $508.11 million, a P/E ratio of -7.78 and a beta of 1.43.

Hesai Group (NASDAQ:HSAI) last announced its quarterly earnings data on Monday, August 19th. The company reported ($0.05) EPS for the quarter. The firm had revenue of $63.14 million for the quarter. Hesai Group had a negative net margin of 25.30% and a negative return on equity of 9.22%. As a group, equities research analysts predict that Hesai Group will post -0.35 EPS for the current year.

Institutional Investors Weigh In On Hesai Group

A number of hedge funds have recently made changes to their positions in the business. Polunin Capital Partners Ltd purchased a new position in Hesai Group in the 1st quarter worth $5,323,000. GSA Capital Partners LLP purchased a new position in shares of Hesai Group in the first quarter worth about $1,141,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Hesai Group in the 4th quarter valued at about $1,431,000. Susquehanna Fundamental Investments LLC boosted its holdings in Hesai Group by 107.7% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 144,420 shares of the company’s stock valued at $605,000 after acquiring an additional 74,888 shares during the period. Finally, Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Hesai Group during the fourth quarter valued at approximately $774,000. 48.53% of the stock is currently owned by institutional investors.

Hesai Group Company Profile

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.