Hesai Group (NASDAQ:HSAI – Get Free Report)’s share price rose 5.4% on Tuesday . The stock traded as high as $4.70 and last traded at $4.70. Approximately 164,957 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 695,510 shares. The stock had previously closed at $4.46.
Hesai Group Price Performance
The firm has a market cap of $599.58 million, a price-to-earnings ratio of -9.16 and a beta of 1.49. The company has a current ratio of 3.33, a quick ratio of 2.84 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average price is $4.76 and its 200-day moving average price is $5.19.
Hesai Group (NASDAQ:HSAI – Get Free Report) last announced its quarterly earnings results on Monday, May 20th. The company reported ($0.08) earnings per share for the quarter. Hesai Group had a negative net margin of 25.68% and a negative return on equity of 9.83%. The company had revenue of $49.74 million for the quarter. As a group, equities research analysts forecast that Hesai Group will post -0.14 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Hesai Group
About Hesai Group
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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