Hesai Group (NASDAQ:HSAI) Trading 5% Higher – Still a Buy?

Hesai Group (NASDAQ:HSAI) traded up 5% during trading on Tuesday . The stock traded as high as $4.83 and last traded at $4.80. 251,106 shares traded hands during trading, a decline of 61% from the average session volume of 646,342 shares. The stock had previously closed at $4.57.

Hesai Group Price Performance

The business has a 50-day moving average price of $4.33 and a two-hundred day moving average price of $4.51. The company has a quick ratio of 2.68, a current ratio of 3.16 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $609.73 million, a price-to-earnings ratio of -9.43 and a beta of 1.42.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in Hesai Group during the first quarter worth about $1,141,000. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Hesai Group by 107.7% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 144,420 shares of the company’s stock worth $605,000 after buying an additional 74,888 shares during the last quarter. Renaissance Technologies LLC grew its position in Hesai Group by 44.1% during the second 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 period. Finally, EntryPoint Capital LLC increased its holdings in Hesai Group by 34.2% during the first quarter. EntryPoint Capital LLC now owns 19,254 shares of the company’s stock worth $97,000 after buying an additional 4,912 shares during the last quarter. Institutional investors own 48.53% of the company’s stock.

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.