Currently, there are 97.44M common shares owned by the public and among those 80.47M shares have been available to trade.
The company’s stock has a 5-day price change of 19.48% and 250.63% over the past three months. HSAI shares are trading 56.23% year to date (YTD), with the 12-month market performance up to 52.97% higher. It has a 12-month low price of $3.28 and touched a high of $11.86 over the same period. HSAI has an average intraday trading volume of 1.85 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 63.23%, 125.97%, and 180.59% respectively.
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Institutional ownership of Hesai Group ADR (NASDAQ: HSAI) shares accounts for 15.03% of the company’s 97.44M shares outstanding.
It has a market capitalization of $1.36B and a beta (3y monthly) value of 2.45. The earnings-per-share (ttm) stands at -$0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.36% over the week and 14.44% over the month.
Earnings per share for the fiscal year are expected to increase by 76.72%, and 305.37% over the next financial year. EPS should grow at an annualized rate of 5.29% over the next five years, compared to -27.73% over the past 5-year period.
Looking at the support for the HSAI, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on September 26, 2023, with the firm’s price target at $12.90. BofA Securities coverage for the Hesai Group ADR (HSAI) stock in a research note released on September 22, 2023 offered a Buy rating with a price target of $14.80. Goldman was of a view on August 18, 2023 that the stock is Neutral, while Goldman gave the stock Buy rating on March 13, 2023, issuing a price target of $31. Credit Suisse on their part issued Outperform rating on March 07, 2023.
