The stock of Hesai Group ADR (HSAI) has gone down by -2.02% for the week, with a -1.55% drop in the past month and a 26.30% rise in the past quarter. The volatility ratio for the week is 7.40%, and the volatility levels for the past 30 days are 6.81% for HSAI. The simple moving average for the past 20 days is 10.94% for HSAI’s stock, with a -35.58% simple moving average for the past 200 days.
Is It Worth Investing in Hesai Group ADR (NASDAQ: HSAI) Right Now?
Moreover, the 36-month beta value for HSAI is 1.61. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HSAI is 79.97M and currently, short sellers hold a 3.37% of that float. On May 10, 2024, HSAI’s average trading volume was 756.17K shares.
HSAI) stock’s latest price update
The stock of Hesai Group ADR (NASDAQ: HSAI) has decreased by -1.17 when compared to last closing price of 5.15.Despite this, the company has seen a loss of -2.02% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-29 that SHANGHAI, China, April 29, 2024 (GLOBE NEWSWIRE) — Hesai Group (“Hesai,” “Hesai Technology” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its first quarter 2024 unaudited financial results on Monday, May 20, 2024, after the close of U.S. markets. The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on May 20, 2024 (9:00 AM Beijing/Hong Kong Time on May 21, 2024).
Analysts’ Opinion of HSAI
Many brokerage firms have already submitted their reports for HSAI stocks, with Citigroup repeating the rating for HSAI by listing it as a “Buy.” The predicted price for HSAI in the upcoming period, according to Citigroup is $12.90 based on the research report published on September 26, 2023 of the previous year 2023.
BofA Securities, on the other hand, stated in their research note that they expect to see HSAI reach a price target of $14.80. The rating they have provided for HSAI stocks is “Buy” according to the report published on September 22nd, 2023.
Goldman gave a rating of “Neutral” to HSAI, setting the target price at $12.40 in the report published on August 18th of the previous year.
HSAI Trading at 5.99% from the 50-Day Moving Average
After a stumble in the market that brought HSAI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.59% of loss for the given period.
Volatility was left at 6.81%, however, over the last 30 days, the volatility rate increased by 7.40%, as shares surge +15.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.73% upper at present.
During the last 5 trading sessions, HSAI rose by +0.67%, which changed the moving average for the period of 200-days by -56.31% in comparison to the 20-day moving average, which settled at $4.62. In addition, Hesai Group ADR saw -42.87% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for HSAI
Current profitability levels for the company are sitting at:
- -0.3 for the present operating margin
- 0.35 for the gross margin
The net margin for Hesai Group ADR stands at -0.25. The total capital return value is set at -0.13. Equity return is now at value -12.90, with -9.33 for asset returns.
Based on Hesai Group ADR (HSAI), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 88.32.
Currently, EBITDA for the company is -385.48 million with net debt to EBITDA at 2.07. When we switch over and look at the enterprise to sales, we see a ratio of 1.94. The receivables turnover for the company is 3.28for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.29.
Conclusion
To wrap up, the performance of Hesai Group ADR (HSAI) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
