Additionally, the 36-month beta value for HSAI is 1.40. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for HSAI is 80.47M and currently, short sellers hold a 4.02% ratio of that float. The average trading volume of HSAI on September 26, 2024 was 435.94K shares.
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HSAI) stock’s latest price update
Hesai Group ADR (NASDAQ: HSAI)’s stock price has gone rise by 5.61 in comparison to its previous close of 4.28, however, the company has experienced a 9.18% increase in its stock price over the last five trading days. prnewswire.com reported 2024-09-16 that HANNOVER, Germany, Sept. 16, 2024 /PRNewswire/ — Hesai Technology (Nasdaq: HSAI), the global leader in lidar technology, is launching its powerful new lidar solution OT128 at Europe’s biggest commercial vehicle trade fair IAA Transportation in Hannover (booth location: Hall 12, #C71).
HSAI’s Market Performance
Hesai Group ADR (HSAI) has seen a 9.18% rise in stock performance for the week, with a 11.05% gain in the past month and a 6.60% surge in the past quarter. The volatility ratio for the week is 5.26%, and the volatility levels for the past 30 days are at 4.87% for HSAI. The simple moving average for the last 20 days is 15.15% for HSAI’s stock, with a simple moving average of -11.29% for the last 200 days.
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 10.23% 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 -60.87% of loss for the given period.
Volatility was left at 4.87%, however, over the last 30 days, the volatility rate increased by 5.26%, as shares surge +19.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.54% lower at present.
During the last 5 trading sessions, HSAI rose by +9.16%, which changed the moving average for the period of 200-days by -51.67% in comparison to the 20-day moving average, which settled at $3.96. In addition, Hesai Group ADR saw -49.27% 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:
- -0.31 for the present operating margin
- 0.39 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 -11.00, with -8.07 for asset returns.
Based on Hesai Group ADR (HSAI), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is -74.07.
Currently, EBITDA for the company is -385.48 million with net debt to EBITDA at 3.57. When we switch over and look at the enterprise to sales, we see a ratio of 1.4. The receivables turnover for the company is 2.5for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.16.
Conclusion
In conclusion, Hesai Group ADR (HSAI) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
