Hesai Group (NASDAQ:HSAI) Shares Gap Down to $5.17

Hesai Group (NASDAQ:HSAI)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $5.17, but opened at $5.01. Hesai Group shares last traded at $4.88, with a volume of 125,816 shares traded.

Hesai Group Stock Down 12.6 %

The company has a current ratio of 3.29, a quick ratio of 2.92 and a debt-to-equity ratio of 0.10. The business’s 50-day simple moving average is $4.56 and its 200-day simple moving average is $7.46. The company has a market capitalization of $567.44 million, a PE ratio of -8.53 and a beta of 1.75.

Hesai Group (NASDAQ:HSAI) last issued its earnings results on Monday, March 11th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $79.04 million for the quarter. Hesai Group had a negative return on equity of 10.93% and a negative net margin of 25.38%. As a group, equities research analysts anticipate that Hesai Group will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Hesai Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Psagot Value Holdings Ltd. Israel purchased a new position in shares of Hesai Group during the 4th quarter valued at approximately $25,000. US Bancorp DE acquired a new stake in Hesai Group during the fourth quarter valued at $32,000. JPMorgan Chase & Co. purchased a new position in Hesai Group in the first quarter valued at $68,000. UBS Group AG acquired a new position in shares of Hesai Group in the first quarter worth about $78,000. Finally, Barclays PLC purchased a new stake in shares of Hesai Group during the 1st quarter worth about $110,000. Institutional investors and hedge funds own 48.53% of the company’s stock.

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.