Hesai Group (NASDAQ:HSAI) Stock Price Up 6.6%

Shares of Hesai Group (NASDAQ:HSAI) rose 6.6% on Monday . The company traded as high as $5.03 and last traded at $5.03. Approximately 364,273 shares traded hands during trading, a decline of 52% from the average daily volume of 760,711 shares. The stock had previously closed at $4.72.

Hesai Group Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.84 and a current ratio of 3.33. The firm has a market capitalization of $612.28 million, a price-to-earnings ratio of -9.45 and a beta of 1.56. The business has a fifty day moving average of $4.80 and a two-hundred day moving average of $5.91.

Hesai Group (NASDAQ:HSAI) last posted its earnings results on Monday, May 20th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $49.74 million for the quarter. Hesai Group had a negative return on equity of 9.83% and a negative net margin of 25.68%. As a group, research analysts predict that Hesai Group will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Psagot Value Holdings Ltd. Israel acquired a new position in Hesai Group in the 4th quarter valued at $25,000. EntryPoint Capital LLC grew its holdings in Hesai Group by 34.2% in the 1st quarter. EntryPoint Capital LLC now owns 19,254 shares of the company’s stock valued at $97,000 after buying an additional 4,912 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in Hesai Group in the 4th quarter valued at $178,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Hesai Group during the 1st quarter worth $352,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Hesai Group during the 4th quarter worth $590,000. 48.53% of the stock is owned by institutional investors and hedge funds.

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.