Hesai Group (NASDAQ:HSAI) Issues Earnings Results

Hesai Group (NASDAQ:HSAI) released its quarterly earnings data on Monday. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($1.27), Zacks reports. Hesai Group had a negative net margin of 20.31% and a negative return on equity of 6.79%. Hesai Group updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Hesai Group Price Performance

Shares of NASDAQ:HSAI traded down $1.42 during trading on Monday, reaching $16.01. The stock had a trading volume of 3,251,703 shares, compared to its average volume of 1,529,464. The stock has a market capitalization of $2.03 billion, a PE ratio of -36.39, a P/E/G ratio of 1.44 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.08 and a quick ratio of 2.65. Hesai Group has a 52 week low of $3.52 and a 52 week high of $20.18. The business’s 50-day moving average price is $16.10 and its 200 day moving average price is $9.58.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Morgan Stanley downgraded Hesai Group from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $5.80 to $15.00 in a research report on Monday, January 13th. The Goldman Sachs Group raised Hesai Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $5.50 to $18.40 in a report on Tuesday, January 14th.

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.