In last trading session, Hesai Group ADR (NASDAQ:HSAI) saw 0.87 million shares changing hands with its beta currently measuring 1.53. Company’s recent per share price level of $4.52 trading at -$0.65 or -12.57% at ring of the bell on the day assigns it a market valuation of $431.66M. That closing price of HSAI’s stock is at a discount of -209.29% from its 52-week high price of $13.98 and is indicating a premium of 27.43% from its 52-week low price of $3.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.57 million shares which gives us an average trading volume of 900.32K if we extend that period to 3-months.
Hesai Group ADR (NASDAQ:HSAI) trade information
Upright in the red during last session for losing -12.57%, in the last five days HSAI remained trading in the red while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $4.52 price level, adding 15.51% to its value on the day. Hesai Group ADR’s shares saw a change of -49.27% in year-to-date performance and have moved -9.42% in past 5-day. Hesai Group ADR (NASDAQ:HSAI) showed a performance of -2.90% in past 30-days. Number of shares sold short was 2.73 million shares which calculate 1.48 days to cover the short interests.
Hesai Group ADR (HSAI) estimates and forecasts
Statistics highlight that Hesai Group ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -54.80% of value to its shares in past 6 months, showing an annual growth rate of 92.86% while that of industry is 14.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 57.10% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $46.61 million for the same. And 1 analysts are in estimates of company making revenue of $89.61 million in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -27.73% during past 5 years.
HSAI Dividends
Hesai Group ADR is more likely to be releasing its next quarterly report in May and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Hesai Group ADR (NASDAQ:HSAI)’s Major holders
Insiders are in possession of 23.97% of company’s total shares while institution are holding 42.31 percent of that, with stock having share float percentage of 55.65%. Investors also watch the number of corporate investors in a company very closely, which is 42.31% institutions for Hesai Group ADR that are currently holding shares of the company. Lightspeed Opportunity Fund, L.P. is the top institutional holder at HSAI for having 10.69 million shares of worth $112.55 million. And as of Jun 29, 2023, it was holding 11.19% of the company’s outstanding shares.
The second largest institutional holder is FIL LTD, which was holding about 2.85 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 2.99% of outstanding shares, having a total worth of $30.04 million.
On the other hand, Global X Fds-Global X Robotics & Artificial Intelligence Thematic ETF and Price (T.Rowe) New Asia Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 1.03 million shares of worth $10.28 million or 1.08% of the total outstanding shares. The later fund manager was in possession of 0.42 million shares on Jul 30, 2023, making its stake of worth around $5.39 million in the company or a holder of 0.44% of company’s stock.
