Hesai Group ADR (NASDAQ: HSAI) Is Under Pressure Due To Weak Fundamental Momentum.

In the last trading session, 4.88 million Hesai Group ADR (NASDAQ:HSAI) shares changed hands as the company’s beta touched 2.60. With the company’s per share price at $7.64 changed hands at -$0.54 or -6.60% during last session, the market valuation stood at $744.44M. HSAI’s last price was a discount, traded about -45.94% off its 52-week high of $11.15. The share price had its 52-week low at $3.28, which suggests the last value was 57.07% up since then. When we look at Hesai Group ADR’s average trading volume, we note the 10-day average is 5.31 million shares, with the 3-month average coming to 1.28 million.

Analysts gave the Hesai Group ADR (HSAI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.38. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended HSAI as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight.

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Hesai Group ADR (NASDAQ:HSAI) trade information

Instantly HSAI was in red as seen at the end of in last trading. With action 61.18%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -14.25%, with the 5-day performance at 61.18% in the green. However, in the 30-day time frame, Hesai Group ADR (NASDAQ:HSAI) is 69.78% up. Looking at the short shares, we see there were 3.1 million shares sold at short interest cover period of 4.41 days.

Hesai Group ADR (HSAI) estimates and forecasts

Data shows that the Hesai Group ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 57.85% over the past 6 months, a -60.71% in annual growth rate that is considerably lower than the industry average of 8.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -27.73%. The 2024 estimates are for Hesai Group ADR earnings to increase by 78.32%, but the outlook for the next 5-year period is at 5.29% per year.

HSAI Dividends

Hesai Group ADR is expected to release its next quarterly earnings report in January.