In the last trading session, 2.79 million shares of the Hesai Group ADR (NASDAQ:HSAI) were traded, and its beta was 0.96. Most recently the company’s share price was $18.85, and it changed around $0.45 or 2.45% from the last close, which brings the market valuation of the company to $1.84B. HSAI currently trades at a discount to its 52-week high of $24.18, offering almost -28.28% off that amount. The share price’s 52-week low was $3.52, which indicates that the current value has risen by an impressive 81.33% since then. We note from Hesai Group ADR’s average daily trading volume that its 10-day average is 8.98 million shares, with the 3-month average coming to 4.27 million.
Hesai Group ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.24. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended HSAI as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Hesai Group ADR is expected to report earnings per share of -0.13 for the current quarter.
Hesai Group ADR (NASDAQ:HSAI) trade information
Instantly HSAI has showed a green trend with a performance of 2.45% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 23.00 on recent trading dayincreased the stock’s daily price by 18.04%. The company’s shares are currently up 36.40% year-to-date, but still down -15.47% over the last five days. On the other hand, Hesai Group ADR (NASDAQ:HSAI) is -3.97% down in the 30-day period. We can see from the shorts that 2.55 million shares have been sold at a short interest cover period of 0.64 day(s).
Hesai Group ADR (HSAI) estimates and forecasts
The year-over-year growth rate is expected to be 65.29%, up from the previous year. Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 532.16M in revenue for the current quarter. 1 analysts expect Hesai Group ADR to make 680.51M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 359.12M and 458.86M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 48.18%. Forecasts for the next quarter put sales growth at 48.30%. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.46%.
Hesai Group ADR (NASDAQ:HSAI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 15.41% of Hesai Group ADR shares, and 41.20% of them are in the hands of institutional investors. The stock currently has a share float of 48.70%. Hesai Group ADR stock is held by 91.0 institutions, with LIGHTSPEED OPPORTUNITY FUND, L.P. being the largest institutional investor. By 2024-06-30, it held 8.2804% of the shares, which is about 10.69 million shares worth $44.78 million.
FIL LTD, with 3.9011% or 5.04 million shares worth $21.1 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
