Hesai Group (NASDAQ:HSAI) Shares Gap Down to $4.69

Hesai Group (NASDAQ:HSAI)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $4.69, but opened at $4.53. Hesai Group shares last traded at $4.59, with a volume of 84,766 shares changing hands.

Hesai Group Stock Performance

The company has a market cap of $567.82 million, a P/E ratio of -9.20 and a beta of 1.43. The company’s fifty day moving average is $4.10 and its 200 day moving average is $4.51. The company has a current ratio of 3.16, a quick ratio of 2.68 and a debt-to-equity ratio of 0.09.

Hesai Group (NASDAQ:HSAI) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $63.14 million for the quarter. Hesai Group had a negative net margin of 25.30% and a negative return on equity of 9.22%. As a group, equities analysts predict that Hesai Group will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hesai Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new stake in shares of Hesai Group during the fourth quarter valued at approximately $590,000. Polunin Capital Partners Ltd bought a new position in Hesai Group in the 1st quarter worth about $5,323,000. GSA Capital Partners LLP purchased a new stake in shares of Hesai Group during the first quarter valued at approximately $1,141,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Hesai Group during the first quarter valued at $352,000. Finally, EntryPoint Capital LLC boosted its holdings in Hesai Group by 34.2% in the first quarter. EntryPoint Capital LLC now owns 19,254 shares of the company’s stock worth $97,000 after purchasing an additional 4,912 shares during the last quarter. 48.53% of the stock is currently owned by institutional investors.

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.