Hesai Group (NASDAQ:HSAI – Get Free Report) dropped 4.8% during mid-day trading on Wednesday . The company traded as low as $3.93 and last traded at $3.94. Approximately 294,153 shares were traded during trading, a decline of 56% from the average daily volume of 667,371 shares. The stock had previously closed at $4.14.
Hesai Group Stock Down 7.5 %
The stock’s fifty day simple moving average is $4.43 and its two-hundred day simple moving average is $4.59. The company has a market capitalization of $486.52 million, a price-to-earnings ratio of -8.12 and a beta of 1.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.84 and a current ratio of 3.33.
Hesai Group (NASDAQ:HSAI – Get Free Report) last announced its quarterly earnings data on Monday, May 20th. The company reported ($0.08) EPS for the quarter. The company had revenue of $49.74 million for the quarter. Hesai Group had a negative net margin of 25.68% and a negative return on equity of 9.83%. On average, sell-side analysts anticipate that Hesai Group will post -0.45 EPS for the current year.
Hedge Funds Weigh In On Hesai Group
About Hesai Group
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.
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