Hesai Group (NASDAQ:HSAI – Get Free Report)’s stock price fell 6.5% during trading on Tuesday . The stock traded as low as $4.45 and last traded at $4.46. 335,431 shares were traded during trading, a decline of 49% from the average session volume of 652,998 shares. The stock had previously closed at $4.77.
Hesai Group Trading Down 8.0 %
The company has a quick ratio of 2.68, a current ratio of 3.16 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $557.65 million, a P/E ratio of -8.61 and a beta of 1.42. The firm’s 50-day moving average price is $4.25 and its 200 day moving average price is $4.53.
Hesai Group (NASDAQ:HSAI – Get Free Report) last issued its quarterly earnings data on Monday, August 19th. The company reported ($0.05) EPS for the quarter. Hesai Group had a negative return on equity of 9.22% and a negative net margin of 25.30%. The company had revenue of $63.14 million for the quarter. As a group, equities research analysts predict that Hesai Group will post -0.35 earnings per share 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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