The trading price of Hesai Group ADR (NASDAQ:HSAI) closed lower on Tuesday, March 04, and closing at $15.74, -1.13% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $20.18 and a 52-week low of $3.52. Over the past month, the stock has gained 1.94% in value.
Hesai Group ADR, whose market valuation is $1.53 billion at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 1.42 per share this quarter, however they have predicted annual earnings per share of -0.29 for current year and 1.44 for next year.
Analysts have forecast the company to bring in revenue of 723.6M for the current quarter, with the likely lows of 697.81M and highs of 760M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.12B.
On the technical side, indicators suggest HSAI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned HSAI a recommendation rating is 6. Out of them, 2 rate it a Hold, while 4 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Hesai Group ADR (HSAI) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that HSAI’s price is currently -9.38% off the SMA20 and 0.70% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.31, and weekly volatility stands at 10.57%. When measured over the past 30 days, the indicator reaches 10.39%. Hesai Group ADR (NASDAQ:HSAI)’s beta value is currently sitting at 1.21, while the Average True Range indicator is currently displaying 1.72.
To see how Hesai Group ADR stock has been performing in comparison to its peers in the industry, here are the numbers: HSAI stock’s performance was -1.13% in the latest trading, and 326.56% in the past year.
An evaluation of the daily trading volume of Hesai Group ADR (NASDAQ:HSAI) indicates that the 3-month average is 3.50 million.
Currently, records show that 97.44 million of the company’s shares remain outstanding. The insiders hold 25.63% of outstanding shares, whereas institutions hold 17.97%. However, since the stock’s price has seen 13.89% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
