Hesai Group (NASDAQ:HSAI) Shares Gap Up to $4.11

Hesai Group (NASDAQ:HSAI) gapped up before the market opened on Wednesday . The stock had previously closed at $4.11, but opened at $4.21. Hesai Group shares last traded at $4.23, with a volume of 127,568 shares traded.

Hesai Group Stock Down 0.6 %

The company has a current ratio of 3.29, a quick ratio of 2.92 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average price of $4.59 and a 200 day moving average price of $7.32.

Hesai Group (NASDAQ:HSAI) last issued its quarterly earnings data on Monday, March 11th. The company reported ($0.11) EPS for the quarter. The business had revenue of $79.04 million for the quarter. Hesai Group had a negative return on equity of 10.93% and a negative net margin of 25.38%. Sell-side analysts anticipate that Hesai Group will post -0.02 EPS for the current year.

Institutional Trading of Hesai Group

A number of hedge funds have recently bought and sold shares of HSAI. Psagot Value Holdings Ltd. Israel bought a new stake in Hesai Group in the 4th quarter worth approximately $25,000. US Bancorp DE bought a new stake in Hesai Group in the 4th quarter worth approximately $32,000. JPMorgan Chase & Co. bought a new stake in Hesai Group in the 1st quarter worth approximately $68,000. UBS Group AG bought a new stake in Hesai Group in the first quarter valued at approximately $78,000. Finally, Barclays PLC bought a new stake in Hesai Group in the first quarter valued at approximately $110,000. Institutional investors own 48.53% of the company’s stock.

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.