In Friday’s Wall Street session, Hesai Group ADR (NASDAQ:HSAI) shares traded at $12.21, down -3.02% from the previous session.
HSAI stock price is now -29.73% away from the 50-day moving average and 29.34% away from the 200-day moving average. The market capitalization of the company currently stands at $1.23B.
With the price target of $35, Daiwa Securities recently initiated with Buy rating for Hesai Group ADR (NASDAQ: HSAI). On January 14, 2025, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $5.50 to quote $18.40, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Li Yifan, Officer bought 1,008,101 shares of the company’s stock on Mar 13 ’25. The stock was bought for $22,732,678 at an average price of $22.55. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’25, Officer Xiang Shaoqing bought 1,007,534 shares of the business’s stock. A total of $22,719,892 was incurred on buying the stock at an average price of $22.55. A total of 25.63% of the company’s stock is owned by insiders.
During the past 12 months, Hesai Group ADR has had a low of $3.52 and a high of $24.18. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 2.87, and a quick ratio of 2.51. The fifty day moving average price for HSAI is $17.3757 and a two-hundred day moving average price translates $9.4404 for the stock.
The latest earnings results from Hesai Group ADR (NASDAQ: HSAI) was released for 2024-12-31. The net profit margin was -4.92% and return on equity was -2.44% for HSAI. The company reported revenue of $94.82 million for the quarter, compared to $79.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.57 percent.
