Hesai Group ADR (NASDAQ:HSAI) shares, rose in value on Wednesday, December 11, with the stock price down by -2.15% to the previous day’s close as strong demand from buyers drove the stock to $11.40.
Actively observing the price movement in the last trading, the stock closed the session at $11.65, falling within a range of $10.91 and $11.84. Referring to stock’s 52-week performance, its high was $11.86, and the low was $3.28. On the whole, HSAI has fluctuated by 152.77% over the past month.
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With the market capitalization of Hesai Group ADR currently standing at about $1.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.16B, with a low estimate of 713M and a high estimate of 760M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 736.95M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HSAI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of HSAI currently trading nearly 61.71% and 101.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 84.16, while the 7-day volatility ratio is showing 12.59% which for the 30-day chart, stands at 12.37%. Furthermore, Hesai Group ADR (HSAI)’s beta value is 2.23, and its average true range (ATR) is 0.91.
A comparison of Hesai Group ADR (HSAI) with its peers suggests the former has fared considerably weaker in the market. HSAI showed an intraday change of -2.15% in last session, and over the past year, it grew by 15.38%%.
Data on historical trading for Hesai Group ADR (NASDAQ:HSAI) indicates that the trading volumes over the past 10 days have averaged 8.02 and over the past 3 months, they’ve averaged 1.74 million. According to company’s latest data on outstanding shares, there are 97.44 million shares outstanding.
Nearly 17.42% of Hesai Group ADR’s shares belong to company insiders and institutional investors own 15.07% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.1 million shares as on 2024-10-31, resulting in a short ratio of 4.41. According to the data, the short interest in Hesai Group ADR (HSAI) stood at 367.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 3.08 million. The stock has risen by 27.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HSAI stock heading into the next quarter.
