Hesai Group ADR (NASDAQ:HSAI) price on Thursday, December 26, rose 12.52% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $14.47.
A look at the stock’s price movement, the close in the last trading session was $12.86, moving within a range at $13.27 and $14.47. Turning to its 52-week performance, $14.40 and $3.28 were the 52-week high and 52-week low respectively. Overall, HSAI moved 204.63% over the past month.
Hesai Group ADR’s market cap currently stands at around $1.41 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 736.95M for the company’s revenue for the quarter, with a low and high estimate of 713M and 760M respectively. The average forecast suggests up to a 31.32% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.15B, representing a 14.32% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HSAI is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 4 recommend HSAI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HSAI’s current price about 34.25% and 104.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 70.39, while 7-day volatility ratio is 11.04% and 16.88% in the 30-day chart. Further, Hesai Group ADR (HSAI) has a beta value of 2.13, and an average true range (ATR) of 1.36.
If we refocus on Hesai Group ADR (NASDAQ:HSAI), historical trading data shows that trading volumes averaged 3.26 over the past 10 days and 2.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 97.44 million shares.
The 17.42% of Hesai Group ADR’s shares are in the hands of company insiders while institutional holders own 14.95% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.1 million on 2024-10-31, giving us a short ratio of 4.41. The data shows that as of 2024-10-31 short interest in Hesai Group ADR (HSAI) stood at 367.00000000000006 of shares outstanding, with shares short rising to 3.08 million registered in 2024-09-30. Current price change has pushed the stock 62.40% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HSAI stock continues to rise going into the next quarter.
