As of Friday close, Hesai Group’s (NASDAQ:HSAI) stock was down -$1.16, moving down -10.65 percent to $9.73. The average number of shares traded per day over the past five days has been 377,360 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.95 fall in that time frame. In the last twenty days, the average volume was 367,235, while in the previous 50 days, it was 334,782.
Since last month, HSAI stock retreated -10.24%. Shares of the company fell to $9.72 on 08/18/23, the lowest level in the past month. Since the beginning of this year, HSAI’s stock price has dropped by -53.78%. However, the stock has declined by -67.95% since its 52-week high.
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Financial Health
In the recent quarter, Hesai Group’s quick ratio stood at 4.00, while its current ratio was 4.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.03, and the total debt-to-equity ratio was 0.06. Based on annual data, HSAI earned $68.43 million in gross profit and brought in $174.37 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HSAI’s revenue rose 100.0% during the quarter, while net income inched up to $174.37 million. During the quarter, the company generated -$15.65 million in EBITDA. The liabilities of Hesai Group were 162.28 million at the end of its most recent quarter.
Technical Picture
This quick technical analysis looks at Hesai Group’s (HSAI) price momentum. With a historical volatility rate of 93.14%, the RSI 9-day stood at 33.92% on 18 August.
With respect to its five-day moving average, the current Hesai Group price is down by -8.90% percent or -$0.95. At present, HSAI shares trade -6.26% below its 20-day simple moving average and -36.24% percent below its 100-day simple moving average. However, the stock is currently trading approximately +9.94% above its SMA50.
Stochastic coefficient K was 21.55% and Stochastic coefficient D was 31.85%, while ATR was 0.99. Given the Stochastic reading of 0.25% for the 14-day period, the RSI (14) reading has been calculated as 39.67%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -0.52.
Analyst Ratings
Hesai Group downgraded its rating on Hesai Group (NASDAQ: HSAI) to a Neutral in a note to investors on Aug-19-23. The analysts firm previously had a Buy rating on the stock.Hesai Group (HSAI) has been rated Buy by analysts. According to 0 brokerage firms, HSAI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Hesai Group stock as buy, with 3 recommending it as overweight.
With a median target price of $182.74, the current consensus forecast for the stock is $112.99 – $218.58. Based on these forecasts, analysts predict Hesai Group (HSAI) will achieve an average price target of $171.44.
