There is no way Hesai Group (HSAI) can keep these numbers up

Hesai Group (NASDAQ: HSAI) stock fell -1.60% on Thursday to $7.98 against a previous-day closing price of $8.11. With 0.55 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.3 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $8.69 whereas the lowest price it dropped to was $7.84. The 52-week range on HSAI shows that it touched its highest point at $30.35 and its lowest point at $7.35 during that stretch. It currently has a 1-year price target of $30.13.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HSAI was down-trending over the past week, with a drop of -4.55%, but this was down by -6.67% over a month. A look at the trailing 12-month EPS for HSAI yields -0.85 with Next year EPS estimates of 0.41. For the next quarter, that number is -0.09. This implies an EPS growth rate of 69.60% for this year and 220.60% for next year.

Float and Shares Shorts:

At present, 125.53 million HSAI shares are outstanding with a float of 72.60 million shares on hand for trading. On May 14, 2023, short shares totaled 0.22 million, which was 0.18% higher than short shares on Apr 13, 2023. In addition to Dr. Yifan Li as the firm’s Co-Founder, CEO & Director, Dr. Kai Sun serves as its Co-Founder, Chief Scientist & Director.

Institutional Ownership:

Through their ownership of 31.53% of HSAI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.01% of HSAI, in contrast to 4.05% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in HSAI with 1.07% of the stake, T. Rowe Price Associates, Inc. holds 1,017,952 shares worth 1,017,952. A second-largest stockholder of HSAI, FIL Investment Advisors, holds 889,610 shares, controlling over 0.93% of the firm’s shares. Fideuram Asset Management is the third largest shareholder in HSAI, holding 773,590 shares or 0.81% stake. With a 0.79% stake in HSAI, the American Funds Small Cap World Fu is the largest stakeholder. A total of 753,979 shares are owned by the mutual fund manager. The Fonditalia – Equity China, which owns about 0.48% of HSAI stock, is the second-largest Mutual Fund holder. It holds 459,502 shares valued at 4.14 million. T Rowe Price New Asia Fund holds 0.44% of the stake in HSAI, owning 423,682 shares worth 3.82 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HSAI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HSAI analysts setting a high price target of $197.15 and a low target of $176.02, the average target price over the next 12 months is $186.17. Based on these targets, HSAI could surge 2370.55% to reach the target high and rise by 2105.76% to reach the target low. Reaching the average price target will result in a growth of 2232.96% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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