Hesai Group ADR (NASDAQ: HSAI) stock fell -2.90% on Friday to $9.71 against a previous-day closing price of $10.00. With 0.42 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.23 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $10.45 whereas the lowest price it dropped to was $9.71. 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 $15.54.
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 -1.62%, but this was up by 1.78% over a month. Three-month performance dropped to -2.31% while six-month performance rose 11.23%. A look at the trailing 12-month EPS for HSAI yields -0.53 with Next year EPS estimates of -0.03. For the next quarter, that number is -0.12. This implies an EPS growth rate of 56.93% for this year and 92.40% for next year.
Float and Shares Shorts:
At present, 95.50 million HSAI shares are outstanding with a float of 83.78 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.7 million, which was 0.55% higher than short shares on Sep 28, 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 38.65% of HSAI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.73% of HSAI, in contrast to 3.25% held by mutual funds. As the largest shareholder in HSAI with 1.46% of the stake, FIL Investment Advisors holds 1,397,213 shares worth 1,397,213. A second-largest stockholder of HSAI, Global X Management Co. LLC, holds 1,045,809 shares, controlling over 1.10% of the firm’s shares. T. Rowe Price International Ltd. is the third largest shareholder in HSAI, holding 914,619 shares or 0.96% stake. With a 1.46% stake in HSAI, the Fidelity China Special Situations is the largest stakeholder. A total of 1,397,213 shares are owned by the mutual fund manager. The Global X Robotics & Artificial In, which owns about 1.03% of HSAI stock, is the second-largest Mutual Fund holder. It holds 987,900 shares valued at 9.54 million. Fidelity Funds SICAV – Pacific Fu holds 0.57% of the stake in HSAI, owning 545,087 shares worth 5.27 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 $131.28 and a low target of $93.36, the average target price over the next 12 months is $112.59. Based on these targets, HSAI could surge 1252.01% to reach the target high and rise by 861.48% to reach the target low. Reaching the average price target will result in a growth of 1059.53% from current levels.
