A share of Hesai Group (NASDAQ:HSAI) closed at $12.17 per share on Thursday, down from $13.22 day before. While Hesai Group has underperformed by -7.94%, investors are advised to look at stock chart patterns for technical insight.
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On March 13, 2023, Goldman started tracking Hesai Group (NASDAQ: HSAI) recommending Buy. A report published by Credit Suisse on March 07, 2023, Initiated its previous ‘Outperform’ rating for HSAI.
Analysis of Hesai Group (HSAI)
Further, the quarter-over-quarter increase in sales is 82.40%, showing a positive trend in the upcoming months.
Hesai Group’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 26.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and HSAI is registering an average volume of 576.72K. On a monthly basis, the volatility of the stock is set at 10.24%, whereas on a weekly basis, it is put at 11.12%, with a loss of -28.33% over the past seven days. Furthermore, long-term investors anticipate a median target price of $30.13, showing growth from the present price of $12.17, which can serve as yet another indication of whether HSAI is worth investing in or should be passed over.
How Do You Analyze Hesai Group Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 23.98%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.43% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in HSAI shares?
The recent increase in stakes in HSAI appears to be a result of several institutional investors and hedge funds increasing their positions. The company now owns 622,622 shares of the stock, with a value of $11.66 million, following the purchase of 622,622 additional shares during the last quarter.
HSAI shares are owned by institutional investors to the tune of 29.43% at present.
