As of Tuesday, Hesai Group’s (NASDAQ:HSAI) stock closed at $11.79, up from $10.81 the previous day. While Hesai Group has overperformed by 9.07%, investors are advised to look at stock chart patterns for technical insight.
On March 13, 2023, Goldman started tracking Hesai Group (NASDAQ: HSAI) recommending Buy.
Analysis of Hesai Group (HSAI)
Further, the quarter-over-quarter increase in sales is 64.50%, showing a positive trend in the upcoming months.
One of the most important indicators of Hesai Group’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 4.00, 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 also provide valuable insight into volatility, and HSAI is recording 334.96K average volume. On a monthly basis, the volatility of the stock is set at 10.42%, whereas on a weekly basis, it is put at 9.39%, with a loss of -4.30% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.73, showing growth from the present price of $11.79, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 38.65% 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 1,017,952 shares of the stock, with a value of $10.72 million, following the purchase of 1,017,952 additional shares during the last quarter. During the last quarter, the company dropped down 889,610 additional shares for a total stake of worth $9.37 million, bringing number of shares owned by the company to 889,610.
At the end of the first quarter, T. Rowe Price Hong Kong Ltd. increased its HSAI holdings by 0.51% and now holds 0.58 million HSAI shares valued at $6.11 million with the added 2968.0 shares during the period. HSAI shares are owned by institutional investors to the tune of 38.65% at present.