While Hesai Group ADR has underperformed by -2.97%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HSAI fell by -67.59%, with highs and lows ranging from $17.28 to $3.28, whereas the simple moving average fell by -48.76% in the last 200 days.
On September 26, 2023, Citigroup started tracking Hesai Group ADR (NASDAQ: HSAI) recommending Buy. A report published by BofA Securities on September 22, 2023, Initiated its previous ‘Buy’ rating for HSAI. Goldman also Downgraded HSAI shares as ‘Neutral’, setting a target price of $12.40 on the company’s shares in a report dated August 18, 2023. Goldman Initiated an Buy rating on March 13, 2023, and assigned a price target of $31. Credit Suisse initiated its ‘Outperform’ rating for HSAI, as published in its report on March 07, 2023.
Analysis of Hesai Group ADR (HSAI)
Further, the quarter-over-quarter increase in sales is 35.02%, showing a positive trend in the upcoming months.
Hesai Group ADR’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -12.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.92, 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.
The average volume for any stock is also a very valuable indicator of volatility, and HSAI has an average volume of 875.89K. On a monthly basis, the volatility of the stock is set at 11.30%, whereas on a weekly basis, it is put at 9.90%, with a loss of -1.72% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.28, showing growth from the present price of $4.57, 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 ADR Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 17.93%. 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 15.76% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HSAI shares are owned by institutional investors to the tune of 15.76% at present.
