For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of Hesai Group ADR (NASDAQ: HSAI) closed at $8.00 in the last session, up 4.71% from day before closing price of $7.64. In other words, the price has increased by $4.71 from its previous closing price. On the day, 3.12 million shares were traded. HSAI stock price reached its highest trading level at $8.28 during the session, while it also had its lowest trading level at $7.46.
Ratios:
We take a closer look at HSAI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.65 and its Current Ratio is at 3.08. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on September 26, 2023, initiated with a Buy rating and assigned the stock a target price of $12.90.
On September 22, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $14.80.
Goldman Downgraded its Buy to Neutral on August 18, 2023, whereas the target price for the stock was revised from $25 to $12.40.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HSAI now has a Market Capitalization of 1019824000 and an Enterprise Value of -1524073088. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.93 while its Price-to-Book (P/B) ratio in mrq is 1.78. Its current Enterprise Value per Revenue stands at -0.835 whereas that against EBITDA is 3.301.
Stock Price History:
Over the past 52 weeks, HSAI has reached a high of $10.01, while it has fallen to a 52-week low of $3.28. The 50-Day Moving Average of the stock is 61.88%, while the 200-Day Moving Average is calculated to be 73.54%.
Shares Statistics:
According to the various share statistics, HSAI traded on average about 1.35M shares per day over the past 3-months and 5739200 shares per day over the past 10 days. A total of 97.44M shares are outstanding, with a floating share count of 80.47M. Shares short for HSAI as of 1730332800 were 3095073 with a Short Ratio of 1.93, compared to 1727654400 on 3079619. Therefore, it implies a Short% of Shares Outstanding of 3095073 and a Short% of Float of 3.6700000000000004.
