Hesai Group ADR [NASDAQ: HSAI] stock went on an upward path that rose over 12.52% on Thursday, amounting to a one-week price increase of more than 31.55%.
Over the last 12 months, HSAI stock rose by 65.37%. The one-year Hesai Group ADR stock forecast points to a potential downside of -41.59. The average equity rating for HSAI stock is currently 1.33, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.41 billion, with 97.44 million shares outstanding and 80.47 million shares in the current float. Compared to the average trading volume of 2.20M shares, HSAI stock reached a trading volume of 4471588 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Hesai Group ADR [HSAI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HSAI shares is $10.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HSAI stock is a recommendation set at 1.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Hesai Group ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 26, 2023. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on September 22, 2023, representing the official price target for Hesai Group ADR stock. Previously, the target price had yet another drop from $25 to $12.40, while Goldman kept a Neutral rating on HSAI stock.
The Average True Range (ATR) for Hesai Group ADR is set at 1.36, with the Price to Sales ratio for HSAI stock in the period of the last 12 months amounting to 5.30. The Price to Book ratio for the last quarter was 3.22, with the Price to Cash per share for the same quarter was set at 3.70.
HSAI Stock Performance Analysis:
Hesai Group ADR [HSAI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 31.55. With this latest performance, HSAI shares gained by 204.63% in over the last four-week period, additionally plugging by 241.27% over the last 6 months – not to mention a rise of 65.37% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HSAI stock in for the last two-week period is set at 70.39, with the RSI for the last a single of trading hit 70.65, and the three-weeks RSI is set at 70.21 for Hesai Group ADR [HSAI]. The present Moving Average for the last 50 days of trading for this stock 7.06, while it was recorded at 12.76 for the last single week of trading, and 5.17 for the last 200 days.
Insight into Hesai Group ADR Fundamentals:
Hesai Group ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.65 and a Current Ratio set at 3.08.
HSAI Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HSAI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hesai Group ADR go to 5.29%.
