Hesai Group ADR (HSAI) average volume reaches $2.29M: Is Wall Street expecting a rally?

On Friday, Hesai Group ADR (NASDAQ: HSAI) opened lower -6.57% from the last session, before settling in for the closing price of $14.47. Price fluctuations for HSAI have ranged from $3.28 to $14.47 over the past 52 weeks.

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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 53.32%. Company’s average yearly earnings per share was noted 76.68% at the time writing. With a float of $80.47 million, this company’s outstanding shares have now reached $97.44 million.

Let’s determine the extent of company efficiency that accounts for 1122 employees. In terms of profitability, gross margin is 43.52%, operating margin of -24.72%, and the pretax margin is -20.27%.

Hesai Group ADR (HSAI) Insider Activity

A key investor’s attitude towards the stock of the Auto Parts industry is another important factor to consider. The insider ownership of Hesai Group ADR is 17.42%, while institutional ownership is 14.95%.

Hesai Group ADR (HSAI) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 76.68% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.29% during the next five years compared to -27.73% drop over the previous five years of trading.

Hesai Group ADR (NASDAQ: HSAI) Trading Performance Indicators

Check out the current performance indicators for Hesai Group ADR (HSAI). In the past quarter, the stock posted a quick ratio of 2.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.95.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.42, a number that is poised to hit 0.19 in the next quarter and is forecasted to reach 0.24 in one year’s time.

Technical Analysis of Hesai Group ADR (HSAI)

Looking closely at Hesai Group ADR (NASDAQ: HSAI), its last 5-days average volume was 3.09 million, which is a jump from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 79.50%. Additionally, its Average True Range was 1.38.

During the past 100 days, Hesai Group ADR’s (HSAI) raw stochastic average was set at 88.81%, which indicates a significant increase from 73.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 189.44% in the past 14 days, which was higher than the 118.36% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.24, while its 200-day Moving Average is $5.22. However, in the short run, Hesai Group ADR’s stock first resistance to watch stands at $14.50. Second resistance stands at $15.48. The third major resistance level sits at $16.18. If the price goes on to break the first support level at $12.82, it is likely to go to the next support level at $12.12. Should the price break the second support level, the third support level stands at $11.14.

Hesai Group ADR (NASDAQ: HSAI) Key Stats

There are currently 127,028K shares outstanding in the company with a market cap of 1.32 billion. Presently, the company’s annual sales total 264,370 K according to its annual income of -67,040 K. Last quarter, the company’s sales amounted to 76,870 K and its income totaled -10,030 K.