Last Updated: 18 Sep 2024
Executive Summary
Hesai Group American Depositary Share (HSAI) is a Chinese company that develops, manufactures, and sells three-dimensional light detection and ranging solutions (LiDAR). The company has a market capitalization of $509.79 million and its latest stock price is $4. Analysts have a strong buy rating on the stock, with a target price of $7.65.
Company Overview
Hesai Group was founded in 2014 and is headquartered in Shanghai, China. The company's products are used in a variety of applications, including autonomous driving, robotics, and surveying. Hesai Group has a strong track record of innovation and has been recognized as a leader in the LiDAR industry.
Fundamental Analysis
Hesai Group's financial performance has been mixed in recent years. The company has reported losses in each of the past three years, but its revenue has grown rapidly. In 2022, Hesai Group reported revenue of $1.82 billion, up 42% from the previous year. The company's gross profit margin has also improved in recent years, from 20.9% in 2020 to 25.9% in 2022.
Hesai Group's financial performance is expected to improve in the coming years. The company is benefiting from the growing demand for LiDAR technology in the autonomous driving and robotics markets. Hesai Group is also expanding its international presence, which should help to drive growth.
Technical Analysis
Hesai Group's stock price has been in a downtrend since early 2023. The stock has fallen from a high of $11.55 in January to a low of $3.28 in June. The stock is currently trading at $4, which is below its 50-day and 200-day moving averages.
The technical analysis suggests that Hesai Group's stock is oversold and could be due for a rebound. The stock is trading below its support level at $4.50, which could provide a buying opportunity.
Short Term Outlook
Hesai Group's stock is expected to rebound in the short term. The stock is oversold and is trading below its support level. The company's financial performance is expected to improve in the coming years, which should provide support for the stock price.
Long Term Outlook
Hesai Group's stock is expected to perform well in the long term. The company is a leader in the LiDAR industry and is benefiting from the growing demand for LiDAR technology. Hesai Group is also expanding its international presence, which should help to drive growth.
Analyst Recommendations
Analysts have a strong buy rating on Hesai Group's stock. The average target price is $7.65, which represents a potential upside of 91% from the current price.
