As this happened, Citigroup initiated its Hesai Group ADR [HSAI] rating to a Buy in a research note published on September 26, 2023; the price target was $12.90. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Goldman also remained covering HSAI and has decreased its forecast on August 18, 2023 with a “Neutral” recommendation from previously “Buy” rating. Goldman started covering the stock on March 13, 2023. It rated HSAI as “a Buy”.
Price Performance Review of HSAI
On Tuesday, Hesai Group ADR [NASDAQ:HSAI] saw its stock unchanged to $14.76. Over the last five days, the stock has gained 0.41%. Hesai Group ADR shares have risen nearly 6.80% since the year began. Nevertheless, the stocks have risen 82.45% over the past one year. While a 52-week high of $16.35 was reached on 01/02/25, a 52-week low of $3.28 was recorded on 01/02/25. SMA at 50 days reached $8.49, while 200 days put it at $5.52.
Levels Of Support And Resistance For HSAI Stock
The 24-hour chart illustrates a support level at 14.13, which if violated will result in even more drops to 13.49. On the upside, there is a resistance level at 15.50. A further resistance level may holdings at 16.23. The Relative Strength Index (RSI) on the 14-day chart is 62.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.73%. Stochastics %K at 78.96% indicates the stock is a holding.
How much short interest is there in Hesai Group ADR?
A steep rise in short interest was recorded in Hesai Group ADR stocks on 2024-10-31, growing by 15454.0 shares to a total of 3.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.08 million shares. There was a rise of 0.5%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 07, 2023 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $28 price target.
