As this happened, Goldman upgraded its Hesai Group ADR [HSAI] rating to a Buy from a a Neutral in a research note published on January 14, 2025; the price target was increased to $18.40 from $5.50. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “an Equal-weight”. Citigroup began covering HSAI with “Buy” recommendation on September 26, 2023. BofA Securities started covering the stock on September 22, 2023. It rated HSAI as “a Buy”.
Price Performance Review of HSAI
On Friday, Hesai Group ADR [NASDAQ:HSAI] saw its stock jump 4.70% to $15.59. Over the last five days, the stock has gained 2.43%. Hesai Group ADR shares have risen nearly 12.81% since the year began. Nevertheless, the stocks have risen 120.51% 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 01/08/25. SMA at 50 days reached $9.90, while 200 days put it at $5.87.
Levels Of Support And Resistance For HSAI Stock
The 24-hour chart illustrates a support level at 15.00, which if violated will result in even more drops to 14.40. On the upside, there is a resistance level at 16.05. A further resistance level may holdings at 16.50. The Relative Strength Index (RSI) on the 14-day chart is 60.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.38%. Stochastics %K at 66.93% 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.
