Hesai Group (NASDAQ:HSAI) Hits New 1-Year Low at $16.50

Shares of Hesai Group (NASDAQ:HSAIGet Rating) hit a new 52-week low on Wednesday . The company traded as low as $16.50 and last traded at $16.64, with a volume of 22388 shares changing hands. The stock had previously closed at $17.39.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HSAI shares. Credit Suisse Group started coverage on Hesai Group in a report on Tuesday, March 7th. They set an “outperform” rating and a $28.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Hesai Group in a research report on Friday, March 10th. They issued a “buy” rating and a $31.00 price objective for the company.

Hesai Group Stock Performance

Hesai Group Company Profile

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Hesai Group engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions, through its subsidiaries. Its LiDAR products are used in passenger and commercial vehicles. Hesai Group is based in Shanghai, China.

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