Hesai's 9.73% Rally on $310M Volume (Rank 341) Fuels Sector Outperformance and 31.52% Strategy Return in 365 Days

Hesai (HSAI) surged 9.73% on August 15, with a trading volume of $310 million, ranking 341st in market activity. This follows a 53.9% year-over-year increase in second-quarter net revenues to RMB 706.4 million, alongside a shift from a prior-year loss to a net income of RMB 0.33 per share.

Analyst sentiment has improved, with Hesai outperforming its Auto-Tires-Trucks sector peers by a significant margin. Year-to-date, the stock has gained approximately 68.7%, contrasting with the sector’s average decline of -8.9%. This outperformance is attributed to upward revisions in earnings estimates and a Zacks Rank of #2 (Buy), reflecting strong earnings growth and positive investor sentiment.

A backtesting analysis of a strategy buying the top 500 stocks by daily trading volume and holding for one day from 2022 to the present showed a 1-day return of 0.98% and a total return of 31.52% over 365 days. This highlights the strategy’s ability to capture short-term momentum, though it also underscores market volatility and timing risks.