What is HSAI's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for HSAI.

Stock Ratings / Industrials / HSAI / options

SPB (68) NN (18) MFP (48) RUN (25) ⌘ Pro Terminal →

Hesai Group (HSAI) Options Positioning, Max Pain & Unusual Sweeps

$12.30 +0.99% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $12.30

Hesai Group (HSAI) carries a Roarable Rating of D- (Sell) with 38/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $1.91B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is HSAI stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Hesai Group (NASDAQ: HSAI) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 38/100 at a spot price of $12.30 (+0.99% 1D, market cap $1.91B). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 14/20, FRED Macro Regime Fit 8/20, and Executive Insider Alignment 6/20. Across 486 tracked Industrials issuers, HSAI ranks #351 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does HSAI compare to SPB and NN in the Industrials sector?

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Within the Industrials sector (Industrial Machinery/Components), HSAI carries a Roarable D- (38/100 RQD), trailing P/E of 32.7x, gross margin of 41.8%, and ROIC of 1.8%. By comparison, SPB (Spectrum Brands Holdings Inc.) holds a C+ grade (68/100 RQD, P/E 18.8x, ROIC 4.2%, cap $1.92B) and NN (NextNav Inc.) posts a E grade (18/100 RQD, P/E N/A, ROIC -35.0%, cap $1.94B). Among the 5-stock peer group, SPB leads on earnings multiple (18.8x) while SPB leads on capital efficiency (4.2% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for HSAI?

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Per HSAI's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001861737), Hesai Group generated $432.9M in revenue (+52.1% YoY), $62.3M in net income, and -$27.5M in free cash flow against $1.61B in total assets and $39.9M in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $12.30 (-0.01%)🧬 Dilution Drag (+1.64% YoY Shares)⚙️ Cash Engine: 6/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (38/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-7.8% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • D-

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D+

Each axis scored 0–20

12M PRICE TARGET CONE-9% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for HSAI)Realized 20D OHLCV Swing Band: ±9.7%

Deterministic 5-Pillar Attribution (38/100 Composite)

🔍 WHY HSAI SCORES 38/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+14/20 pts (37% of score)

Altman Z-Score 4.21 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 7/9

▲ #2 Bullish Driver: Macro Regime Fit+8/20 pts (21% of score)

FRED Regime × Technicals: 2% of 52W Range • RSI-14 at 38.8 (NEUTRAL RANGE)

▼ #1 Drag / Risk Factor: Whale & Options Positioning4/20 pts (-16 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$14.46-3.3% Next Q

Q2 (-2Q)

Grade D$13.99-4.6% Next Q

Q3 (-1Q)

Grade D$13.35-7.9% Next Q

Current

Grade D-$12.30-7.8% Hist 90D α

Trajectory: D (46) → D- (38)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a HSAI Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While HSAI currently carries a cautious 38/100 (D-) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Industrials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($15.60) and Max Pain ($12.92) forces dealer call-delta covering toward $30.82.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.64% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $HSAI• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “HSAI Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 38%NO 62%Trade / Inspect Odds →

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±9.7%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (HSAI)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for HSAI.

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring HSAI)

✓Walkthrough of HSAI's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

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HSAI // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -43.13%🛡️ HOLDING TREND SUPPORT

2026-11-03O $12.97H $12.97L $12.18C $12.30VOL 2.33M

RES: $17.16SUP: $11.13SMA50: $15.60SMA200: $19.68

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

HSAI Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 HSAI Butterfly Map → + Track HSAI →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

25.3%/yr Implied 5Y Growth

vs. +52.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on HSAI today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for HSAI. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for HSAI today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (HSAI)

Industrials Rank #351 of 486 ⚔️ SPB vs HSAI Full Matrix →

1. Head-to-Head Industrials Peer Comparison (HSAI vs. SPB, NN, MFP, RUN)

Industry: Industrial Machinery/Components (208 Tracked Issuers)

Across 486 tracked Industrials securities in the Roarable RQD universe, Hesai Group (HSAI) ranks #351 by composite RQD confidence (38/100, grade D-) and #212 by equity capitalization ($1.91B). Within this direct 5-issuer industry benchmark cohort, SPB leads on earnings valuation at 18.8x trailing P/E, while SPB leads on capital efficiency and profitability with 4.2% ROIC and 36.7% gross margin. SPB currently holds the highest overall quantitative score in the immediate peer group at 68/100 (C+) compared with HSAI at 38/100 (D-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
HSAI ACTIVE Hesai Group	D-	38/100	32.7x	41.8%	1.8%	+0.99%	$1.91B	Benchmark Subject
SPB Spectrum Brands Holdings Inc.	C+	68/100	18.8x	36.7%	4.2%	+4.22%	$1.92B	/spb-vs-hsai →
NN NextNav Inc.	E	18/100	—	—	-35.0%	-16.49%	$1.94B	/nn-vs-hsai →
MFP Midera Food Processing Inc.	D	48/100	—	—	—	+2.47%	$1.81B	/mfp-vs-hsai →
RUN Sunrun Inc.	E	25/100	—	—	-3.2%	+10.29%	$1.80B	/run-vs-hsai →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001861737 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Hesai Group (HSAI) reported GAAP revenue of $432.9M (+52.1% vs. FY2024 revenue of $284.6M , and +63.8% cumulative change since FY2023) , GAAP net income of $62.3M, operating cash flow of $16.7M, and free cash flow of -$27.5M (-2.4% YoY). On the balance sheet, HSAI closed FY2025 with $1.61B in total assets against $39.9M in total debt (Altman Z-Score: 4.21, Piotroski F-Score: 7/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$432.9M	$62.3M	$16.7M	-$27.5M	$1.61B	$39.9M
FY2024 (FY)	2024-12-31	$284.6M	-$14.0M	$8.7M	-$26.9M	$820.6M	$36.9M
FY2023 (FY)	2023-12-31	$264.4M	-$67.0M	$8.1M	$8.1M	—	—

3. HSAI Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is HSAI stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does HSAI compare to SPB and NN in the Industrials sector?

What are the biggest fundamental strengths and SEC risk factors for HSAI?

Where is HSAI trading relative to its 50-day, 200-day, and 52-week technical levels?

HSAI last traded at $12.30 (+0.99% on volume of 1,113,415 shares), positioning the stock -21.15% below its 50-day simple moving average ($15.60) and -37.50% below its 200-day simple moving average ($19.68). Across its 52-week range of $12.00 to $29.35, HSAI sits at the 1.7% percentile with a 14-day RSI of 38.8 (NEUTRAL RANGE) and an implied next-earnings move of ±9.7% ($11.11 to $13.49).

Direct Sub-Reports: HSAI RQD Cockpit HSAI 12M Forecast HSAI Earnings & Move HSAI Dividends & DRIP HSAI Insiders & 13F HSAI Whale Options HSAI Profit Sankey HSAI News & Why

ROARABLE RATING BRIEF • RQD 38/100 (D-) ✓ SEC XBRL & RQD VERIFIED

HSAI — Hesai Group: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Hesai Group (HSAI) earns a live Roarable RQD composite score of 38/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $12.30 (+0.99% 1D, market capitalization $1.91B).

Fundamental Cash Engine (6/20): Anchored by return on invested capital (ROIC) of 1.8%, gross margin of 41.8%, operating margin of 5.6%, and free cash flow yield of -1.35%.
Whale 13F & Options Flow (4/20) + Insider Conviction (6/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (8/20) + Forensic Balance Sheet (14/20): Incorporates a 1.00x equity beta, Altman Z-Score of 4.21, Piotroski F-Score of 7/9, and Debt/Equity of 0.03x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Hesai Group (HSAI) is a NASDAQ-listed issuer classified in the Industrials sector and the Industrial Machinery/Components industry,. The market capitalization is $2.0B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Hesai Group (HSAI) reported $432.9M in annual revenue (up from $284.6M in FY2024, +52.1% YoY) and $62.3M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($264.4M revenue, -$67.0M net income) through FY2025, HSAI scaled operating cash flow to $16.7M and free cash flow to -$27.5M, backed by $1.61B in total assets against $39.9M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (D- • RQD 38/100): Established market leader in Industrials with deep daily trading liquidity. Free cash flow yield of -1.35% and institutional whale pillar of 4/20. With Fundamental Cash Engine at 6/20 and Institutional Whale Flow at 4/20, sustained execution supports upside toward the upper end of the $12.00 – $29.35 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh 32.7x trailing P/E and 29.8x EV/EBITDA against 5.6% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

No upstream or downstream dependencies, sector correlations, or proprietary signals are recorded for HSAI. Upstream suppliers, downstream customers, and 2nd-order bottlenecks are — A prospective investor should note that the absence of mapped links means the source data cannot confirm exposure to any specific supply-chain constraint.

Key Question #1: Can HSAI sustain or expand its 5.6% operating margin and 1.8% ROIC against Industrial Machinery/Components peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $432.9M and free cash flow of -$27.5M, how will capital allocation balance growth reinvestment against $39.9M in total debt?
Key Question #3: How sensitive is HSAI's 27.5x forward P/E multiple to Industrials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

HSAI Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Hesai Group (HSAI) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to HSAI Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo! Finance Canada • 21h ago

Hesai Group (2525.HK) Stock Price, News, Quote & History

Yahoo! Finance Canada report covering Hesai Group (HSAI) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE Moomoo • 1d ago

Hesai (HSAI) Analyst Ratings, Stock Forecast and Price Target

Moomoo report covering Hesai Group (HSAI) market action, institutional positioning, and fundamental catalysts.

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🔴 RISK WATCH GuruFocus • 1d ago

Hesai Group (HSAI) Shares Fall 5.6% -- What GF Score of 79 Tells Investors

GuruFocus report covering Hesai Group (HSAI) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE Yahoo Finance • 1d ago

How Kosmo Launch Will Impact Hesai Group (HSAI) Investors

Yahoo Finance report covering Hesai Group (HSAI) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE www.debelegger.nl • 1d ago

Hesai Group Sponsored (HSAI) Stock Price, Chart & Analysis

www.debelegger.nl report covering Hesai Group (HSAI) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE MarketBeat • 1d ago

Hesai Group (NASDAQ:HSAI) Shares Down 6.9% - Should You Sell?

MarketBeat report covering Hesai Group (HSAI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

A November 10 board meeting at Hesai Group (HSAI) will consider Q3 and nine-month results.

Stock Titan report covering Hesai Group (HSAI) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE Simply Wall St • 1d ago

Hesai Group (HSAI) Could Be 54% Undervalued Following Its Robotaxi Lidar Lead

Simply Wall St report covering Hesai Group (HSAI) market action, institutional positioning, and fundamental catalysts.

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🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

HSAI Bull vs. Bear Conversation Board — What's Your Call at $12.30?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON HSAI 🐻 33% BEARISH CONVICTION

SI SiliconVal_Bull RQD DEBATE OPENER • Growth & Tech Investor 🐂 BULLISH 🎯 Target: $15.71 (+29.0%)

📌 Pinned Debate

Forensic balance sheet strength, with an Altman Z-Score of 4.21, Piotroski F-Score of 7/9, and Debt/Equity of 0.03, gives the company l

The street is overcomplicating Hesai Group (HSAI). Forensic balance sheet strength, with an Altman Z-Score of 4.21, Piotroski F-Score of 7/9, and Debt/Equity of 0.03, gives the company low leverage and financial resilience.. With an RQD score of 38/100 (D-) and Forensic Balance Sheet at 14/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $13.15.

RetailWhale_TX 🐂 BULL

Both sides have a point here — HSAI's 14/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

FO ForensicBear RQD DEBATE OPENER • 10-K Footnote Auditor 🐻 BEARISH 🎯 Target: $10.47 (-14.0%)

Spot @ $12.18

A 1.8% ROIC and -1.35% FCF yield, combined with a 32.7 TTM P/E, mean the valuation is not supported by current cash generation or insti

Careful chasing HSAI at $12.18. A 1.8% ROIC and -1.35% FCF yield, combined with a 32.7 TTM P/E, mean the valuation is not supported by current cash generation or institutional and insider conviction.. Gross margin is 41.8%, but operating margin is 5.6%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $10.47 on multiple compression.