Hesai Group Class B shares may be set for a notable price swing around the company’s next earnings release on August 18, with options-market pricing pointing to a potential move of about 12% when the report arrives before the opening bell, according to options data compiled by Bloomberg.
Over the most recent eight earnings cycles, the stock has exceeded the single-session move implied by options in six instances. In the May 19 earnings report, Hesai’s shares dropped 8.1% while the options market had suggested an implied move of 10.4%. On March 24, the stock tumbled 18.0% versus an implied move of 12.3%.
Earlier results have also shown pronounced volatility. In August 2025, shares climbed 21.4% against an implied move of 16.6%. The stock rose 20.2% in May 2025, just below an implied 21.7% swing. In March 2025, the stock surged 34.5% while options had priced in a 20.0% move.
Some of the most dramatic outliers occurred in 2024. The largest single-session increase recorded in the series was a 68.1% jump in November 2024, set against an implied move of only 5.6%. That followed an August 2024 rise of 17.5% compared with an implied move of 5.3%.
The dataset also includes instances in which the actual market reaction did not surpass the options-implied expectation. One such case cited is November 2025, when shares declined 11.5% versus an implied move of 8.4%.
Given this history, market participants tracking Hesai ahead of the August 18 release will likely be weighing the options-implied 12% move against a record of frequent outsized reactions. The past pattern indicates episodes of both larger-than-expected gains and losses following earnings announcements.
Contextual note - The implied-move figure referenced here is derived from options pricing data compiled by Bloomberg and reflects the one-day range the market is pricing ahead of the August 18 earnings publication.