The stock of Naas Technology Inc ADR (NASDAQ: NAAS) has decreased by -3.43 when compared to last closing price of 0.87.Despite this, the company has seen a loss of -10.25% in its stock price over the last five trading days. PRNewsWire reported 2024-05-06 that BEIJING, May 6, 2024 /PRNewswire/ — NaaS Technology Inc. (Nasdaq: NAAS) (“NaaS” or the “Company”), the first U.S. listed EV charging service company in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024 after the U.S. market closes on Thursday, May 9, 2024. The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern time on May 10, 2024 (8:00 PM Beijing/Hong Kong time on May 10, 2024).
Is It Worth Investing in Naas Technology Inc ADR (NASDAQ: NAAS) Right Now?
The 36-month beta value for NAAS is at 1.11. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NAAS is 83.00M, and currently, shorts hold a 1.00% of that float. The average trading volume for NAAS on May 10, 2024 was 1.10M shares.
NAAS’s Market Performance
NAAS’s stock has seen a -10.25% decrease for the week, with a -22.84% drop in the past month and a -53.02% fall in the past quarter. The volatility ratio for the week is 6.08%, and the volatility levels for the past 30 days are at 7.62% for Naas Technology Inc ADR The simple moving average for the past 20 days is -12.30% for NAAS’s stock, with a -69.57% simple moving average for the past 200 days.
Analysts’ Opinion of NAAS
Many brokerage firms have already submitted their reports for NAAS stocks, with Jefferies repeating the rating for NAAS by listing it as a “Buy.” The predicted price for NAAS in the upcoming period, according to Jefferies is $4.50 based on the research report published on October 31, 2023 of the previous year 2023.
NAAS Trading at -24.65% from the 50-Day Moving Average
After a stumble in the market that brought NAAS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -89.97% of loss for the given period.
Volatility was left at 7.62%, however, over the last 30 days, the volatility rate increased by 6.08%, as shares sank -18.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.26% lower at present.
During the last 5 trading sessions, NAAS fell by -9.17%, which changed the moving average for the period of 200-days by -83.05% in comparison to the 20-day moving average, which settled at $0.9490. In addition, Naas Technology Inc ADR saw -44.67% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NAAS
Current profitability levels for the company are sitting at:
- -3.33 for the present operating margin
- 0.28 for the gross margin
The net margin for Naas Technology Inc ADR stands at -4.08. The total capital return value is set at -1.65. Equity return is now at value -639.95, with -99.86 for asset returns.
Based on Naas Technology Inc ADR (NAAS), the company’s capital structure generated 1.05 points at debt to capital in total, while cash flow to debt ratio is standing at -0.56. The debt to equity ratio resting at -21.99. The interest coverage ratio of the stock is -46.71.
Currently, EBITDA for the company is -1.07 billion with net debt to EBITDA at -0.56. When we switch over and look at the enterprise to sales, we see a ratio of 6.59. The receivables turnover for the company is 2.12for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
In conclusion, Naas Technology Inc ADR (NAAS) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
