The 36-month beta value for NAAS is at 0.87. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NAAS is 4.15M, and currently, shorts hold a 6.30% of that float. The average trading volume for NAAS on October 02, 2024 was 2.66M shares.
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NAAS) stock’s latest price update
The stock of Naas Technology Inc ADR (NASDAQ: NAAS) has decreased by -12.28 when compared to last closing price of 3.99.Despite this, the company has seen a gain of 5.74% in its stock price over the last five trading days. prnewswire.com reported 2024-09-26 that BEIJING , Sept. 26, 2024 /PRNewswire/ — NaaS Technology Inc. (Nasdaq: NAAS) (“NaaS” or the “Company”), the first U.S. listed EV charging service company in China, today announced a strategic partnership with IM Motors, an electric vehicle joint venture among Alibaba, SAIC Motor, and Zhangjiang Hi-Tech, focused on the design and manufacture of high-end intelligent electric vehicles.
NAAS’s Market Performance
Naas Technology Inc ADR (NAAS) has seen a 5.74% rise in stock performance for the week, with a -18.60% decline in the past month and a 100.00% surge in the past quarter. The volatility ratio for the week is 19.57%, and the volatility levels for the past 30 days are at 12.06% for NAAS. The simple moving average for the past 20 days is -0.37% for NAAS’s stock, with a -78.71% 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 -17.20% 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 -95.67% of loss for the given period.
Volatility was left at 12.06%, however, over the last 30 days, the volatility rate increased by 19.57%, as shares sank -12.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.55% lower at present.
During the last 5 trading sessions, NAAS rose by +5.74%, which changed the moving average for the period of 200-days by -91.03% in comparison to the 20-day moving average, which settled at $3.49. In addition, Naas Technology Inc ADR saw -88.49% 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:
- -2.1 for the present operating margin
- 0.28 for the gross margin
The net margin for Naas Technology Inc ADR stands at -2.9. The total capital return value is set at -2.78. Equity return is now at value -2076.51, with -91.15 for asset returns.
The debt to equity ratio resting at -4.51. The interest coverage ratio of the stock is -20.65.
Currently, EBITDA for the company is -1.05 billion with net debt to EBITDA at -1.09. When we switch over and look at the enterprise to sales, we see a ratio of 2.94. The receivables turnover for the company is 0.73for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
In conclusion, Naas Technology Inc ADR (NAAS) has had a mixed performance lately. Opinion on the stock among analysts is bullish, 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.