Naas Technology Inc ADR (NAAS) concluded trading on 11/15/23 at a closing price of $2.94, with 3.67 million shares of worth about $10.79 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -61.21% during that period and on Wednesday the price saw a gain of about 14.84%. Currently the company’s common shares owned by public are about 58.44M shares, out of which, 57.89M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the NAAS stock and their offered price forecasts bring an average price target of $4.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.50 and could fall to a lowest price of $4.50. The stock’s current price level is 34.67% above of average price target set by the analysts, while a rise to estimated low would result in gain of 34.67% for the stock. However, touching the estimated high of $4.50 would mean a gain of 34.67% for the stock.
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Naas Technology Inc ADR (NASDAQ: NAAS) started trading at $2.78, above $0.22 from concluding price of the previous day. However, the stock later moved at a day high price of 3.0800, or with a gain of 14.84%. Stock saw a price change of 37.38% in past 5 days and over the past one month there was a price change of -15.03%. Year-to-date (YTD), NAAS shares are showing a performance of -24.42% which decreased to -46.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.83 but also hit the highest price of $12.78 during that period. The average intraday trading volume for Naas Technology Inc ADR shares is 949.07K. The stock is currently trading 8.05% above its 20-day simple moving average (SMA20), while that difference is down -22.77% for SMA50 and it goes to -49.20% lower than SMA200.
Naas Technology Inc ADR (NASDAQ: NAAS) currently have 58.44M outstanding shares and institutions hold larger chunk of about 2.73% of that.
The stock has a current market capitalization of $171.81M and its 3Y-monthly beta is at 1.33. It has posted earnings per share of -$0.59 in the same period. It has Quick Ratio of 1.48 while making debt-to-equity ratio of 7.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NAAS, volatility over the week remained 10.80% while standing at 11.61% over the month.
Analysts are in expectations that Naas Technology Inc ADR (NAAS) stock would likely to be making an EPS of $Naas Technology Inc. in the current quarter, while forecast for next quarter EPS is $2.94 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $China Automotive Systems, Inc. which is $NewAmsterdam Pharma Company N.V at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $NORTH AMERICA FRAC SAND INC in the same quarter a year ago. EPS is likely to grow at an annualized rate of 24.57% for next 5-years, compared to annual growth of -40.47% made by the stock over the past 5-years.
Analysts at 1 brokerage firms have issued recommendations for the Naas Technology Inc ADR (NAAS)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on October 31, 2023 offering a Buy rating for the stock and assigned a target price of $4.50 to it.
