Millennium Management LLC has recently announced that it has increased stake in Naas Technology Inc ADR (NASDAQ:NAAS) by 1.98%. After grabbing 76131.0 shares, the institutional investor is now in possession of 1480.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.13% having worth around $0.16 million. Moreover, Virtu Americas LLC increased its share by 71532.0 to have a control over 71532.0 shares. And Laidlaw Wealth Management LLC raised its holdings to 3900.0 shares by acquiring 56414.0 shares or 0.10% of the stake.
Naas Technology Inc ADR (NAAS) concluded trading on 12/28/23 at a closing price of $1.59, with 3.46 million shares of worth about $5.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -70.50% during that period and on Thursday the price saw a gain of about 2.58%. Currently the company’s common shares owned by public are about 58.44M shares, out of which, 57.89M shares are available for trading.
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Invesco WilderHill Clean Energy E, Invesco Golden Dragon China ETF, and Fidelity Nasdaq Composite Index F are the top 3 mutual funds which are holding stakes in Naas Technology Inc ADR Invesco WilderHill Clean Energy E is currently holding 1.33 million shares of worth totaling $2.88 million. The company recently came buying 0.0 shares which brought its stake up to 2.27% of the company’s outstanding shares. Fidelity Nasdaq Composite Index F, after buying 20947.0 shares, have now control over 0.04% of the stake in the company. It holds 0.0 shares of worth $45246.0.
Naas Technology Inc ADR (NASDAQ: NAAS) started trading at $1.60, above $0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 1.6000, or with a gain of 2.58%. Stock saw a price change of -7.56% in past 5 days and over the past one month there was a price change of -31.76%. Year-to-date (YTD), NAAS shares are showing a performance of -59.13% which decreased to -55.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.49 but also hit the highest price of $12.78 during that period. The average intraday trading volume for Naas Technology Inc ADR shares is 1.14 million. The stock is currently trading -16.87% below its 20-day simple moving average (SMA20), while that difference is down -33.51% for SMA50 and it goes to -70.31% lower than SMA200.
Millennium Management LLC acquired 76131.0 shares of Naas Technology Inc ADR having value of about $0.16 million. Data submitted at the U.S SEC by Millennium Management LLC revealed that the firm now holds 1480.0 shares in the company valued at close to $2353.2, or have control over 1.98% stake in the company. Naas Technology Inc ADR (NASDAQ: NAAS) currently have 58.44M outstanding shares and institutions hold larger chunk of about 2.89% of that. Holding of mutual funds in the company is about 0.52% while other institutional holders and individual stake holders have control over 2.38% and — of the stake respectively.
The stock has a current market capitalization of $92.92M and its 3Y-monthly beta is at 1.21. 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 8.34% while standing at 9.11% over the month.
Analysts are in expectations that Naas Technology Inc ADR (NAAS) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is -$0.02 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. 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.
