Analysts Update Their Price Forecasts For Naas Technology Inc ADR (NAAS)

Naas Technology Inc ADR (NAAS) concluded trading on Thursday at a closing price of $1.90, with 2.58 million shares of worth about $4.9 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -69.35% during that period and on Thursday the price saw a gain of about 4.97%. Currently the company’s common shares owned by public are about 58.44M shares, out of which, 57.89M shares are available for trading.

However, the stock later moved at a day high price of 2.0100, or with a gain of 4.97%. Stock saw a price change of 17.28% in past 5 days and over the past one month there was a price change of 18.75%. Year-to-date (YTD), NAAS shares are showing a performance of 25.00% which decreased to -65.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.07 but also hit the highest price of $12.78 during that period. The average intraday trading volume for Naas Technology Inc ADR shares is 1.30 million. The stock is currently trading 32.31% above its 20-day simple moving average (SMA20), while that difference is up 13.05% for SMA50 and it goes to -57.54% lower than SMA200.

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Naas Technology Inc ADR (NASDAQ: NAAS) currently have 58.44M outstanding shares and institutions hold larger chunk of about 2.97% of that.

The stock has a current market capitalization of $111.04M and its 3Y-monthly beta is at 1.16. 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 10.66% while standing at 10.51% 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 $1.90 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $NewAmsterdam Pharma Company N.V which is $China Automotive Systems, Inc. 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.

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.

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