Naas Technology Inc ADR (NASDAQ:NAAS) does about 2.62M shares in volume on a normal day but saw 660069 shares change hands in the recent trading day. The company now has a market cap of 22.79M USD. Its current market price is $5.44, marking an increase of 2.64% compared to the previous close of $5.30. The 52 week high reached by this stock is $146.60 whilst the lowest price level in 52 weeks is $1.42.
Naas Technology Inc ADR (NAAS) has a 20-day trading average at $4.21 and the current price is -96.29% off the 52-week high compared with 283.10% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.14 and its 200-day simple moving average is $27.54. If we look at the stock’s price movements over the week, volatility stands at 25.32%, which increases to 40.89% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.99 to suggest the stock is neutral.
The consensus objective for the share price is $90.00, suggesting that the stock has a potential upside of 93.96% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 31, 2023 when Jefferies initiated the stock to “Buy” and issued a price target of $4.50.
Naas Technology Inc ADR (NAAS) stock is down -12.54% over the week and 61.90% over the past month. Its price is -82.11% year-to-date and -94.58% over the past year.
To reach the target analysts have set, the stock logically needs to grow 93.96 percent from here.
The company has a return on investment of -397.79% and return on equity of -2076.51%. The beta has a value of 0.71. Price to sales ratio is 0.39.
