Nano Labs Ltd (NASDAQ: NA) Now -87.79% Off Its High ($4.75), Does Analysts See Headwinds And Risks?

Nano Labs Ltd (NASDAQ:NA) currently has a daily average trading volume of 123.94K but it saw 3778115 shares traded in last market. With a market cap of 43.41M USD, the company’s current market price of $0.58 came rising about 33.53 while comparing to the previous closing price of $0.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.75 and as low as $0.27. In the recent trading on the day, stock has struck highest price mark of $0.411 while lowest mark touched by it was $0.65.

Taking a look at 20-day trading activity of Nano Labs Ltd (NA) gives us an average price of $0.3246, while its current price level is -87.79% below from 52-week high level whereas it is 110.95% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3282 while that of 200 days or SMA-200 reads an average of $0.9465. A closer look into the stock’s movement over the week reveals that its volatility is standing at 31.32% during that period while stretching the period over a month that decreases to 15.43%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 84.20 which implies that the stock is in overbought territory.

Over the week, NA’s stock price is moving 95.12% up while it is 91.32% when we observe its performance for the past one month. Year-to-date it is -67.96% down and over the past year, the stock is showing a downside performance of -48.22%.

Currently, Nano Labs Ltd’s total number of outstanding shares is 41.93M. Stock’s beta reads 2.66.