Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Nano Labs Ltd (NASDAQ: NA) was $3.0 for the day, down -27.18% from the previous closing price of $4.12. In other words, the price has decreased by -$27.18 from its previous closing price. On the day, 0.83 million shares were traded. NA stock price reached its highest trading level at $4.2148 during the session, while it also had its lowest trading level at $2.87.
Ratios:
Our analysis of NA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.76 and its Current Ratio is at 1.81. In the meantime, Its Debt-to-Equity ratio is 1.10 whereas as Long-Term Debt/Eq ratio is at 0.28.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NA now has a Market Capitalization of 69351576 and an Enterprise Value of -83348664. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.11 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at -3.453 whereas that against EBITDA is 1.515.
Stock Price History:
The Beta on a monthly basis for NA is 3.60, which has changed by -0.6240876 over the last 52 weeks, in comparison to a change of 0.12469888 over the same period for the S&P500. Over the past 52 weeks, NA has reached a high of $31.48, while it has fallen to a 52-week low of $3.33. The 50-Day Moving Average of the stock is -37.65%, while the 200-Day Moving Average is calculated to be -46.79%.
Shares Statistics:
NA traded an average of 123.28K shares per day over the past three months and 110740 shares per day over the past ten days. A total of 23.57M shares are outstanding, with a floating share count of 10.47M. Insiders hold about 55.56% of the company’s shares, while institutions hold 4.64% stake in the company. Shares short for NA as of 1763078400 were 55104 with a Short Ratio of 0.45, compared to 1760486400 on 96895. Therefore, it implies a Short% of Shares Outstanding of 55104 and a Short% of Float of 0.47999998000000005.
