Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Naas Technology Inc ADR’s stock clocked out at $0.94, down -1.19% from its previous closing price of $0.95. In other words, the price has decreased by -$1.19 from its previous closing price. On the day, 0.54 million shares were traded. NAAS stock price reached its highest trading level at $0.96 during the session, while it also had its lowest trading level at $0.92.
Ratios:
To gain a deeper understanding of NAAS’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 1.40.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on October 31, 2023, initiated with a Buy rating and assigned the stock a target price of $4.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NAAS now has a Market Capitalization of 241348704 and an Enterprise Value of 2769816064. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.76 while its Price-to-Book (P/B) ratio in mrq is 9.23. Its current Enterprise Value per Revenue stands at 8.654 whereas that against EBITDA is -2.598.
Stock Price History:
The Beta on a monthly basis for NAAS is 1.13, which has changed by -0.8626087 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, NAAS has reached a high of $8.54, while it has fallen to a 52-week low of $0.78. The 50-Day Moving Average of the stock is -20.82%, while the 200-Day Moving Average is calculated to be -67.34%.
Shares Statistics:
It appears that NAAS traded 1.19M shares on average per day over the past three months and 1029790 shares per day over the past ten days. A total of 83.80M shares are outstanding, with a floating share count of 83.00M. Insiders hold about 0.95% of the company’s shares, while institutions hold 12.67% stake in the company. Shares short for NAAS as of 1713139200 were 995081 with a Short Ratio of 0.83, compared to 1710460800 on 1874639. Therefore, it implies a Short% of Shares Outstanding of 995081 and a Short% of Float of 0.43.
