Naas Technology Inc ADR [NASDAQ: NAAS] plunged by -$0.02 during the normal trading session on while it closed the day at $1.00.
Naas Technology Inc ADR stock has also loss -9.09% of its value over the past 7 days. However, NAAS stock has declined by -55.56% in the 3 months of the year. Over the past six months meanwhile, it has lost -72.68% and lost -50.00% year-on date.
The market cap for NAAS stock reached $4.19 million, with 4.19 million shares outstanding and 4.15 million shares in the current float. Compared to the average trading volume of 1.76M shares, NAAS reached a trading volume of 13523877 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Naas Technology Inc ADR [NAAS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NAAS shares is $90.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NAAS stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Naas Technology Inc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 31, 2023.
The Average True Range (ATR) for Naas Technology Inc ADR is set at 0.19, with the Price to Sales ratio for NAAS stock in the period of the last 12 months amounting to 0.10.
NAAS stock trade performance evaluation
Naas Technology Inc ADR [NAAS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.09. With this latest performance, NAAS shares dropped by -39.76% in over the last four-week period, additionally sinking by -72.68% over the last 6 months – not to mention a drop of -95.41% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NAAS stock in for the last two-week period is set at 36.30, with the RSI for the last a single of trading hit 34.27, and the three-weeks RSI is set at 37.21 for Naas Technology Inc ADR [NAAS]. The present Moving Average for the last 50 days of trading for this stock 1.4663, while it was recorded at 1.0300 for the last single week of trading, and 3.3062 for the last 200 days.
Naas Technology Inc ADR [NAAS]: An insightful look at the core fundamentals
Naas Technology Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.65 and a Current Ratio set at 0.66.
Naas Technology Inc ADR [NAAS]: Institutional Ownership
There are presently around $10.69%, or 10.69%% of NAAS stock, in the hands of institutional investors.
