Naas Technology Inc ADR (NASDAQ: NAAS) stock fell -1.40% on Monday to $2.81 against a previous-day closing price of $2.85. With 1.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.02 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.9300 whereas the lowest price it dropped to was $2.7900. The 52-week range on NAAS shows that it touched its highest point at $12.78 and its lowest point at $1.83 during that stretch. It currently has a 1-year price target of $4.50. Beta for the stock currently stands at 1.36.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NAAS was up-trending over the past week, with a rise of 27.73%, but this was down by -14.59% over a month. Three-month performance dropped to -56.77% while six-month performance fell -57.55%. The stock lost -49.82% in the past year, while it has lost -27.76% so far this year. EPS is expected to grow by 24.57% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -40.47%.
Float and Shares Shorts:
At present, 58.44 million NAAS shares are outstanding with a float of 58.37 million shares on hand for trading. On Oct 12, 2023, short shares totaled 1.04 million, which was 0.46% higher than short shares on Sep 14, 2023. In addition to Ms. Wang Yang as the firm’s CEO & Director, Mr. Alex Wu serves as its President, CFO & Director.
Institutional Ownership:
Through their ownership of 4.16% of NAAS’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NAAS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NAAS analysts setting a high price target of $4.50 and a low target of $4.50, the average target price over the next 12 months is $4.50. Based on these targets, NAAS could surge 60.14% to reach the target high and rise by 60.14% to reach the target low. Reaching the average price target will result in a growth of 60.14% from current levels.
