As of Friday close, NaaS Technology Inc.’s (NASDAQ:NAAS) stock was down -$0.16, moving down -2.47 percent to $6.33. The average number of shares traded per day over the past five days has been 935,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.32 fall in that time frame. In the last twenty days, the average volume was 1,083,040, while in the previous 50 days, it was 1,054,222.
Since last month, NAAS stock rose 24.36%. Shares of the company fell to $4.82 on 07/19/23, the lowest level in the past month. A 52-week high of $12.78 was reached on 04/06/23 after having rallying from a 52-week low of $2.75. Since the beginning of this year, NAAS’s stock price has risen by 62.72% or $2.44, and marked a new high 12 times. However, the stock has declined by -50.47% since its 52-week high.
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Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.45, and the total debt-to-equity ratio was 1.90. Based on annual data, NAAS earned $0.89 million in gross profit and brought in $13.46 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected NaaS Technology Inc. to report $0.01 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated -$16.47 million in EBITDA. The liabilities of NaaS Technology Inc. were 119.07 million at the end of its most recent quarter ended September 29, and its total debt was $617.61 million.
Technical Picture
This quick technical analysis looks at NaaS Technology Inc.’s (NAAS) price momentum. With a historical volatility rate of 83.85%, the RSI 9-day stood at 55.93% on 18 August.
With respect to its five-day moving average, the current NaaS Technology Inc. price is down by -4.81% percent or -$0.32. At present, NAAS shares trade +24.85% above its 20-day simple moving average and +11.25% percent above its 100-day simple moving average. However, the stock is currently trading approximately -12.69% below its SMA50 and +49.65% above its SMA200.
Stochastic coefficient K was 76.36% and Stochastic coefficient D was 81.27%, while ATR was 0.53. Given the Stochastic reading of 68.21% for the 14-day period, the RSI (14) reading has been calculated as 55.48%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.38.
Analyst Ratings
NaaS Technology Inc. (NAAS) has been rated Buy by analysts. According to 0 brokerage firms, NAAS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate NaaS Technology Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $13.00 – $13.00. Based on these forecasts, analysts predict NaaS Technology Inc. (NAAS) will achieve an average price target of $13.00.
