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Naas Technology Inc ADR (NASDAQ: NAAS) Shares Rose Recently. However, Trouble May Still Be Lurking.

Naas Technology Inc ADR (NASDAQ:NAAS) price closed higher on Friday, February 09, jumping 1.79% below its previous close.

A look at the daily price movement shows that the last close reads $4.50. Taking into account the 52-week price action we note that the stock hit a 52-week high of $12.78 and 52-week low of $1.07. The stock added 18.54% on its value in the past month.

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Naas Technology Inc ADR, which has a market valuation of $104.61 million, is expected to release its quarterly earnings report Apr 19, 2024 – Apr 23, 2024.

Staying with the analyst view, there is a consensus estimate of $83.45 million for the company’s annual revenue in 2023.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NAAS a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that NAAS’s price is at present 501.62% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 58.35, with weekly volatility standing at 12.14%. The indicator jumps to 10.68% when calculated based on the past 30 days. Naas Technology Inc ADR (NASDAQ:NAAS)’s beta value is holding at 1.17, while the average true range (ATR) indicator is currently reading 0.17.

Turning out attention to how the Naas Technology Inc ADR stock has performed in comparison to its peers in the industry, here’s what we find: NAAS’s stock is 1.79% on the day and -67.92% in the past 12 months, while Graham Holdings Co. (GHC) traded 2.15%% in the last session and was positioned 7.59% up on its price 12 months ago.

An analysis of the Naas Technology Inc ADR (NASDAQ:NAAS) stock in terms of its daily trading volume indicates that the 3-month average is 0.98. However, this figure increases on the past 10-day timeline to an average of 1.7 million.

Current records show that the company has 58.44M in outstanding shares. The insiders’ percentage holdings are 0.95% of outstanding shares while the percentage share held by institutions stands at 2.96%. The stats also highlight that short interest as of Jan 31, 2024, stood at 1.1 million shares, which puts the short ratio at the time at 1.12. From this we can glean that short interest is 0.45% of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 0.77 million. But the 17.76% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.