Naas Technology Inc ADR (NASDAQ:NAAS) shares, rose in value, with the stock price down by -12.26% to the previous day’s close as strong demand from buyers drove the stock to $0.86.
Actively observing the price movement in the last trading, the stock closed the session at $0.98. Referring to stock’s 52-week performance, its high was $12.04, and the low was $0.96. On the whole, NAAS has fluctuated by -27.10% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NAAS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NAAS currently trading nearly -20.79% and -33.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.29, while the 7-day volatility ratio is showing 11.61% which for the 30-day chart, stands at 8.06%. Furthermore, Naas Technology Inc ADR (NAAS)’s beta value is 1.13, and its average true range (ATR) is 0.10.
A comparison of Naas Technology Inc ADR (NAAS) with its peers suggests the former has fared considerably weaker in the market. NAAS showed an intraday change of -12.26% in last session, and over the past year, it shrunk by -92.46%%.
Data on historical trading for Naas Technology Inc ADR (NASDAQ:NAAS) indicates that the trading volumes over the past 3 months, they’ve averaged 1.21 million. According to company’s latest data on outstanding shares, there are 83.80 million shares outstanding.
Nearly 0.95% of Naas Technology Inc ADR’s shares belong to company insiders and institutional investors own 12.68% of the company’s shares. The stock has fallen by -43.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NAAS stock heading into the next quarter.
