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Naas Technology Inc ADR (NAAS) Is Down -89.31% in 2024 With Lots of Room to Run

MQ Stock

Naas Technology Inc ADR (NASDAQ: NAAS) is -89.31% lower on its value in year-to-date trading and has touched a low of $1.42 and a high of $146.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NAAS stock was last observed hovering at around $1.93 in the last trading session, with the day’s gains setting it 1.32%.

Currently trading at $3.25, the stock is -30.64% and -66.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.87 million and changing 68.39% at the moment leaves the stock -90.10% off its SMA200. NAAS registered -96.95% loss for a year compared to 6-month loss of -89.02%.

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The stock witnessed a -58.80% gain in the last 1 month and extending the period to 3 months gives it a -85.23%, and is 49.08% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 38.04% over the week and 20.69% over the month.

Profit margin for the company is -375.93%. Distance from 52-week low is 128.87% and -97.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-351.04%).


Naas Technology Inc ADR (NAAS) Top Institutional Holders

The shares outstanding are 4.24M, and float is at 4.15M with Short Float at 2.06%.

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