Market Inference Overview — NAAS Stock

NaaS Technology logged a 22.4% change during today's morning session, and is now trading at a price of $3.66 per share. The S&P 500 index moved -0.8% and the Nasdaq posted a -1.2% change. NAAS's trading volume is 83,136 compared to the stock's average volume of 108,866.

Over the last 52 weeks, the stock moved 20.8%, with a high of $22.45 and a low of $2.08. During this time, the stock underperformed the S&P 500 index by 40.0%. NaaS Technology Inc. provides electric vehicle (EV) charging services in China. The small-cap Consumer Cyclical company is based in Beijing, China. NaaS Technology has not offered any dividends in the last year.

NaaS Technology Is Overvalued:

Compared to the Consumer Cyclical sector's average of 24.11, NaaS Technology has a trailing twelve month price to earnings (P/E) ratio of None and, based on its Eps guidance of 0.64, an expected P/E ratio of 5.7. NaaS Technology is undervalued in terms of its assets because its price to book (P/B) ratio is 1.9 compared to its sector average of 3.11.

Most of the Market Indicators on NaaS Technology Are Negative:

The only analyst following NaaS Technology has set a target price of $4.7 per share, which is -22.13 away from its current price. This analyst rates the stock as hold.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.