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.