Weiss Ratings Reaffirms Sell (D-) Rating for Nano Labs (NASDAQ:NA)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Nano Labs, indicating a negative outlook on the stock.
• In contrast, Wall Street Zen has upgraded Nano Labs to a "hold" rating, suggesting some analysts see potential stability.
• Nano Labs' stock opened at $5.90 on Wednesday, with a fifty-two week low of $2.77 and a high of $31.48, reflecting significant price volatility.

Nano Labs (NASDAQ:NA - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Nano Labs to a "hold" rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

Nano Labs Stock Performance

NASDAQ NA opened at $5.90 on Wednesday. Nano Labs has a fifty-two week low of $2.77 and a fifty-two week high of $31.48. The company has a current ratio of 1.81, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $5.12 and a two-hundred day simple moving average of $5.93.

About Nano Labs

Nano Labs Ltd operates as a fabless integrated circuit design company and product solution provider in the People's Republic of China and internationally. It develops high throughput computing and high-performance computing chips. The company also offers distributed computing and storage solutions, smart network interface cards, and vision computing chips, as well as distributed rendering technology.

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