NaaS Technology (NAAS) Stock Price, News & Analysis

Company Overview

NaaS Technology Inc. provides electric vehicle (EV) charging services in China. The company offers integrated online EV charging solutions to charging stations, including mobility connectivity services through Kuaidian; SaaS products, such as traffic support and management, marketing, payment, chargers' management, order management, load management, and membership management. It also provides offline EV charging solutions comprising site selection, hardware procurement, engineering, procurement, and construction, station maintenance, energy storage, and customer support services. In addition, the company offers electricity procurement services to charging stations, as well as other amenities and ancillary services, such as vending machines, massage chairs, and car wash tunnels. It serves charger manufacturers, EV OEMS, and end-users. NaaS Technology Inc. is headquartered in Beijing, China.

Key Stats

• Today's Range: $3.20 to $3.54
• 50-Day Range: $2.80 to $8.09
• 52-Week Range: $1.42 to $110.39
• Volume: 142,327 shs
• Average Volume: 970,561 shs
• Market Capitalization: $43.02 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $90.00
• Consensus Rating: Buy

NaaS Technology Stock Analysis - MarketRank™

NaaS Technology scored higher than 32% of companies evaluated by MarketBeat, and ranked 519th out of 667 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

NaaS Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

NaaS Technology has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of NaaS Technology is -0.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of NaaS Technology is -0.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.74% of the float of NaaS Technology has been sold short.

Short Interest Ratio / Days to Cover

NaaS Technology has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NaaS Technology has recently increased by 2.32%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

NaaS Technology does not currently pay a dividend.

Dividend Growth

NaaS Technology does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.74% of the float of NaaS Technology has been sold short.

Short Interest Ratio / Days to Cover

NaaS Technology has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NaaS Technology has recently increased by 2.32%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: -0.01

News Sentiment

NaaS Technology has a news sentiment score of -0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for NaaS Technology this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for NAAS on MarketBeat in the last 30 days. This is a decrease of -89% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, NaaS Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

18.00% of the stock of NaaS Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 1.83% of the stock of NaaS Technology is held by institutions.

NAAS Stock Analysis - Frequently Asked Questions

How have NAAS shares performed this year?

NaaS Technology's stock was trading at $30.40 on January 1st, 2024. Since then, NAAS stock has decreased by 89.0% and is now trading at $3.35.
View the best growth stocks for 2024 here.

How were NaaS Technology's earnings last quarter?

NaaS Technology Inc. (NASDAQ:NAAS) announced its earnings results on Wednesday, July, 24th. The company reported ($0.42) earnings per share for the quarter. The firm earned $12.62 million during the quarter. NaaS Technology had a negative trailing twelve-month return on equity of 885.88% and a negative net margin of 291.32%.

When did NaaS Technology's stock split?

NaaS Technology shares reverse split on Monday, June 10th 2024. The 1-20 reverse split was announced on Monday, June 10th 2024. The number of shares owned by shareholders was adjusted after the market closes on Monday, June 10th 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Who are NaaS Technology's major shareholders?

NaaS Technology's top institutional shareholders include Laidlaw Wealth Management LLC (0.24%).

How do I buy shares of NaaS Technology?

Shares of NAAS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 7/24/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 10/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Retail stores, not elsewhere classified
• Sub-Industry: N/A
• Current Symbol: NASDAQ:NAAS
• CUSIP: N/A
• CIK: 1712178
• Web: www.enaas.com
• Phone: 861085511066
• Fax: 86-10-6538-8409
• Employees: 611
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $90.00
• High Stock Price Target: $90.00
• Low Stock Price Target: $90.00
• Potential Upside/Downside: +2,586.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($17.00)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-184,070,000.00
• Net Margins: -291.32%
• Pretax Margin: -294.89%
• Return on Equity: -885.88%
• Return on Assets: -45.13%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.04
• Quick Ratio: 1.02

Sales & Book Value

• Annual Sales: $45.08 million
• Price / Sales: 0.96
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.50) per share
• Price / Book: -6.70

Miscellaneous

• Outstanding Shares: 12,880,000
• Free Float: 10,561,000
• Market Cap: $43.15 million
• Optionable: Optionable
• Beta: 0.88