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Friday, September 29, 2023

Are Things Looking Up For NaaS Technology Inc. (NASDAQ: NAAS)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for NaaS Technology Inc. (NAAS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.17%, to $5.90. The NaaS Technology Inc. has recorded 1,102 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue.

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Stocks Info

The company is listed on the NASDAQ and operates within the Specialty Retail industry segment. At the end of the last regular session, the stock closed at $5.91 and fluctuated between $5.93 as its day high and $5.67 as its day low. The current market capitalization of NaaS Technology Inc. is $1.25B. A total of 0.91 million shares were traded on the day, compared to an average of 1.05M shares.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NAAS in the last 3 months, the mean price target is $13.00 with high estimates of $13.00 and low estimates of $13.00. In terms of 52-week highs and lows, NAAS has a high of $12.78 and a low of $2.75.

As of this writing, NAAS has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. The company reported an EPS of -$0.12 in the last quarter, which was -300.00% lower than expectations of $0.06.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NAAS’s latest balance sheet shows that the firm has $8.73M in Cash & Short Term Investments as of fiscal 2021. There were $20.46M in debt and $115.94M in liabilities at the time. Its Book Value Per Share was $0.23, while its Total Shareholder’s Equity was $25.07M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock.

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