Should I buy or sell NaaS Technology stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NaaS Technology in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" NAAS shares. View NAAS analyst ratings or view top-rated stocks .

What is NaaS Technology's stock price target for 2024?

1 Wall Street analysts have issued 1-year price targets for NaaS Technology's shares. Their NAAS share price targets range from $4.50 to $4.50. On average, they expect the company's share price to reach $4.50 in the next twelve months. This suggests a possible upside of 359.2% from the stock's current price. View analysts price targets for NAAS or view top-rated stocks among Wall Street analysts .

How have NAAS shares performed in 2024?

NaaS Technology's stock was trading at $1.52 at the start of the year. Since then, NAAS stock has decreased by 35.5% and is now trading at $0.98. View the best growth stocks for 2024 here .

Are investors shorting NaaS Technology?

NaaS Technology saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,380,000 shares, a drop of 26.2% from the March 15th total of 1,870,000 shares. Based on an average daily trading volume, of 1,210,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.7% of the shares of the company are sold short. View NaaS Technology's Short Interest .

When is NaaS Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, June 21st 2024. View our NAAS earnings forecast .

What guidance has NaaS Technology issued on next quarter's earnings?

NaaS Technology issued an update on its FY 2023 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $44.0 million-$46.0 million, compared to the consensus revenue estimate of $77.3 million.

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 .

NASDAQ:NAAS

NaaS Technology (NAAS) Stock Price, News & Analysis

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$0.98

-0.05 (-4.85%)

(As of 04/19/2024 ET)

Compare

Today's Range: $0.98
▼
$1.05
50-Day Range: $0.98
▼
$1.82
52-Week Range: $0.96
▼
$12.04

Volume: 865,133 shs
Average Volume: 1.16 million shs
Market Capitalization: $252.43 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.50

Get NaaS Technology alerts:

NaaS Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 359.2% Upside
$4.50 Price Target
Short Interest: Healthy
1.66% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.26
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.03 out of 5 stars

Computer And Technology Sector

386th out of 585 stocks

Retail Stores, Not Elsewhere Classified Industry

8th out of 13 stocks

3.5

Analyst's Opinion

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.

5.0

Short Interest

Percentage of Shares Shorted
1.66% 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 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in NaaS Technology has recently decreased by 26.20%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
NaaS Technology does not currently pay a dividend.
Dividend Growth
NaaS Technology does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NAAS.

1.8

News and Social Media Coverage

News Sentiment
NaaS Technology has a news sentiment score of 0.26. 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 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for NaaS Technology this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for NAAS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
3 people have added NaaS Technology to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

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.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of NaaS Technology is -1.24, 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 -1.24, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

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About NaaS Technology Stock (NASDAQ:NAAS)

NaaS Technology Inc. provides electric vehicle (EV) charging services in China. The company offers online EV charging solutions, 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. The company is headquartered in Huzhou, China.

NAAS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NAAS Stock News Headlines

April 16, 2024 | finance.yahoo.com

MATRIXX Software to Speak at Linux Foundation ONE Summit

April 15, 2024 | msn.com

Man arrested after discovery of body in Kildare

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 14, 2024 | nytimes.com

Fragrance and a Watch Strap

April 12, 2024 | finance.yahoo.com

NaaS Technology Commits to Gender Equality and Women's Empowerment by Signing WEPs

April 12, 2024 | prnewswire.com

NewLink Included Again in Global Unicorn Index by Hurun Research Institute

April 10, 2024 | markets.businessinsider.com

MEF Honors NaaS Innovation and Collaboration

April 9, 2024 | nytimes.com

Brand Beats Its Own Record for Most Complicated Watch

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 9, 2024 | finance.yahoo.com

BCN Welcomes Andrea Wilhelm as Partner Sales Director

April 4, 2024 | uk.investing.com

NaaS Technology expands Beijing EV charging network

April 2, 2024 | prnewswire.com

NaaS Technology Partners with CNNE, Connecting 20 Charging Stations and Over 1,000 Chargers

April 2, 2024 | ca.news.yahoo.com

Parents have little recourse if landlords won’t rent to them

April 1, 2024 | finance.yahoo.com

$NODIFI: Pioneering the Future of DeFi with Revolutionary Nodes-As-a-Service (NaaS) Protocol

April 1, 2024 | finance.yahoo.com

When Can We Expect A Profit From NaaS Technology Inc. (NASDAQ:NAAS)?

March 28, 2024 | msn.com

NaaS Technology Non-GAAP EPS of -$0.29, revenue of $9.1M

March 28, 2024 | prnewswire.com

Stellar Q4 & Full Year 2023: NaaS Records 245% YoY Revenue Growth and 14-Fold Gross Profit Surge, Underpinning Upgraded Analytic Capabilities in Scale-up Connectivity

March 28, 2024 | globenewswire.com

NaaS Technology Inc. Reports Unaudited 2023 Fourth Quarter and Full Year Financial Results

March 26, 2024 | forbes.com

Carl F. Bucherer Unveils Gem-Set Manero Tourbillon Double Peripheral Watch

March 22, 2024 | prnewswire.com

NaaS Technology Inc. to Report 2023 Fourth Quarter and Full Year Unaudited Financial Results on March 28, 2024 Eastern Time

March 22, 2024 | prnewswire.com

NaaS Collaborates with CSG Hainan EV, Offering Charging Services in China's 1st EV Penetration Market Hainan

March 15, 2024 | prnewswire.com

NaaS Technology Inc. Announces Closing of US$6 Million Registered Direct Offering

March 13, 2024 | morningstar.com

ADRs Close Lower; Voxeljet AG Declines 49.8%

March 13, 2024 | markets.businessinsider.com

NaaS Announces $6 Mln Registered Direct Offering

March 13, 2024 | msn.com

NaaS Technology announces US$6M registered direct offering

March 13, 2024 | benzinga.com

Why NaaS Technology Stock Is Nosediving

March 13, 2024 | prnewswire.com

NaaS Technology Inc. Announces US$6 Million Registered Direct Offering

See More Headlines

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Company Calendar

Today: 4/19/2024
Next Earnings (Estimated): 6/21/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: 311
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.50
High Stock Price Target: $4.50
Low Stock Price Target: $4.50
Potential Upside/Downside: +345.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.79)
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: -409.83%
Pretax Margin: -407.20%
Return on Equity: -341.51%
Return on Assets: -48.56%

Debt

Debt-to-Equity Ratio: 3.26
Current Ratio: 1.40
Quick Ratio: 1.37

Sales & Book Value

Annual Sales: $45.08 million
Price / Sales: 5.77
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($0.03) per share
Price / Book: -33.67

Miscellaneous

Outstanding Shares: 257,580,000
Free Float: 211,212,000
Market Cap: $260.16 million
Optionable: Optionable
Beta: 1.11

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Key Executives

Ms. Wang Yang (Age 35)
CEO & Director
Mr. Alex Wu (Age 42)
President, CFO & Director

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NAAS Stock Analysis - Frequently Asked Questions

Should I buy or sell NaaS Technology stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NaaS Technology in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" NAAS shares.
View NAAS analyst ratings or view top-rated stocks.
What is NaaS Technology's stock price target for 2024?: 1 Wall Street analysts have issued 1-year price targets for NaaS Technology's shares. Their NAAS share price targets range from $4.50 to $4.50. On average, they expect the company's share price to reach $4.50 in the next twelve months. This suggests a possible upside of 359.2% from the stock's current price.
View analysts price targets for NAAS or view top-rated stocks among Wall Street analysts.
How have NAAS shares performed in 2024?: NaaS Technology's stock was trading at $1.52 at the start of the year. Since then, NAAS stock has decreased by 35.5% and is now trading at $0.98.
View the best growth stocks for 2024 here.
Are investors shorting NaaS Technology?: NaaS Technology saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,380,000 shares, a drop of 26.2% from the March 15th total of 1,870,000 shares. Based on an average daily trading volume, of 1,210,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.7% of the shares of the company are sold short.
View NaaS Technology's Short Interest.

When is NaaS Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, June 21st 2024.
View our NAAS earnings forecast.
What guidance has NaaS Technology issued on next quarter's earnings?: NaaS Technology issued an update on its FY 2023 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $44.0 million-$46.0 million, compared to the consensus revenue estimate of $77.3 million.
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.

This page (NASDAQ:NAAS) was last updated on 4/19/2024 by MarketBeat.com Staff

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NaaS Technology (NAAS) Stock Price, News & Analysis

NaaS Technology MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About NaaS Technology Stock (NASDAQ:NAAS)

NAAS Stock Price History

NAAS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

NAAS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™