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NAAS’s Debt-to-Equity Ratio at 2.02: What It Means for NaaS Technology Inc.’s Future

NaaS Technology Inc. (NAAS) stock is currently valued at $5.74. During the last session, the stock experienced a remarkable rise, reaching $5.88 after opening at $5.88. The stock briefly dropped to $5.70 before ultimately closing at $5.91.

The market performance of NaaS Technology Inc.’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $12.78 on 04/06/23, while the lowest value for the same duration was $2.75 on 12/29/22.

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52-week price history of NAAS Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. NaaS Technology Inc.’s current trading price is -55.09% away from its 52-week high, while its distance from the 52-week low is 108.73%. The stock’s price range during the 52-week period has remained between $2.75 and $12.78. In the Consumer Cyclical sector, the company’s shares saw a trading volume of around 0.9 million for the day, which was evidently lower than the average daily volume of 1.05 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

NaaS Technology Inc. (NAAS) has experienced a quarterly decline of -8.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.22B and boasts a workforce of 311 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 6.43, with a change in price of -3.66. Similarly, NaaS Technology Inc. recorded 810,687 in trading volume during the last 100 days, posting a change of -38.94%.

Examining NAAS’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for NAAS stands at 2.02. Similarly, the long-term debt-to-equity ratio is also 1.58.

NAAS Stock Stochastic Average

As of today, NaaS Technology Inc.’s raw stochastic average for the last 50 days stands at 36.78%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 4.22%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 9.82% and 14.36%, respectively.

NAAS Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Until today this year the stock’s price performance recorded an increase of 47.56%. However, over the last six months, the performance has been weaker by 39.32%. The price of NAAS decreased -14.71% over the last 30 days. And in the last five days, it has fallen by -1.37%.

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