NaaS Technology (NASDAQ:NAAS) Stock Price Up 0.6% – Still a Buy?

NaaS Technology Inc. Sponsored ADR (NASDAQ:NAAS)’s share price rose 0.6% on Wednesday . The company traded as high as $3.12 and last traded at $3.12. Approximately 3,497 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 9,225 shares. The stock had previously closed at $3.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NaaS Technology in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, NaaS Technology has an average rating of “Sell”.

NaaS Technology Stock Performance

The business’s fifty day simple moving average is $2.51 and its 200 day simple moving average is $2.86. The stock has a market cap of $33.48 million, a price-to-earnings ratio of -0.04 and a beta of 0.47.

NaaS Technology (NASDAQ:NAAS) last released its earnings results on Thursday, April 16th. The company reported ($10.10) EPS for the quarter. The business had revenue of $4.29 million for the quarter.

NaaS Technology Company Profile

NaaS Technology, Inc is a U.S.-based network-as-a-service provider that designs, builds and operates high-performance fiber networks for enterprise customers. The company offers subscription-based connectivity solutions that combine fiber transport, software-defined wide area networking (SD-WAN) and edge computing capabilities. By leveraging its proprietary infrastructure and network orchestration platform, NaaS delivers reliable, scalable bandwidth without the capital-intensive investment typically required for on-premises networks.

The company’s product portfolio includes dedicated fiber circuits, cloud on-ramps to leading public cloud providers, private wireless solutions and managed SD-WAN services.