NAAS Stock Drops Amidst Retail Sector Fluctuations

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Oct 16, 2024

Naas Technology Inc. (NAAS, Financial), a provider of electric vehicle charging services, experienced a significant stock movement with a 5.09% drop, bringing its price to $3.54 per share. The trading volume reached 69,217 shares, with a turnover rate of 0.51% and a price fluctuation of 6.70%.

The company's recent financial report showed a revenue of $12.66 million, a net loss of $18.71 million, and an earnings per share (EPS) of -$1.43. The gross profit stood at $4.20 million, while the price-to-earnings (P/E) ratio was -0.25. Currently, there are no institutional ratings recommending to buy, hold, or sell the stock.

Within the broader retail industry, where NAAS operates, the overall growth was 0.92%. Among related stocks, significant gainers included Evgo Inc, Container Store, and Jbdi Holdings Limited. Highly active stocks were Boqii Holding Limited, PTL Ltd., and Container Store, with turnover rates of 25.30%, 20.92%, and 8.80%, respectively. Boqii, Evgo Inc, and Jbdi Holdings Limited also showed large price amplitude changes.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.