It’s Not A Fantasy To Think That Nano Labs Ltd (NA) Has Big Future Potential

Nano Labs Ltd (NASDAQ:NA) currently has a daily average trading volume of 55.65K but it saw 24769119 shares traded on Thursday. With a market cap of 125.28M USD, stock’s current market price of $2.37 came rising about 63.45 while comparing to the previous closing price of $1.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.95 and as low as $0.92. In the recent trading on the day, stock has struck highest price mark of $2.97 while lowest mark touched by it was $1.87.

Taking a look at 20-day trading activity of Nano Labs Ltd (NA) gives us an average price of $1.2700, while its current price level is -83.01% below from 52-week high level whereas it is 157.61% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.1500 while that of 200 days or SMA-200 reads an average of $1.9400. A closer look into the stock’s movement over the week reveals that its volatility is standing at 25.18% during that period while stretching the period over a month that decreases to 16.39%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 79.95 which implies that the stock is in overbought territory.

Over the week, NA’s stock price is moving 62.33% up while it is 122.54% when we observe its performance for the past one month. Year-to-date it is 106.09% up and over the past year.

Currently, Nano Labs Ltd’s total number of outstanding shares is 52.35M with 0.00% of that held by the insiders while 0.18% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 11.40%. It has a price to earnings ratio (P/E ratio) of 32.03. Stock has a price to book (P/B) ratio of 5.27 while price to sale or P/S ratio amounts to 0.90.