Key Points
- Nano Labs Director Nan Hu sold 11,165 shares at an average price of $2.25, totaling $25,121.25. The sale reduced Hu’s direct holdings by 28.76% to 27,651 shares.
- Nano Labs reported a quarterly loss of $2.01 per share on revenue of $0.20 million. The stock opened at $2.11, with a 52-week range of $1.58 to $6.10.
- Analyst sentiment remains negative, with Nano Labs carrying a consensus “Sell” rating; institutional investors and hedge funds own approximately 50.68% of the company.
Nano Labs Ltd. Sponsored ADR (NASDAQ:NA - Get Free Report) Director Nan Hu sold 11,165 shares of Nano Labs stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $2.25, for a total transaction of $25,121.25. Following the sale, the director directly owned 27,651 shares in the company, valued at approximately $62,214.75. The trade was a 28.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Nano Labs Price Performance
NA opened at $2.11 on Thursday. Nano Labs Ltd. Sponsored ADR has a one year low of $1.58 and a one year high of $6.10. The company has a current ratio of 1.20, a quick ratio of 2.03 and a debt-to-equity ratio of 0.45. The business's 50 day moving average price is $1.89 and its 200 day moving average price is $2.34.
Nano Labs (NASDAQ:NA - Get Free Report) last posted its earnings results on Friday, August 28th. The company reported ($2.01) earnings per share (EPS) for the quarter. The business had revenue of $0.20 million during the quarter.
Hedge Funds Weigh In On Nano Labs
Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in Nano Labs in the fourth quarter valued at approximately $89,000. XTX Topco Ltd lifted its stake in Nano Labs by 40.9% during the fourth quarter. XTX Topco Ltd now owns 36,641 shares of the company's stock worth $115,000 after purchasing an additional 10,638 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in Nano Labs by 9.3% during the fourth quarter. Vontobel Holding Ltd. now owns 51,045 shares of the company's stock worth $161,000 after purchasing an additional 4,364 shares in the last quarter. Hedge funds and other institutional investors own 50.68% of the company's stock.
Analyst Upgrades and Downgrades
NA has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Nano Labs in a report on Tuesday, July 14th. Wall Street Zen upgraded shares of Nano Labs to a "hold" rating in a report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nano Labs has a consensus rating of "Sell".
Check Out Our Latest Analysis on NA
Nano Labs Company Profile
(
Get Free Report)
Nano Labs Ltd operates as a fabless integrated circuit design company and product solution provider in the People's Republic of China and internationally. It develops high throughput computing and high-performance computing chips. The company also offers distributed computing and storage solutions, smart network interface cards, and vision computing chips, as well as distributed rendering technology. In addition, it engages in the research and development of software. Its customers include enterprises and individual buyers.
Further Reading
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