Last Updated: 11 Nov 2024
Executive Summary
Nano Labs Ltd (NA) is a factory-free integrated circuit (IC) design company and product solution provider in China. The company has a market capitalization of $31.81 million and trades on the NASDAQ exchange. Nano Labs' latest stock price is $3.24.
Company Overview
Nano Labs is headquartered in Hangzhou, China. The company designs and develops ICs for various applications, including communications, computing, and consumer electronics. Nano Labs also provides product solutions to its customers, including chip design, manufacturing, and testing services.
Fundamental Analysis
Nano Labs' financial performance has been weak in recent quarters. The company reported a net loss of $117.31 million in the fiscal year ended December 2023. Revenue declined by 0.52% year-over-year to $50.81 million. Nano Labs' gross profit margin was 45.5%, and its operating margin was -2.37%. The company's diluted EPS was -$3.80.
Nano Labs' financial ratios are also weak. The company has a trailing Price-to-Sales (P/S) ratio of 0.63, a Price-to-Book (P/B) ratio of 24.68, and an EV/EBITDA ratio of -0.59.
Technical Analysis
Nano Labs' stock price has been in a downtrend since early 2023. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 33.33, which indicates that the stock is oversold.
Short Term Outlook
Nano Labs' stock price is likely to remain under pressure in the short term. The company's financial performance is weak, and the stock is trading below its moving averages. The RSI also indicates that the stock is oversold.
Long Term Outlook
Nano Labs' long-term outlook is uncertain. The company's financial performance has been weak, and the stock price has been in a downtrend. However, the company's technology is innovative, and it has a strong customer base. If Nano Labs can improve its financial performance, the stock price could rebound.
Analyst Recommendations
Analysts are currently neutral on Nano Labs. The average analyst rating is "Hold." Analysts are concerned about the company's financial performance, but they are also optimistic about the company's long-term prospects.
