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NaaS Technology ( (NAAS) ) has issued an update.
On November 4, 2025, NaaS Technology Inc. executed share subscription agreements with Newlink Envision Limited, Newlink Linkage Limited, and other accredited investors to issue 27,776,000,000 Class A ordinary shares at a price of US$0.001 per share, raising US$31.2 million. This transaction, approved by the company’s audit committee and board, increases Newlink’s voting power to 54.0% and reflects strategic financial maneuvers to strengthen NaaS Technology’s market position.
The most recent analyst rating on (NAAS) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on NaaS Technology stock, see the NAAS Stock Forecast page.
Spark’s Take on NAAS Stock
According to Spark, TipRanks’ AI Analyst, NAAS is a Neutral.
NaaS Technology’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, persistent losses, and high leverage. Technical analysis provides some stability with neutral indicators, but the negative MACD suggests bearish momentum. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield.
To see Spark’s full report on NAAS stock, click here.
More about NaaS Technology
NaaS Technology Inc. operates in the technology sector, focusing on providing innovative solutions and services. The company is involved in the issuance and management of various classes of ordinary shares, with a significant market presence in China.
Average Trading Volume: 95,403
Technical Sentiment Signal: Sell
Current Market Cap: $2.87M
See more data about NAAS stock on TipRanks’ Stock Analysis page.