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Nano Labs Ltd. Sponsored ADR Class A
(NASDAQ:NA)
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Rating:46Neutral
Price Target:
$2.00
▼(-42.03% Downside)
Action:Reiterated
Date:05/14/26
The score is held down primarily by weak financial fundamentals (negative operating economics and persistent cash burn) and only modest technical strength. Earnings-call positives around profitability improvement and strategic initiatives are tempered by gross-loss pressure, reduced cash, and reliance on non-recurring crypto-related income; valuation signals are not usable from the provided P/E and missing dividend yield.
Positive Factors
Balance sheet improvement
The material improvement in equity and more moderate leverage versus 2021–2023 reduces refinancing and solvency risk and increases financial optionality. A stronger balance sheet supports capital allocation for product rollouts or strategic hires, making the business more resilient over the next several quarters.
Negative Factors
Persistent operating cash burn
Multi-year negative operating and free cash flow show the business consumes cash despite headline profits, meaning earnings are not converting to cash. This persistent cash burn raises financing and execution risk, potentially constraining R&D, production, or go-to-market investment without further funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet improvement
The material improvement in equity and more moderate leverage versus 2021–2023 reduces refinancing and solvency risk and increases financial optionality. A stronger balance sheet supports capital allocation for product rollouts or strategic hires, making the business more resilient over the next several quarters.
Read all positive factors
Nano Labs Ltd. Sponsored ADR Class A (NA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$45.96M
Dividend YieldN/A
Average Volume (3M)155.07K
Price to Earnings (P/E)2.3
Beta (1Y)0.33
Revenue Growth-33.13%
EPS GrowthN/A
CountryUS
Employees67
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)N/A
Shares Outstanding20,355,180
10 Day Avg. Volume118,044
30 Day Avg. Volume155,067
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.69
Price to Sales (P/S)19.25
P/FCF Ratio-4.80
Enterprise Value/Market Cap24.24
Enterprise Value/Revenue41.26
Enterprise Value/Gross Profit-155.77
Enterprise Value/Ebitda-17.53
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nano Labs Ltd. Sponsored ADR Class A Business Overview & Revenue Model
Company Description
Nano Labs Ltd functions as a fabless integrated circuit (IC) design firm and a provider of comprehensive product solutions, serving markets both within China and internationally. The company specializes in developing chips for high-throughput and ...
How the Company Makes Money
Nano Labs’ revenue model is not described in sufficient detail in the provided context to identify its specific monetization mechanics, pricing structure, customer mix, or the breakdown of revenue streams (e.g., hardware sales vs. services vs. lic...
Nano Labs Ltd. Sponsored ADR Class A Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 27.01M | 40.60M | 78.34M | 983.17M | 39.44M |
| Gross Profit | -39.79M | 11.60M | -103.45M | 230.16M | -4.09M |
| EBITDA | -92.42M | -100.99M | -243.27M | 208.69M | -168.90M |
| Net Income | 135.47M | -113.19M | -252.82M | 31.12M | -174.94M |
Balance Sheet | |||||
| Total Assets | 1.12B | 615.93M | 350.30M | 367.24M | 909.83M |
| Cash, Cash Equivalents and Short-Term Investments | 36.09M | 275.32M | 50.53M | 91.25M | 265.74M |
| Total Debt | 235.71M | 198.87M | 150.88M | 23.67M | 7.35M |
| Total Liabilities | 378.85M | 383.03M | 366.56M | 202.83M | 934.49M |
| Stockholders Equity | 748.77M | 230.79M | -14.73M | 164.41M | -24.66M |
Cash Flow | |||||
| Free Cash Flow | -108.32M | -175.70M | -238.96M | -341.76M | 63.04M |
| Operating Cash Flow | -108.27M | -139.33M | -133.47M | -274.94M | 71.73M |
| Investing Cash Flow | -296.19M | -256.77M | -105.48M | -33.18M | -36.05M |
| Financing Cash Flow | 382.39M | 375.98M | 199.52M | 161.00M | 164.90M |
Nano Labs Ltd. Sponsored ADR Class A Technical Analysis
Neutral
3.45
Price Trends
2.09
Negative
2.48
Negative
3.29
Negative
Market Momentum
-0.08
Negative
51.16
Neutral
70.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NA, the sentiment is Neutral. The current price of 3.45 is above the 20-day moving average (MA) of 1.84, above the 50-day MA of 2.09, and above the 200-day MA of 3.29, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 51.16 is Neutral, neither overbought nor oversold. The STOCH value of 70.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NA.
Nano Labs Ltd. Sponsored ADR Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $326.25M | 109.44 | 3.70% | ― | -13.20% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
48 Neutral | $251.66M | -16.06 | -21.96% | ― | 22.44% | 1.58% | |
48 Neutral | $55.86M | -3.80 | -4.92% | ― | -21.88% | -203.29% | |
46 Neutral | $45.96M | 2.33 | -16.83% | ― | -33.13% | ― | |
46 Neutral | $146.73M | -5.73 | -10.13% | ― | -20.64% | 44.67% | |
46 Neutral | $256.69M | -10.20 | -84.79% | ― | -40.50% | 1.62% |
* Technology Sector Average
NA
Nano Labs Ltd. Sponsored ADR Class A
1.98
-5.81
-74.58%
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Nano Labs Ltd. Sponsored ADR Class A Corporate Events
Nano Labs Signs MOU With ALT5 to Explore North American AI Data Centers and AI-Native Payments
Apr 24, 2026
On April 24, 2026, Nano Labs Ltd, a Web 3.0 infrastructure and crypto treasury company, disclosed via a Form 6-K that a new press release has been incorporated by reference into several of its existing U.S. shelf registration statements. This fili...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.