NA Stock Summary and Trading Ideas (Nano Labs - Class A | NASDAQ:NA)

Nano Labs Ltd operates as a fabless IC design company and product solution provider in China. It engages in the development of HTC chips, HPC chips, distributed computing and storage solutions, smart-NICs, vision computing chips, and distributed rendering. Its products comprise Cuckoo 1.0 Chip, Cuckoo 2.0 Chip, and Darkbird 1.0 Chip. Majority of the company revenue comes from China.

Nano Labs - Class A trades on the NASDAQ stock market under the symbol NA.

As of March 10, 2025, NA stock price declined to $5.34 with 7,488 million shares trading.

NA has a beta of 2.03, meaning it tends to be more sensitive to market movements. NA has a correlation of 0.02 to the broad based SPY ETF.

NA has a market cap of $86.44 million. This is considered a Micro Cap stock.

NA has underperformed the market in the last year with a price return of -69.5% while the SPY ETF gained +10.3%. NA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -51.3% and -18.8%, respectively, while the SPY returned -7.4% and -6.6%, respectively.

NA support price is $5.32 and resistance is $6.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NA shares will trade within this expected range on the day.