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Nano Labs Ltd. Sponsored ADR Class A (NA)
NASDAQ:NA
US Market
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Nano Labs Ltd. Sponsored ADR Class A (NA) AI Stock Analysis

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NA

Nano Labs Ltd. Sponsored ADR Class A

(NASDAQ:NA)

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Neutral 48 (OpenAI - Gpt-5.6Sol)
Rating:48Neutral
Price Target:
$2.00
▼(-4.76% Downside)
Action:Reiterated
Date:08/28/26
The score is held down primarily by weak financial performance (especially persistent cash burn and poor operating profitability) and a difficult earnings-call backdrop with sharp revenue and profitability deterioration. Technicals provide some near-term support (price above key short-term averages and positive MACD), and valuation looks optically cheap via a very low P/E, but these positives are outweighed by fundamental and earnings-quality risks.
Positive Factors
AI-Web3 Ecosystem Strategy
The product launch provides a concrete platform for management’s AI-Web3 strategy and could broaden Nano Labs beyond specialized hardware. Building an integrated ecosystem may support recurring applications and partnerships if adoption develops.
Negative Factors
Severe Revenue Contraction
The sharp decline signals weak product demand and limited revenue scale. Continued dependence on a shrinking V-Series sales base could constrain investment capacity and make the planned AI-Web3 transition difficult to fund.
Read all positive and negative factors
Positive Factors
Negative Factors
AI-Web3 Ecosystem Strategy
The product launch provides a concrete platform for management’s AI-Web3 strategy and could broaden Nano Labs beyond specialized hardware. Building an integrated ecosystem may support recurring applications and partnerships if adoption develops.
Read all positive factors

Nano Labs Ltd. Sponsored ADR Class A (NA) vs. SPDR S&P 500 ETF (SPY)

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 tied to selling specialized computing hardware and related solutions. Historically, this has centered on monetizing proprietary chip designs and hardware products used for high-performance computing and/or blockchain-re...

Nano Labs Ltd. Sponsored ADR Class A Financial Statement Overview

Summary
Overall financial quality is weak. Income statement performance is volatile with revenue collapse versus prior peaks, deeply negative operating results, and even negative gross margin in 2025; the balance sheet has improved materially with positive equity and moderate leverage in 2025; however, cash flow is the biggest concern with persistent negative operating cash flow (2022–2025) and meaningfully negative free cash flow, indicating ongoing cash burn and low earnings quality.
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue27.01M40.60M78.34M983.17M39.44M
Gross Profit-39.79M11.60M-103.45M230.16M-4.09M
EBITDA-92.42M-100.99M-243.27M208.69M-168.90M
Net Income135.47M-113.19M-252.82M31.12M-174.94M
Balance Sheet
Total Assets1.12B615.93M350.30M367.24M909.83M
Cash, Cash Equivalents and Short-Term Investments36.09M275.32M50.53M91.25M265.74M
Total Debt235.71M198.87M150.88M23.67M7.35M
Total Liabilities378.85M383.03M366.56M202.83M934.49M
Stockholders Equity748.77M230.79M-14.73M164.41M-24.66M
Cash Flow
Free Cash Flow-108.32M-175.70M-238.96M-341.76M63.04M
Operating Cash Flow-108.27M-139.33M-133.47M-274.94M71.73M
Investing Cash Flow-296.19M-256.77M-105.48M-33.18M-36.05M
Financing Cash Flow382.39M375.98M199.52M161.00M164.90M

Nano Labs Ltd. Sponsored ADR Class A Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.10
Price Trends
50DMA
1.92
Positive
100DMA
2.05
Positive
200DMA
2.66
Negative
Market Momentum
MACD
0.09
Negative
RSI
65.20
Neutral
STOCH
70.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NA, the sentiment is Positive. The current price of 2.1 is above the 20-day moving average (MA) of 2.02, above the 50-day MA of 1.92, and below the 200-day MA of 2.66, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 65.20 is Neutral, neither overbought nor oversold. The STOCH value of 70.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NA.

Nano Labs Ltd. Sponsored ADR Class A Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
57
Neutral
$261.75M56.724.95%-2.35%
54
Neutral
$60.71M-0.84-29.77%-21.88%-203.29%
49
Neutral
$157.66M-6.27-77.91%369.39%1.34%
48
Neutral
$52.00M1.629999.00%-9.48%-25.45%
46
Neutral
$205.61M-12.31-21.39%13.65%15.74%
46
Neutral
$112.82M-3.71-12.72%-18.29%8.69%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NA
Nano Labs Ltd. Sponsored ADR Class A
2.29
-2.78
-54.83%
ASYS
Amtech Systems
15.49
7.55
95.09%
GSIT
GSI Technology
5.63
2.58
84.59%
MX
MagnaChip
3.12
0.10
3.31%
ATOM
Atomera
4.14
0.83
25.08%
ICG
Intchains Group Ltd. ADR
0.99
-0.89
-47.39%

Nano Labs Ltd. Sponsored ADR Class A Corporate Events

Nano Labs Joins Canton Network as Validator Node to Bolster Institutional Blockchain Infrastructure
Aug 5, 2026
Nano Labs Ltd, a leading Web 3.0 infrastructure and crypto treasury company specializing in advanced computing chips, has built a flow processing unit architecture that integrates high-throughput and high-performance computing capabilities. The co...
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.Date of analysis: Aug 28, 2026