Deep dive · NasdaqGM: NA
Nano Labs Ltd stock analysis
Everything behind the call on Nano Labs Ltd. 6 sections, ordered the way risk stacks up: survival first, quality and price in the middle, context last. The Beacon gives you the read. This is where you check the work.
The five reads
Global tape
FrankfurtL7I—⏱
Where else this company trades. A closed venue shows its last close, marked ⏱ — not a live price.
The bottom linestart hereAs of 2026-11-09
Chart pattern
Below both averages
The 50-day sits below the 200-day
50-day $2.02 · -27.6%
200-day $2.33 · -37.3%
200-day $2.33 · -37.3%
Earnings
In 141 days
30 Mar 2027
cohort P(beat) 61% · n=142,820
Dividend
0.00%
A rounding error against cash — this is a capital-gains position
Risk flags
1 critical
5 checks run, 1 clear
beta 1.13 · vol 87% ann.
worst drawdown -73%
worst drawdown -73%
New to this? Every metric carries a plain-English read beside it, and an ⓘ next to a label opens the definition. Anything unfamiliar is also defined at the foot of the page under Glossary.
In one paragraphwhat the company actually does193 chars
Nano Labs Ltd engages in the design and sale of fabless integrated circuit and product solutions in the People's Republic of China, Hong Kong, Singapore, the United States, and internationally.
NasdaqGM · USDSemiconductors
$1.46+0.09 · +6.59%RTH · vol 16.1K
52-week range↑ 0% off low · ↓ 71.7% off high
$1.46now $1.46$5.16
Quote Nov 9, 2026 · 2:20 PM ET
Tape 2026-11-06
Factors 2026-11-09
Tape 2026-11-06
Factors 2026-11-09
01Ratios · Aug 15, 2026SOLVENCY IN QUESTION
Survival & solvency
Altman-Z of 0.6 against a 3.0 safe threshold, and 1 of 5 forensic checks clear.
↳ Plain EnglishBefore anything else: can this company pay its bills? These blocks check the balance sheet, whether your slice of ownership is being diluted, and whether the accounting looks honest.
Bankruptcy risk (Altman-Z)
0.63DISTRESS ZONE
Distress<1.8
Grey1.8–3.0
Safe>3.0
Profitability, leverage and liquidity combined into one number. Above 3.0 is the safe band.
Balance sheetAug 15, 2026
Piotroski F-scoreWATCH
F 4/9
Piotroski F-score 4 of 9. Nine pass/fail tests covering profitability, leverage and operating efficiency; seven or more is strong.
Your ownership stake
Net buyback yieldISSUING
-81.57%
Buybacks less new issuance, as a share of market value.
Buyback yieldGROSS
0.38%
Repurchases as a share of market value, before new issuance is netted off.
Stock-based comp / revenueIN LINE
0.3%
Stock comp is the dilution pressure a buyback has to outrun. We read up to 5% of revenue as modest and above 12% as heavy — our own reading band, not a measured peer statistic.
Diluted vs basic share gapTHIN OVERHANG
0.02%
Options and awards already granted, expressed as the gap between the diluted and basic counts.
Accounting forensicsSEC filings
Red-flag x-rayGRADE D
50 / 100
1 critical · 2 watch · 1 clear of 4 scored tests
Red-flag x-ray · every check, passes included
CheckStatusValueWhat it looks for
Bankruptcy distressCRITICALZ 0.63Altman-Z in the Distress · fundamentals
Earnings manipulationNAn/aBeneish-M not available · fundamentals
LeverageCLEARLTD/E 0.23long-term debt 0.23× equity · fundamentals
Profitability qualityWATCHF 4/9Piotroski F-score 4 of 9 · fundamentals
Filing forensicsWATCH2 flags2 filing red flags on the latest 10-K · forensic
5 checks, 1 clear and 2 watch and 1 critical. The passes are shown because a score built from five checks means something different from one built from three.
02
Business quality
The quality blocks below render whatever the filings support; anything absent says so in place.
↳ Plain EnglishMargins tell you how much of each sales dollar the company keeps. Return on capital tells you whether reinvesting that money creates value. Both are read against what the filings support, not against a target.
12-1 momentum
-47.8%EX LAST MONTH
Return over the last year excluding the most recent month — the standard momentum factor, which drops the short-term reversal.
Profitability
Data unavailableNo parsed income statement is on file, so margins, returns on capital and cash generation cannot be computed for this name.
Growth & relative strength
Trailing return by period
1 month-36.0%
3 months-24.3%
6 months-17.0%
Year to date-56.5%
1 year-66.6%
Relative-strength rankBOTTOM 28%
28 / 100
Where this name's 3-month return against the S&P 500 ranks across the market — a quarter's standing, not the year's.
Around earnings
P(beat next quarter)COHORT BASE RATE
61%
survivor-tilted universe (currently-listed names; large-cap-skewed coverage)
Typical earnings moveData unavailableRealized move magnitudes are not published for this name yet — no measured print on file.
Reaction: beat vs missData unavailableThe beat-versus-miss reaction gap is not computed for this name — undetermined — needs ≥12 measured beats.
Consensus biasVALIDATED
Persistent
insufficient surprise history
Next reportIN 141 DAYS
30 Mar 2027
Reports bmo
Dividends & income
Data unavailableThis company does not pay a dividend. There is no yield, payout ratio or ex-dividend date to show, and the return case rests entirely on capital gains.
Signal
Not an income position.
No dividend is declared, so nothing here contributes to total return except the price. That is a fact about the security, not a criticism of it.
Inventory ledger
Data unavailableNo inventory detail is tagged in this company's filings. The ledger needs the XBRL inventory components, which a business without physical goods does not report.
Segments & geography
Data unavailableRevenue by segment and region is not on file for this name, so product and geographic concentration are not shown.
Pattern reliability · platform-wide cohortSnapshot · Nov 6, 2026
Downtrend · leans bearish
HorizonHigherMedianObservations
10d47%0.0%1,308,676
21d47%0.0%613,759
63d47%-0.9%195,225
slope -0.51 over 40 bars
Inverted hammer · leans bullish
HorizonHigherMedianObservations
10d49%0.0%91,193
21d49%-0.1%42,845
63d49%-0.4%13,689
long upper shadow, small body at bottom
Near support · leans bullish
HorizonHigherMedianObservations
10d51%+0.1%558,624
21d52%+0.1%261,666
63d54%+0.4%81,681
testing recent support
Rsi oversold · leans bullish
HorizonHigherMedianObservations
10d45%0.0%237,974
21d47%0.0%110,958
63d50%0.0%34,927
RSI 30 ≤ 30
0315-min delayed
Price & timing
Price $1.46, RSI 30.
↳ Plain EnglishA multiple is what the market charges for a dollar of this company's earnings, cash or revenue; the trend and the options tape say what the price is doing around it. Together they are the timing picture, not the quality one.
Trend
Below every average0 OF 3 AVERAGES
50-day $2.02 · 200-day $2.33. Price above both is the structural definition of an uptrend.
The setup right now15-min delayed
Price · 504 sessions2024-11-04 → 2026-11-06
price50-day200-day
How to read this
Up 6.59% on the session.
Follow the solid line: each point is a session close. Compare it to the 50-day average — while price stays above it the short-term trend is up, and a drop below is the first structural warning.
Momentum (RSI-14)OVERSOLD
30
030 oversold70 hot100
Where momentum sits on a 0–100 scale. Above 70 is overbought, below 30 oversold; the middle says the move has room either way.
Typical day (ATR-14)±12.7%
$0.19
The average true range — how far this stock moves on an ordinary day. It sets the scale a stop has to clear.
MACDBELOW SIGNAL
-0.02
The short-term trend against its own signal line. The sign is the read; the size is not a target.
Bollinger position15% OF RANGE
Lower band
Where price sits inside its own volatility band. The edges are where a move is stretched, not where it reverses.
20-day VWAPPRICE BELOW
$1.72
The volume-weighted average of the last month. Price above it means recent buyers are, on average, in profit.
Chandelier exitBROKEN
$1.66
A volatility-based trailing stop, set a few average ranges below the recent high.
30 Mar 2027 · in 141 daysNext earningsThe next scheduled catalyst. The forward guide usually moves the tape more than the printed number. Date as the vendor last stated it on 30 Aug; companies confirm about three weeks ahead, so it can still move.
2026-11-10 · tomorrowInflation (CPI)A scheduled macro release. It moves this stock independently of anything the company does.
Setup & oddsNightly
Pullback riskoverstretch read
In line1.00× segment rate · n=1,289
Historically, crypto names in this tape state saw a ≥20% pullback within 63 trading days in 87% of cases (n=1,289).
Overstretchvs the 20-day mean
-2.0σ
How many standard deviations price sits from its 20-day mean. Beyond 2σ is genuinely stretched; inside it is ordinary.
Bottom zoneif it breaks down
$1 – $12 supports
Where prior demand appeared: Low 52w at $1.32, S1 at $1.28.
Slide scorefalling-knife check
72 / 100Falling knife
A composite of consecutive down days, gap risk and volume expansion. Low means any decline is orderly.
Signal
The odds lean, the stretch qualifies it.
Not enough fundamental coverage to score this name's red-flag cohort — no 12-month odds shown.
Valuation
Earnings yield vs cashABOVE CASH
32.71pp
The earnings yield clears the risk-free rate, so the current return alone competes with cash.
Multiples
Trailing P/Eearnings already reported2.7×58th of its 5yr range
0 of the 1 priced multiple above sit in the richer half of its band. Each priced multiple is read against this stock's own history where a five-year range is on file, so the question is whether today is dear for this name rather than for the market. The multiples are computed separately from the quote above and are not re-priced as it moves, so they can lag it.
Price horizon & timing
Data unavailableMicro-cap names are excluded from the level composer by design. At this size the daily range routinely swallows the distance between an entry and a stop, so the levels would describe noise rather than structure.
Gamma map
Data unavailableThis name has no listed options chain, so there is no dealer gamma to map. Regime, flip level, walls and the implied move all need a chain to exist.
Options tape
Data unavailableNo options chain is connected for this ticker. Max pain, the put/call ratio, the implied move and the open-interest ladder all need the chain feed.
0413F quarterly · Form 4 dailyNET SIGNAL -2
Ownership & flow
Institutions hold 43%, short interest is 11.35% of float.
↳ Plain EnglishWho is buying and selling, and what they had to disclose. Institutions file 13F 45 days after quarter end, executives file Form 4 within two days, and Congress discloses under the STOCK Act with a 30–45 day legal lag. Every one of those is a look backwards.
Net signal
-2BALANCED · 30d
0 bull / 1 bear factors. The points sum to the net beside the label; nothing here is weighted after the fact.
The QTick signalNightly
Quality / valueTTM · CONTEXT
-2
Altman-Z in the distress zone
Signal
0 bull / 1 bear factors
Independent factors scored and netted to -2 over 30d, a balanced reading. 1 of 9 factors carried a direction; the others scored zero and do not vote. The signal describes where the data leans, not what to do about it.
Cross-category read
Data unavailableFewer independent evidence families are ready than the engine's minimum, so there is nothing to check for agreement. A cross-category read over two categories is not a read.
Wall Street
Data unavailableNo sell-side firm publishes research on this name. There is no consensus rating, no price target and no estimate revisions to weigh — for a company this size that is the norm rather than a gap in our data.
Who owns it13F quarterly · Form 4 daily
Institutional ownershipRETAIL-HEAVY
42.6%
The share held by 13F filers. It describes last quarter's positioning, not today's — filings land up to 45 days after quarter end.
Insider ownershipOFFICERS & DIRECTORS
56.0%
The share held by the people running the company.
Short interest (float)CROWDED
11.35%
Falling — shares short changed -1.6% over 30 days. A crowded short is fuel in both directions.
Free float48% OF SHARES
9.75M
Shares actually available to trade, excluding insider and restricted holdings.
Dollar volume (ADV)34th PCTILE
$349,251/day
Average dollars traded per day, and where that ranks cross-sectionally. Thin liquidity is a cost you pay on the way out, not just on the way in.
Borrow feeData unavailableWe do not license securities-lending data, so the annualized cost of borrowing shares to short is not something we can show. Short interest and days-to-cover above are the closest read we can source.
The story · news & sentimentRolling window
Why it moved todayPEER COMOVE
+6.59%
NA rose +6.59% in today's session alongside 4 of 5 peers (median 5.70%) — a sector/market move, not company-specific.
Congress
Data unavailableNo congressional trades in this name have been disclosed under the STOCK Act. Lawmakers' disclosed trades cluster heavily in large caps, so an empty list is the usual state.
050 graded callsHIGH VOLATILITY
Risk & track record
Beta 1.13, 87% annual volatility, a -73% worst drawdown, and 2 of 8 risk surfaces clear.
↳ Plain EnglishWhat owning it does to a portfolio, what the model votes against, and how often our own calls have been right. Every call is graded when it resolves, and the ones still open stay visible.
A very bad day (EVT)
−19.2%1-IN-200 DAY
Fitted to the tail of the return distribution rather than assuming a bell curve. Size the position so a day like this is survivable.
What it does to a portfolio5-year window
Beyond the tail (ES)1-IN-1,000 DAY
−44.5%
The average loss on a 1-in-1,000 day or worse — deeper in the tail than the 1-in-200 figure above and further than the measured history reaches, so it reads as the scale of a crash, not a forecast of one.
Tail understatementHEAVY TAIL
1.4×
A normal-curve estimate understates this name's worst days by about 1.4×, so volatility alone is the wrong risk measure for it.
Max drawdownIT CAN HALVE
-72.9%
The deepest peak-to-trough fall in the measured window. Only hold a position you can watch do this.
Beta (vs the market)LOW FIT
1.13
The market explains about 3.0% of its daily moves, so this beta says little about how it tracks the index — most of its movement is its own.
Annualized volatilityELEVATED
87%
How far it swings over a year, from its own realized returns.
Tactical phaseNIGHTLY READ
Falling knife
Selling pressure55
Buying pressure0
Overheat0
State: falling_knife — Still breaking lower without consolidation — a fresh swing-low printed and no basing pattern has formed yet.
What votes againstNightly
MedQuality / valueAltman-Z in the distress zoneTTM · -2
Signal
1 of 9 factors vote against.
Ranked by the size of each factor's own point contribution to the net signal — these are the model's stated reasons, not a written bear case. Each one is scored from the source named beside it.
Failure modes · by company typeRouted as: Crypto-equity
Signal
Routed as Crypto-equity.
Failure modes are routed by company type, and the bank-run and crypto-treasury rulebooks are the validated ones. This name routes as Crypto-equity, so the 2 checks above are that cohort's, not a generic list.
The risk case · why not to buy8 surfaces · nightly
Avoid score6-month distress
39.3%2.7× its cohort · $1–$5 names
Observational 6-month large-drawdown risk ranking — not a forecast, not alpha. Historical distress rate for this $1–$5 names segment: 14.8%. This name reads 2.7× that base rate.
LowDistress screenThe distress model did not score this name in the latest run, so this surface is unmeasured rather than clear.Not scored
LowPosition sizeThe sizing model has not covered this name, so no defensible cap is published for it.Not scored
LowLottery-ticket behaviourNot scored for this name.Not scored
LowCash runwayNot scored for this name.Not scored
LowPost-earnings driftDrift odds at full strength (+3.21% / 63-day spread reference from measured post-earnings drift).Timing
LowDividend riskNot scored for this name.Not scored
HighRestatement history1 restatement in 2 years. The flagged-company base rate is 6.2× the unflagged one.Integrity
LowCrowded shortNot in a warn state: the crowded-short model only publishes when short interest and thin liquidity coincide, and neither condition is met here.Not scored
Signal
2 of 8 surfaces clear.
8 surfaces checked, 2 clear. Each row states which surface it is and what it measured; a surface that could not be scored says so rather than counting as clear.
Who should skip it
Skip it if any of these is you
You can't sit through -73%
That is this name's deepest measured fall, on 87% annualized volatility. A drawdown of that size is normal here, not exceptional.
You want income
A 0.00% yield is a rounding error against cash. This is a capital-gains position.
Our track record0 resolved
Track recordBUILDING IN THE OPEN
9 logged
9 calls logged on this name, 0 resolved so far. Calls are logged the moment they are made, so the open ones are public before anyone knows how they turn out, and a hit-rate is not published until enough of them resolve.
0610-K disclosed linksSEMICONDUCTORS
The wider context
5 mapped peers, 3 connections.
↳ Plain EnglishCompanies do not trade alone. This is the peer set, the supply chain that has to deliver, and the macro variables that move the stock regardless of company news.
Rate sensitivity
-73.8% per +1ppSECTOR
This is the SECTOR prior, not a measurement of this name — the regression did not clear its own bar. The verdict beside it (headwind) comes from the prior too, so the two agree by construction rather than by evidence.
Versus peersLatest session
Peer set · 5 names
SymbolRelationshipPriceSession
NVDACompetitor$176.00-5.70%
TSMSupplier$389.29+3.69%
AVGOPeer$318.56+8.47%
AMDPeer$506.75+12.85%
MUPeer$727.71+5.46%
The mapped peer set and how each traded in the latest session. A peer moving with this name says the move is the sector's; one moving against it says the move is this company's.
Time machineHistory from 2023-06-01
Signal
Every backward window is negative.
Look-back returns describe what happened, not what is likely. They are here to set the scale a future move would be measured on.
Macro driversRolling window
Next macro catalystTOMORROW
Inflation (CPI)
2026-11-10. A scheduled release that moves this stock independently of anything the company does.
Events · what moves this stockNov 7, 2026
FOMC decisionUsually hurts when the Fed sounds more hawkish than expected
Higher rates for longer hit tech hardest, because so much of its value is profits years away.
Typical for the Technology sector
On the day +0.1% · A week later +0.5% · Two weeks later +0.5% · Rose on 16 of 39 report days
Across the last 39 FOMC decision reports since Jul 1, 2023, NA moved +0.1% on average on the day and was 0.5% higher two weeks later. The S&P 500 moved 0.0% on those days.
Initial jobless claimsUsually helps when more people file for benefits than expected
Rising joblessness pushes the Fed toward lower rates, which lifts growth-priced tech.
Typical for the Technology sector
On the day -0.9% · A week later -0.9% · Two weeks later -0.6% · Rose on 76 of 173 report days
Across the last 173 Initial jobless claims reports since Jun 8, 2023, NA moved -0.9% on average on the day and was 0.6% lower two weeks later. The S&P 500 moved 0.0% on those days.
Producer prices (PPI) is due in 4 days.
Producer prices (PPI)Usually hurts when producer prices run hotter than expectedChip stocks are priced on growth and sell off when rates rise.
Typical for the Semiconductors industry
On the day +4.8% · A week later -0.4% · Two weeks later +2.4% · Rose on 18 of 40 report days
Across the last 40 Producer prices (PPI) reports since Jun 12, 2023, NA moved +4.8% on average on the day and was 2.4% higher two weeks later. The S&P 500 moved +0.2% on those days.
Core PCE (the Fed's gauge)Usually hurts when inflation runs hotter than expected
Chip stocks are priced on growth and sell off when rates rise.
Typical for the Semiconductors industry
On the day -0.5% · A week later -1.9% · Two weeks later +0.1% · Rose on 17 of 39 report days
Across the last 39 Core PCE (the Fed's gauge) reports since Jun 28, 2023, NA moved -0.5% on average on the day and was 0.1% higher two weeks later. The S&P 500 moved +0.2% on those days.
Core inflation (core CPI) is due tomorrow.
Core inflation (core CPI)Usually hurts when inflation runs hotter than expectedChip stocks are priced on growth and sell off when rates rise.
Typical for the Semiconductors industry
On the day +4.8% · A week later -0.8% · Two weeks later +2.4% · Rose on 17 of 39 report days
Across the last 39 Core inflation (core CPI) reports since Jun 12, 2023, NA moved +4.8% on average on the day and was 2.4% higher two weeks later. The S&P 500 moved +0.2% on those days.
Inflation (CPI) is due tomorrow.
Inflation (CPI)Usually hurts when inflation runs hotter than expectedChip stocks are priced on growth and sell off when rates rise.
Typical for the Semiconductors industry
On the day +4.8% · A week later -0.8% · Two weeks later +2.4% · Rose on 17 of 39 report days
Across the last 39 Inflation (CPI) reports since Jun 12, 2023, NA moved +4.8% on average on the day and was 2.4% higher two weeks later. The S&P 500 moved +0.2% on those days.
Job openings (JOLTS)Usually hurts when job openings come in higher than expected
Strong hiring tells the Fed it can keep rates high, which weighs on growth-priced tech.
Typical for the Technology sector
On the day +0.3% · A week later +1.3% · Two weeks later -2.5% · Rose on 19 of 39 report days
Across the last 39 Job openings (JOLTS) reports since Jul 5, 2023, NA moved +0.3% on average on the day and was 2.5% lower two weeks later. The S&P 500 moved 0.0% on those days.
Jobs report (nonfarm payrolls)Usually hurts when hiring comes in stronger than expected
Strong hiring tells the Fed it can keep rates high, which weighs on growth-priced tech.
Typical for the Technology sector
On the day -0.6% · A week later +1.0% · Two weeks later -2.5% · Rose on 16 of 39 report days
Across the last 39 Jobs report (nonfarm payrolls) reports since Jul 6, 2023, NA moved -0.6% on average on the day and was 2.5% lower two weeks later. The S&P 500 moved -0.1% on those days.
Customer momentum
Data unavailableCustomer momentum needs listed customers that disclose a revenue dependence on this company, and none is on file. The connections below are a different map: competitors and partners, most of them curated rather than filed.
Connections3 links · none confirmed
Direct connections · 3 edges
CompanyRelationSessionProvenance
TSM · Suppliersupplier+3.69%Rumored · manual
AAPL · Customercustomer+2.80%Rumored · manual
NVDA · Competitorcompetitor-5.70%Rumored · manual
0 of 3 edges are named in a filing; the rest come from reporting we have not matched to one yet, and are labelled as such.
Glossary · every term on this page
Survival
Altman Z
Bankruptcy-risk score. Above 3.0 is the safe band.
Piotroski F
Nine pass/fail health tests; 7 or more is strong.
Beneish M
Accrual and growth pattern screen. Clear below −2.22, watch to −1.78, elevated above; a year of very fast revenue growth lifts it by construction.
Merton DTD
Standard deviations of asset value between the company and its debt.
EDF
Default frequency calibrated on what actually happened to similar names.
Price & tape
RSI-14
Momentum gauge 0–100. Above 70 is overbought, below 30 oversold.
ATR
Average true range — the size of a typical day.
VWAP
20-day volume-weighted average price — the average paid over the last month; the page shows no intraday VWAP.
Supertrend
A trend-following stop line. A close through it flips the read.
Chandelier
A trailing stop set a few average ranges below the recent high.
Options & flow
Gamma / GEX
Dealer hedging pressure. Negative gamma amplifies moves both ways.
Call / put wall
The strikes with the heaviest open interest; they act as ceiling and floor.
Max pain
The strike where most options expire worthless.
13F · Form 4
Institutional filings, 45 days after quarter end. Insider trades, within two days.
Scoring
Composite signal
Independent factors scored and netted into one number.
Hit-rate
Share of past calls that resolved in the direction stated.
Brier score
Calibration measure. Lower means stated probabilities track reality.
HHI
Concentration 0–10,000. Above 2,500 means one segment carries the company.
EVT
Fits the tail rather than assuming a bell curve, so bad days are not understated.