Elekta AB (Sweden) Today

EKTA-B Stock  SEK 80.82  0.20  0.25%   

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Elekta AB is trading at 80.82 as of the 28th of March 2024, a 0.25 percent increase since the beginning of the trading day. The stock's open price was 80.62. Elekta AB has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Elekta AB are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of August 2023 and ending today, the 28th of March 2024. Click here to learn more.
Elekta AB provides equipment and software for cancer and brain disorders worldwide. The company was founded in 1972 and is headquartered in Stockholm, Sweden. Elekta AB operates under Medical Instruments Supplies classification in Sweden and is traded on Stockholm Stock Exchange. The company has 367.1 M outstanding shares. More on Elekta AB

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Elekta Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Elekta AB's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Elekta AB or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Business ConcentrationMedical Instruments & Supplies, Healthcare (View all Sectors)
Elekta AB (EKTA-B) is traded on Stockholm Exchange in Sweden and employs 4,664 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 30.39 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Elekta AB's market, we take the total number of its shares issued and multiply it by Elekta AB's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Elekta AB operates under Healthcare sector and is part of Medical Instruments & Supplies industry. The entity has 367.1 M outstanding shares. Elekta AB has accumulated about 3.07 B in cash with 1.86 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 10.78.
Check Elekta AB Probability Of Bankruptcy
Ownership Allocation
Elekta AB holds a total of 367.1 Million outstanding shares. Over half of Elekta AB's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Elekta AB. Please watch out for any change in the institutional holdings of Elekta AB as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Elekta Stock Price Odds Analysis

What are Elekta AB's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Elekta AB jumping above the current price in 90 days from now is about 9.95%. The Elekta AB probability density function shows the probability of Elekta AB stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Elekta AB has a beta of 0.0406 suggesting as returns on the market go up, Elekta AB average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elekta AB will be expected to be much smaller as well. Additionally, elekta AB has an alpha of 0.013, implying that it can generate a 0.013 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 80.82HorizonTargetOdds Above 80.82
89.90%90 days
 80.82 
9.95%
Based on a normal probability distribution, the odds of Elekta AB to move above the current price in 90 days from now is about 9.95 (This Elekta AB probability density function shows the probability of Elekta Stock to fall within a particular range of prices over 90 days) .

Elekta AB Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Elekta AB market risk premium is the additional return an investor will receive from holding Elekta AB long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Elekta AB. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Elekta AB's alpha and beta are two of the key measurements used to evaluate Elekta AB's performance over the market, the standard measures of volatility play an important role as well.

Elekta Stock Against Markets

Picking the right benchmark for Elekta AB stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Elekta AB stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Elekta AB is critical whether you are bullish or bearish towards Elekta AB at a given time. Please also check how Elekta AB's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Elekta AB without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Elekta AB Corporate Management

Elected by the shareholders, the Elekta AB's board of directors comprises two types of representatives: Elekta AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elekta. The board's role is to monitor Elekta AB's management team and ensure that shareholders' interests are well served. Elekta AB's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Elekta AB's outside directors are responsible for providing unbiased perspectives on the board's policies.

How to buy Elekta Stock?

Before investing in Elekta AB, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Elekta AB. To buy Elekta AB stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Elekta AB. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Elekta AB stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Elekta AB stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Elekta AB stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Elekta AB, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Elekta AB?

The danger of trading Elekta AB is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Elekta AB is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Elekta AB. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Elekta AB is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elekta AB. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Elekta AB's price analysis, check to measure Elekta AB's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elekta AB is operating at the current time. Most of Elekta AB's value examination focuses on studying past and present price action to predict the probability of Elekta AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elekta AB's price. Additionally, you may evaluate how the addition of Elekta AB to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Elekta AB's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elekta AB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elekta AB's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.