Hoftex Group (Germany) Today
NBH Stock | EUR 7.20 0.05 0.69% |
Performance0 of 100
| Odds Of DistressOver 60
|
Hoftex Group is selling for under 7.20 as of the 28th of March 2024; that is -0.69 percent down since the beginning of the trading day. The stock's last reported lowest price was 7.2. Hoftex Group has more than 60 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Hoftex Group AG are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of September 2023 and ending today, the 28th of March 2024. Click here to learn more.
Hoftex Group AG, through its subsidiaries, develops, manufactures, and sells textile products for various applications in Germany and internationally. Hoftex Group AG was founded in 1853 and is headquartered in Hof, Germany. HOFTEX GROUP operates under Textile Manufacturing classification in Germany and is traded on Munich Stock Exchange. The company has 5.44 M outstanding shares. More on Hoftex Group AG
Moving against Hoftex Stock
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Valuation
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Hoftex 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. Hoftex Group's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hoftex Group or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Business Concentration | Textile Manufacturing, Consumer Cyclical (View all Sectors) |
Hoftex Group AG (NBH) is traded on Munich Exchange in Germany and employs 1,008 people. The company currently falls under 'Micro-Cap' category with a current market capitalization of 53.36 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hoftex Group's market, we take the total number of its shares issued and multiply it by Hoftex Group'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. Hoftex Group AG operates under Consumer Cyclical sector and is part of Textile Manufacturing industry. The entity has 5.44 M outstanding shares.
Hoftex Group AG has accumulated about 26.61 M in cash with 6.21 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.89.
Check Hoftex Group Probability Of Bankruptcy
Hoftex Stock Against Markets
Picking the right benchmark for Hoftex Group 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 Hoftex Group 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 Hoftex Group is critical whether you are bullish or bearish towards Hoftex Group AG at a given time. Please also check how Hoftex Group'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 Hoftex Group 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.Did you try this?
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How to buy Hoftex Stock?
Before investing in Hoftex Group, 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 Hoftex Group. To buy Hoftex Group stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Hoftex Group. 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 Hoftex Group stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Hoftex Group AG 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 Hoftex Group AG 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 Hoftex Group AG, 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 Hoftex Group AG?
The danger of trading Hoftex Group AG 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 Hoftex Group 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 Hoftex Group. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hoftex Group AG 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Hoftex Group AG. 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. Note that the Hoftex Group AG information on this page should be used as a complementary analysis to other Hoftex Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Hoftex Stock analysis
When running Hoftex Group's price analysis, check to measure Hoftex Group'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 Hoftex Group is operating at the current time. Most of Hoftex Group's value examination focuses on studying past and present price action to predict the probability of Hoftex Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hoftex Group's price. Additionally, you may evaluate how the addition of Hoftex Group to your portfolios can decrease your overall portfolio volatility.
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