Nel ASA (Norway) Today
| NEL Stock | NOK 4.65 0.49 9.53% |
Performance0 of 100
| Odds Of DistressLess than 46
|
Nel ASA is selling for 4.65 as of the 18th of April 2024. This is a -9.53 percent decrease since the beginning of the trading day. The stock's lowest day price was 4.61. Nel ASA has 46 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Nel ASA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Nel ASA, a hydrogen company, delivers various solutions to produce, store, and distribute hydrogen from renewable energy worldwide. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway. NEL ASA operates under Healthcare Services classification in Norway and is traded on Oslo Stock Exchange. The company has 1.56 B outstanding shares. More on Nel ASA
Moving together with Nel Stock
| 0.63 | EQNR | Equinor ASA Earnings Call This Week | PairCorr |
| 0.61 | TEL | Telenor ASA | PairCorr |
Moving against Nel Stock
| 0.64 | MOWI | Mowi ASA | PairCorr |
Follow Valuation Odds of Bankruptcy
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Nel 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. Nel ASA's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nel ASA or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Jon Lokke |
| Business Concentration | Industrials, Construction & Engineering, Diversified Industrials, Industrials (View all Sectors) |
Nel ASA (NEL) is traded on Oslo Stock Exchange in Norway and employs 576 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 27.39 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nel ASA's market, we take the total number of its shares issued and multiply it by Nel ASA'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. Nel ASA operates under Construction & Engineering sector and is part of Industrials industry. The entity has 1.56 B outstanding shares.
Nel ASA has accumulated about 2.71 B in cash with (449.46 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.62.
Check Nel ASA Probability Of Bankruptcy
Ownership AllocationNel ASA maintains a total of 1.56 Billion outstanding shares. 30% of Nel ASA outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Nel Ownership Details
Nel Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Nel ASA jumping above the current price in 90 days from now is about 84.13%. The Nel ASA probability density function shows the probability of Nel ASA stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Nel ASA has a beta of -0.0731. This indicates as returns on the benchmark increase, returns on holding Nel ASA are expected to decrease at a much lower rate. During a bear market, however, Nel ASA is likely to outperform the market. Additionally, nel ASA has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Nel ASA to move above the current price in 90 days from now is about 84.13 (This Nel ASA probability density function shows the probability of Nel Stock to fall within a particular range of prices over 90 days) .
Nel ASA Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nel ASA market risk premium is the additional return an investor will receive from holding Nel ASA 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 Nel ASA. 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 Nel ASA's alpha and beta are two of the key measurements used to evaluate Nel ASA's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.99 | |||
| Standard Deviation | 4.32 | |||
| Variance | 18.64 | |||
| Risk Adjusted Performance | (0.03) |
Nel Stock Against Markets
Picking the right benchmark for Nel ASA 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 Nel ASA 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 Nel ASA is critical whether you are bullish or bearish towards Nel ASA at a given time. Please also check how Nel ASA'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 Nel ASA 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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Nel ASA Corporate Directors
Nel ASA corporate directors refer to members of a Nel ASA board of directors. The board of directors generally takes responsibility for the Nel ASA's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Nel ASA's board members must vote for the resolution. The Nel ASA board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Kristin Hellebust | Director | Profile | |
| Beatriz Molina | Director | Profile | |
| Mikael Sloth | Director | Profile | |
| Ole Enger | Director | Profile |
How to buy Nel Stock?
Before investing in Nel ASA, 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 Nel ASA. To buy Nel ASA stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nel ASA. 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 Nel ASA stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nel ASA 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 Nel ASA 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 Nel ASA, 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 Nel ASA?
The danger of trading Nel ASA 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 Nel ASA 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 Nel ASA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nel ASA 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 Nel ASA. 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Nel Stock analysis
When running Nel ASA's price analysis, check to measure Nel ASA'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 Nel ASA is operating at the current time. Most of Nel ASA's value examination focuses on studying past and present price action to predict the probability of Nel ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nel ASA's price. Additionally, you may evaluate how the addition of Nel ASA to your portfolios can decrease your overall portfolio volatility.
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