Nekkar Asa (Norway) Today

NKR Stock  NOK 10.00  0.02  0.20%   

Performance

5 of 100

 
Low
 
High
Modest

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Nekkar Asa is selling for 10.00 as of the 28th of March 2024. This is a -0.2 percent down since the beginning of the trading day. The stock's lowest day price was 9.92. Nekkar Asa has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Nekkar Asa are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Nekkar ASA operates in shipyard, aquaculture, renewables, and digital solutions. Nekkar ASA founded in 1966 and is headquartered in Kristiansand, Norway. NEKKAR ASA is traded on Oslo Stock Exchange in Norway. The company has 106.77 M outstanding shares. More on Nekkar Asa

Moving against Nekkar Stock

  0.72AKRBP Aker BP ASAPairCorr
  0.7NHY Norsk Hydro ASAPairCorr
  0.69EQNR Equinor ASAPairCorr
  0.59KYOTO Kyoto Group AS Earnings Call This WeekPairCorr
  0.5TECO Teco 2030AsaPairCorr
  0.48YAR Yara International ASAPairCorr
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

Nekkar 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. Nekkar Asa's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nekkar Asa or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOToril Eidesvik
Business ConcentrationSpecialty Industrial Machinery, Industrials (View all Sectors)
Nekkar Asa (NKR) is traded on Oslo Stock Exchange in Norway and employs 71 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 731.4 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nekkar Asa's market, we take the total number of its shares issued and multiply it by Nekkar 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. Nekkar Asa operates under Industrials sector and is part of Specialty Industrial Machinery industry. The entity has 106.77 M outstanding shares. Nekkar Asa has accumulated about 174.5 M in cash with (54.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.46.
Check Nekkar Asa Probability Of Bankruptcy
Ownership Allocation
Nekkar Asa holds a total of 106.77 Million outstanding shares. Nekkar Asa holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Nekkar Ownership Details

Nekkar Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Nekkar Asa jumping above the current price in 90 days from now is about 49.07%. The Nekkar Asa probability density function shows the probability of Nekkar Asa stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Nekkar Asa has a beta of 0.4671. This indicates as returns on the market go up, Nekkar Asa average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nekkar Asa will be expected to be much smaller as well. Additionally, nekkar Asa has an alpha of 0.149, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 10.0HorizonTargetOdds Above 10.0
50.65%90 days
 10.00 
49.07%
Based on a normal probability distribution, the odds of Nekkar Asa to move above the current price in 90 days from now is about 49.07 (This Nekkar Asa probability density function shows the probability of Nekkar Stock to fall within a particular range of prices over 90 days) .

Nekkar Asa Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nekkar Asa market risk premium is the additional return an investor will receive from holding Nekkar 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 Nekkar 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 Nekkar Asa's alpha and beta are two of the key measurements used to evaluate Nekkar Asa's performance over the market, the standard measures of volatility play an important role as well.

Nekkar Stock Against Markets

Picking the right benchmark for Nekkar 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 Nekkar 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 Nekkar Asa is critical whether you are bullish or bearish towards Nekkar Asa at a given time. Please also check how Nekkar 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 Nekkar 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?

Run Bonds Directory Now

   

Bonds Directory

Find actively traded corporate debentures issued by US companies
All  Next Launch Module

Nekkar Asa Corporate Management

Elected by the shareholders, the Nekkar Asa's board of directors comprises two types of representatives: Nekkar Asa inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nekkar. The board's role is to monitor Nekkar Asa's management team and ensure that shareholders' interests are well served. Nekkar Asa'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, Nekkar Asa's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mette HarvEx EnergyProfile
Olli MakinenGeneral Manager Shipyard SolutionsProfile
Bjrn AnderssonExec ImprovementProfile
Tor RamfjordExecutive Vice President RoRo, Cruise, NavyProfile
Lin ErvikCo HRHSEProfile
Ole HansenChief OfficerProfile

How to buy Nekkar Stock?

Before investing in Nekkar 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 Nekkar Asa. To buy Nekkar Asa stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nekkar 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 Nekkar Asa stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Nekkar 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 Nekkar 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 Nekkar 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 Nekkar Asa?

The danger of trading Nekkar 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 Nekkar 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 Nekkar Asa. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nekkar 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 Nekkar 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Complementary Tools for Nekkar Stock analysis

When running Nekkar Asa's price analysis, check to measure Nekkar 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 Nekkar Asa is operating at the current time. Most of Nekkar Asa's value examination focuses on studying past and present price action to predict the probability of Nekkar 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 Nekkar Asa's price. Additionally, you may evaluate how the addition of Nekkar Asa to your portfolios can decrease your overall portfolio volatility.
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Global Correlations
Find global opportunities by holding instruments from different markets
Please note, there is a significant difference between Nekkar Asa's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nekkar Asa is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nekkar Asa'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.