Polight ASA (Norway) Today
| PLT Stock | 2.64 0.17 6.05% |
Performance0 of 100
| Odds Of DistressOver 68
|
Polight ASA is selling for 2.64 as of the 24th of April 2024. This is a -6.05 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.59. Polight ASA has more than 68 % 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 Polight ASA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Moving together with Polight Stock
| 0.61 | ELIMP | Elektroimportoren | PairCorr |
| 0.84 | MEDI | Medistim ASA Earnings Call Tomorrow | PairCorr |
Moving against Polight Stock
| 0.9 | BAKKA | Pf Bakkafrost | PairCorr |
| 0.86 | TOM | Tomra Systems ASA Earnings Call This Week | PairCorr |
| 0.8 | ELO | Elopak AS | PairCorr |
| 0.7 | TGS | TGS NOPEC Geophysical | PairCorr |
| 0.63 | STB | Storebrand ASA | PairCorr |
| 0.53 | SCHB | Schibsted ASA B | PairCorr |
| 0.43 | SCHA | Schibsted ASA A Earnings Call This Week | PairCorr |
Follow Valuation Odds of Bankruptcy
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Polight 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. Polight ASA's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Polight ASA or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Electronic Components, Technology (View all Sectors) |
Polight ASA (PLT) is traded on Oslo Stock Exchange in Norway and employs 21 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.28 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Polight ASA's market, we take the total number of its shares issued and multiply it by Polight 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. Polight ASA operates under Technology sector and is part of Electronic Components industry. The entity has 51.93 M outstanding shares.
Polight ASA has accumulated about 1 K in cash with (49.55 M) of positive cash flow from operations.
Check Polight ASA Probability Of Bankruptcy
Ownership AllocationPolight ASA has a total of 51.93 Million outstanding shares. 30% of Polight ASA outstanding shares are owned by third-party entities. 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. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Polight Ownership Details
Polight Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Polight ASA jumping above the current price in 90 days from now is about 86.72%. The Polight ASA probability density function shows the probability of Polight ASA stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Polight ASA has a beta of -0.7957 indicating as returns on the benchmark increase, returns on holding Polight ASA are expected to decrease at a much lower rate. During a bear market, however, Polight ASA is likely to outperform the market. Additionally, polight 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 Polight ASA to move above the current price in 90 days from now is about 86.72 (This Polight ASA probability density function shows the probability of Polight Stock to fall within a particular range of prices over 90 days) .
Polight ASA Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Polight ASA market risk premium is the additional return an investor will receive from holding Polight 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 Polight 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 Polight ASA's alpha and beta are two of the key measurements used to evaluate Polight ASA's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 5.84 | |||
| Standard Deviation | 9.83 | |||
| Variance | 96.71 | |||
| Risk Adjusted Performance | (0.15) |
Polight Stock Against Markets
Picking the right benchmark for Polight 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 Polight 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 Polight ASA is critical whether you are bullish or bearish towards Polight ASA at a given time. Please also check how Polight 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 Polight 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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| All Next | Launch Module |
Polight ASA Corporate Management
Elected by the shareholders, the Polight ASA's board of directors comprises two types of representatives: Polight ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Polight. The board's role is to monitor Polight ASA's management team and ensure that shareholders' interests are well served. Polight 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, Polight ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| yvind Isaksen | Chief Officer | Profile | |
| Marianne Sandal | Chief Officer | Profile | |
| Jon Ulvensen | VP Technology | Profile | |
| Pierre Craen | Chief Officer | Profile | |
| Alf Bekkevik | Chief Officer | Profile |
How to buy Polight Stock?
Before investing in Polight 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 Polight ASA. To buy Polight ASA stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Polight 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 Polight ASA stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Polight 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 Polight 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 Polight 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 Polight ASA?
The danger of trading Polight 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 Polight 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 Polight ASA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Polight 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Polight 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Polight Stock analysis
When running Polight ASA's price analysis, check to measure Polight 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 Polight ASA is operating at the current time. Most of Polight ASA's value examination focuses on studying past and present price action to predict the probability of Polight 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 Polight ASA's price. Additionally, you may evaluate how the addition of Polight ASA to your portfolios can decrease your overall portfolio volatility.
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