Elkem ASA (Norway) Analysis
| ELK Stock | NOK 18.24 0.16 0.88% |
Elkem ASA is fairly valued with Real Value of 18.66 and Hype Value of 18.24. The main objective of Elkem ASA stock analysis is to determine its intrinsic value, which is an estimate of what Elkem ASA is worth, separate from its market price. There are two main types of Elkem ASA's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Elkem ASA's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Elkem ASA's stock to identify patterns and trends that may indicate its future price movements.
The Elkem ASA stock is traded in Norway on Oslo Stock Exchange, with the market opening at 09:00:00 and closing at 16:20:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Norway.
Elkem |
Elkem Stock Analysis Notes
About 55.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.77. Some equities with similar Price to Book (P/B) outperform the market in the long run. Elkem ASA recorded earning per share (EPS) of 16.77. The entity last dividend was issued on the 2nd of May 2023. Elkem ASA manufactures and sells metals and materials in Norway and internationally. Elkem ASA is a subsidiary of Bluestar Elkem International Co., Ltd. ELKEM ASA operates under Specialty Chemicals classification in Norway and is traded on Oslo Stock Exchange. It employs 6280 people. To learn more about Elkem ASA call the company at (47) 22 45 01 55 or check out www.elkem.com.Elkem ASA Investment Alerts
| Elkem ASA generated a negative expected return over the last 90 days | |
| Elkem ASA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 55.0% of the company shares are held by company insiders |
Elkem Market Capitalization
The company currently falls under 'Large-Cap' category with a current market capitalization of 24.28 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Elkem ASA's market, we take the total number of its shares issued and multiply it by Elkem 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.Elkem Profitablity
Elkem ASA's profitability indicators refer to fundamental financial ratios that showcase Elkem ASA's ability to generate income relative to its revenue or operating costs. If, let's say, Elkem ASA is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Elkem ASA's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Elkem ASA's profitability requires more research than a typical breakdown of Elkem ASA's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.21 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.26 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.26. Technical Drivers
As of the 28th of November, Elkem ASA shows the Standard Deviation of 2.22, variance of 4.95, and Mean Deviation of 1.67. Elkem ASA technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Elkem ASA standard deviation, treynor ratio, as well as the relationship between the Treynor Ratio and potential upside to decide if Elkem ASA is priced favorably, providing market reflects its regular price of 18.24 per share.Elkem ASA Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Elkem ASA middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Elkem ASA. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Elkem ASA Outstanding Bonds
Elkem ASA issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Elkem ASA uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Elkem bonds can be classified according to their maturity, which is the date when Elkem ASA has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Elkem ASA Predictive Daily Indicators
Elkem ASA intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Elkem ASA stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Elkem ASA Forecast Models
Elkem ASA's time-series forecasting models are one of many Elkem ASA's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Elkem ASA's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Elkem Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Elkem ASA prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Elkem shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Elkem ASA. By using and applying Elkem Stock analysis, traders can create a robust methodology for identifying Elkem entry and exit points for their positions.
Elkem ASA manufactures and sells metals and materials in Norway and internationally. Elkem ASA is a subsidiary of Bluestar Elkem International Co., Ltd. ELKEM ASA operates under Specialty Chemicals classification in Norway and is traded on Oslo Stock Exchange. It employs 6280 people.
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Other Information on Investing in Elkem Stock
Elkem ASA financial ratios help investors to determine whether Elkem Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Elkem with respect to the benefits of owning Elkem ASA security.