Nokian Renkaat (Germany) Today

NRE Stock  EUR 7.16  0.04  0.56%   

Performance

0 of 100

 
Weak
 
Strong
Very Weak

Odds Of Distress

Less than 33

 
High
 
Low
Below Average
Nokian Renkaat is trading at 7.16 as of the 23rd of December 2024. This is a 0.56 percent decrease since the beginning of the trading day. The stock's lowest day price was 7.16. Nokian Renkaat has about a 33 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 23rd of November 2024 and ending today, the 23rd of December 2024. Click here to learn more.
Nokian Renkaat Oyj develops and manufactures tires in Finland, Sweden, Norway, Russia, the rest of Europe, North America, and internationally. The company was founded in 1898 and is headquartered in Nokia, Finland. NOKIAN RENKAAT operates under Rubber Plastics classification in Germany and is traded on Frankfurt Stock Exchange. The company has 138.25 M outstanding shares. More on Nokian Renkaat Oyj

Moving together with Nokian Stock

  0.77BGT BridgestonePairCorr
  0.786DA Advanced Drainage SystemsPairCorr

Moving against Nokian Stock

  0.855EE MEBUKI FINANCIALPairCorr
  0.8GTR Goodyear TirePairCorr
  0.734FK Fukuoka FinancialPairCorr
  0.71108 Sumitomo Rubber InduPairCorr
  0.69PKW Polyplex (Thailand)PairCorr
  0.68NZE ZeonPairCorr
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

Nokian 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. Nokian Renkaat's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nokian Renkaat or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Business ConcentrationRubber & Plastics, Consumer Cyclical (View all Sectors)
Nokian Renkaat Oyj (NRE) is traded on Frankfurt Exchange in Germany and employs 4,542 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.18 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nokian Renkaat's market, we take the total number of its shares issued and multiply it by Nokian Renkaat'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. Nokian Renkaat Oyj classifies itself under Consumer Cyclical sector and is part of Rubber & Plastics industry. The entity has 138.25 M outstanding shares. Nokian Renkaat Oyj has accumulated about 109.3 M in cash with 396.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.79.
Check Nokian Renkaat Probability Of Bankruptcy
Ownership Allocation
Nokian Renkaat Oyj maintains a total of 138.25 Million outstanding shares. 30% of Nokian Renkaat 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 Nokian Ownership Details

Nokian Renkaat Oyj Risk Profiles

Although Nokian Renkaat's alpha and beta are two of the key measurements used to evaluate Nokian Renkaat's performance over the market, the standard measures of volatility play an important role as well.

Nokian Stock Against Markets

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nokian Renkaat 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 Commodity Channel Now

   

Commodity Channel

Use Commodity Channel Index to analyze current equity momentum
All  Next Launch Module

Nokian Renkaat Corporate Management

Elected by the shareholders, the Nokian Renkaat's board of directors comprises two types of representatives: Nokian Renkaat inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nokian. The board's role is to monitor Nokian Renkaat's management team and ensure that shareholders' interests are well served. Nokian Renkaat'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, Nokian Renkaat's outside directors are responsible for providing unbiased perspectives on the board's policies.

Other Information on Investing in Nokian Stock

Nokian Renkaat financial ratios help investors to determine whether Nokian 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 Nokian with respect to the benefits of owning Nokian Renkaat security.