Nel ASA Third quarter 2023 financial results -October 25, 2023 at ... - Marketscreener.com
| NEL Stock | NOK 3.22 0.02 0.63% |
About 62% of Nel ASA's investor base is looking to short. The analysis of current outlook of investing in Nel ASA suggests that many traders are alarmed regarding Nel ASA's prospects. Nel ASA's investing sentiment shows overall attitude of investors towards Nel ASA.
Nel ASA stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Nel daily returns and investor perception about the current price of Nel ASA as well as its diversification or hedging effects on your existing portfolios.
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Nel ASA Third quarter 2023 financial results -October 25, 2023 at ... Marketscreener.com
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Nel ASA Fundamental Analysis
We analyze Nel ASA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nel ASA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nel ASA based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Book Value Per Share
Book Value Per Share Comparative Analysis
Nel ASA is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Nel ASA Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nel ASA stock to make a market-neutral strategy. Peer analysis of Nel ASA could also be used in its relative valuation, which is a method of valuing Nel ASA by comparing valuation metrics with similar companies.
Peers
Nel ASA Related Equities
| AFK | Arendals Fossekompani | 4.34 | ||||
| EIOF | Eidesvik Offshore | 0.60 | ||||
| KIT | Kitron ASA | 0.38 | ||||
| HAVI | Havila Shipping | 0.88 |
Other Information on Investing in Nel Stock
Nel ASA financial ratios help investors to determine whether Nel 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 Nel with respect to the benefits of owning Nel ASA security.