Goodtech (Norway) Today
GOD Stock | NOK 12.45 0.30 2.47% |
Performance10 of 100
| Odds Of DistressLess than 10
|
Goodtech is selling for 12.45 as of the 28th of March 2024. This is a 2.47% increase since the beginning of the trading day. The stock's lowest day price was 12.25. Goodtech has less than a 10 % chance of experiencing some financial distress in the next two years of operation and had a ok performance during the last 90 days. Equity ratings for Goodtech 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.
It designs and supplies turnkey systems to convert and modernize existing systems, such as operator, process safety, industrial IT, and control systems and provides service and support in infrastructure, logistics, and gas and oil sectors, as well as for production, power, and heating distribution systems. The company has 26.48 M outstanding shares. More on Goodtech
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Follow Valuation Odds of Bankruptcy
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Goodtech 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. Goodtech's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Goodtech or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Acting CEO | Arve Teie |
Thematic Idea | IT (View all Themes) |
Business Concentration | IT, Industrials, Machinery, Engineering & Construction, Industrials (View all Sectors) |
Goodtech (GOD) is traded on Oslo Stock Exchange in Norway and employs 316 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 216.83 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Goodtech's market, we take the total number of its shares issued and multiply it by Goodtech'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. Goodtech operates under Machinery sector and is part of Industrials industry. The entity has 26.48 M outstanding shares.
Goodtech has accumulated about 88.72 M in cash with 1.96 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.26.
Check Goodtech Probability Of Bankruptcy
Ownership AllocationGoodtech secures a total of 26.48 Million outstanding shares. Goodtech retains majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 61.14 (percent) of Goodtech outstanding shares that are owned by insiders attests that they have been buying or selling the stock in recent months in anticipation of some upcoming event. 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 Goodtech Ownership Details
Goodtech Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Goodtech jumping above the current price in 90 days from now is about 6.32%. The Goodtech probability density function shows the probability of Goodtech stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Goodtech has a beta of 0.1086. This usually indicates as returns on the market go up, Goodtech average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Goodtech will be expected to be much smaller as well. Additionally, goodtech has an alpha of 0.3654, implying that it can generate a 0.37 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Goodtech to move above the current price in 90 days from now is about 6.32 (This Goodtech probability density function shows the probability of Goodtech Stock to fall within a particular range of prices over 90 days) .
Goodtech Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Goodtech market risk premium is the additional return an investor will receive from holding Goodtech 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 Goodtech. 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 Goodtech's alpha and beta are two of the key measurements used to evaluate Goodtech's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 1.7 | |||
Semi Deviation | 1.22 | |||
Standard Deviation | 2.87 | |||
Variance | 8.25 |
Goodtech Stock Against Markets
Picking the right benchmark for Goodtech 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 Goodtech 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 Goodtech is critical whether you are bullish or bearish towards Goodtech at a given time. Please also check how Goodtech'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 Goodtech 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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Goodtech Corporate Directors
Goodtech corporate directors refer to members of a Goodtech board of directors. The board of directors generally takes responsibility for the Goodtech's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Goodtech's board members must vote for the resolution. The Goodtech board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Thomas Bordvik | Director, Employee Representative | Profile | |
Rolf Johansson | Director, Employee Representative | Profile | |
Mimi Berdal | Director | Profile | |
Havard Kristiansen | Director, Employee Representative | Profile |
How to buy Goodtech Stock?
Before investing in Goodtech, 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 Goodtech. To buy Goodtech stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Goodtech. 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 Goodtech stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Goodtech 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 Goodtech 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 Goodtech, 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 Goodtech?
The danger of trading Goodtech 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 Goodtech 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 Goodtech. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Goodtech 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodtech. 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. Note that the Goodtech information on this page should be used as a complementary analysis to other Goodtech's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Goodtech Stock analysis
When running Goodtech's price analysis, check to measure Goodtech'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 Goodtech is operating at the current time. Most of Goodtech's value examination focuses on studying past and present price action to predict the probability of Goodtech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodtech's price. Additionally, you may evaluate how the addition of Goodtech to your portfolios can decrease your overall portfolio volatility.
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