AirthingsASA (Norway) Today
| AIRX Stock | NOK 2.92 0.01 0.34% |
Performance0 of 100
| Odds Of DistressLess than 22
|
AirthingsASA is selling for 2.92 as of the 23rd of April 2024. This is a -0.34 percent down since the beginning of the trading day. The stock's lowest day price was 2.9. AirthingsASA has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for AirthingsASA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of February 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Airthings ASA, together with its subsidiaries, develops, produces, markets, and sells radon measurement, indoor air quality, and energy efficiency monitors worldwide. The company was founded in 2008 and is headquartered in Oslo, Norway. AIRTHINGS ASA is traded on Oslo Stock Exchange in Norway.. The company has 173.99 M outstanding shares. More on AirthingsASA
Moving against AirthingsASA Stock
| 0.67 | MELG | Melhus Sparebank | PairCorr |
| 0.61 | ROMER | Romerike Sparebank | PairCorr |
| 0.6 | SOGN | Sogn Sparebank | PairCorr |
| 0.6 | HSPG | Holand og Setskog | PairCorr |
| 0.6 | NISB | Nidaros Sparebank | PairCorr |
| 0.54 | AASB | Aasen Sparebank | PairCorr |
Follow Valuation Odds of Bankruptcy
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AirthingsASA 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. AirthingsASA's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding AirthingsASA or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Electrical Equipment & Parts, Industrials (View all Sectors) |
AirthingsASA (AIRX) is traded on Oslo Stock Exchange in Norway and employs 138 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 520.24 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate AirthingsASA's market, we take the total number of its shares issued and multiply it by AirthingsASA'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. AirthingsASA operates under Industrials sector and is part of Electrical Equipment & Parts industry. The entity has 173.99 M outstanding shares.
AirthingsASA has accumulated about 462.2 M in cash with (15.88 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.63.
Check AirthingsASA Probability Of Bankruptcy
Ownership AllocationAirthingsASA holds a total of 173.99 Million outstanding shares. AirthingsASA retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company secures, 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 AirthingsASA Ownership Details
AirthingsASA Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of AirthingsASA jumping above the current price in 90 days from now is about 80.69%. The AirthingsASA probability density function shows the probability of AirthingsASA stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon AirthingsASA has a beta of -0.5645. This suggests as returns on the benchmark increase, returns on holding AirthingsASA are expected to decrease at a much lower rate. During a bear market, however, AirthingsASA is likely to outperform the market. Additionally, airthingsASA 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 AirthingsASA to move above the current price in 90 days from now is about 80.69 (This AirthingsASA probability density function shows the probability of AirthingsASA Stock to fall within a particular range of prices over 90 days) .
AirthingsASA Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. AirthingsASA market risk premium is the additional return an investor will receive from holding AirthingsASA 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 AirthingsASA. 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 AirthingsASA's alpha and beta are two of the key measurements used to evaluate AirthingsASA's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.5 | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.78 | |||
| Risk Adjusted Performance | (0.05) |
AirthingsASA Stock Against Markets
Picking the right benchmark for AirthingsASA 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 AirthingsASA 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 AirthingsASA is critical whether you are bullish or bearish towards AirthingsASA at a given time. Please also check how AirthingsASA'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 AirthingsASA 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 |
AirthingsASA Corporate Management
Elected by the shareholders, the AirthingsASA's board of directors comprises two types of representatives: AirthingsASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AirthingsASA. The board's role is to monitor AirthingsASA's management team and ensure that shareholders' interests are well served. AirthingsASA'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, AirthingsASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anlaug Underdal | Staff Member | Profile | |
| Tore Rismyhr | Sales Member | Profile | |
| Oyvind Birkenes | Chief Officer | Profile | |
| Jeremy Gerst | Chief Officer | Profile | |
| Erlend Bolle | Chief Officer | Profile | |
| Torje Carlsson | VP Consumer | Profile | |
| Anita Overbekk | Director HR | Profile |
How to buy AirthingsASA Stock?
Before investing in AirthingsASA, 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 AirthingsASA. To buy AirthingsASA stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of AirthingsASA. 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 AirthingsASA stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located AirthingsASA 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 AirthingsASA 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 AirthingsASA, 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 AirthingsASA?
The danger of trading AirthingsASA 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 AirthingsASA 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 AirthingsASA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AirthingsASA 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AirthingsASA. 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 Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for AirthingsASA Stock analysis
When running AirthingsASA's price analysis, check to measure AirthingsASA'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 AirthingsASA is operating at the current time. Most of AirthingsASA's value examination focuses on studying past and present price action to predict the probability of AirthingsASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AirthingsASA's price. Additionally, you may evaluate how the addition of AirthingsASA to your portfolios can decrease your overall portfolio volatility.
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