Bittium Oyj (Finland) Today

BITTI Stock  EUR 5.42  0.14  2.65%   

Performance

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Odds Of Distress

Less than 9

 
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Bittium Oyj is trading at 5.42 as of the 29th of March 2024. This is a 2.65 percent increase since the beginning of the trading day. The stock's open price was 5.28. Bittium Oyj has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Bittium Oyj are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Bittium Oyj develops communications and connectivity solutions worldwide. Bittium Oyj was founded in 1985 and is headquartered in Oulu, Finland. Bittium operates under Diversified Telecommunications classification in Finland and is traded on Helsinki Exchange. The company has 35.7 M outstanding shares. More on Bittium Oyj

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Bittium 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. Bittium Oyj's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Bittium Oyj or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanHannu Huttunen
Business ConcentrationInformation Technology, Software, Communication Equipment, Technology (View all Sectors)
Bittium Oyj (BITTI) is traded on Helsinki Exchange in Finland and employs 625 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 146.02 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bittium Oyj's market, we take the total number of its shares issued and multiply it by Bittium Oyj'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. Bittium Oyj operates under Software sector and is part of Information Technology industry. The entity has 35.7 M outstanding shares. Bittium Oyj has accumulated about 33.5 M in cash with 8 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.94.
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Ownership Allocation
Bittium Oyj holds a total of 35.7 Million outstanding shares. Bittium Oyj 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 Bittium Ownership Details

Bittium Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Bittium Oyj jumping above the current price in 90 days from now is near 1%. The Bittium Oyj probability density function shows the probability of Bittium Oyj stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Bittium Oyj has a beta of 0.5256 suggesting as returns on the market go up, Bittium Oyj average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bittium Oyj will be expected to be much smaller as well. Additionally, bittium Oyj has an alpha of 0.1047, implying that it can generate a 0.1 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 5.42HorizonTargetOdds Above 5.42
99.55%90 days
 5.42 
0.45%
Based on a normal probability distribution, the odds of Bittium Oyj to move above the current price in 90 days from now is near 1 (This Bittium Oyj probability density function shows the probability of Bittium Stock to fall within a particular range of prices over 90 days) .

Bittium Oyj Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Bittium Oyj market risk premium is the additional return an investor will receive from holding Bittium Oyj 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 Bittium Oyj. 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 Bittium Oyj's alpha and beta are two of the key measurements used to evaluate Bittium Oyj's performance over the market, the standard measures of volatility play an important role as well.

Bittium Stock Against Markets

Picking the right benchmark for Bittium Oyj 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 Bittium Oyj 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 Bittium Oyj is critical whether you are bullish or bearish towards Bittium Oyj at a given time. Please also check how Bittium Oyj'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 Bittium Oyj 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.

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Bittium Oyj Corporate Directors

Bittium Oyj corporate directors refer to members of a Bittium Oyj board of directors. The board of directors generally takes responsibility for the Bittium Oyj'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 Bittium Oyj's board members must vote for the resolution. The Bittium Oyj board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Petri ToljamoDirectorProfile
Seppo MakinenIndependent DirectorProfile
Karoliina FyrstenDirector of Investor Relations, Corporate Communications and Marketing, Member of the Management TeamProfile
Juha PutkirantaIndependent DirectorProfile

How to buy Bittium Stock?

Before investing in Bittium Oyj, 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 Bittium Oyj. To buy Bittium Oyj stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Bittium Oyj. 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 Bittium Oyj stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Bittium Oyj 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 Bittium Oyj 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 Bittium Oyj, 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 Bittium Oyj?

The danger of trading Bittium Oyj 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 Bittium Oyj 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 Bittium Oyj. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bittium Oyj 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 Bittium Oyj. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

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When running Bittium Oyj's price analysis, check to measure Bittium Oyj'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 Bittium Oyj is operating at the current time. Most of Bittium Oyj's value examination focuses on studying past and present price action to predict the probability of Bittium Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bittium Oyj's price. Additionally, you may evaluate how the addition of Bittium Oyj to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Bittium Oyj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bittium Oyj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bittium Oyj's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.