Techstep ASA (Norway) Today

TECH Stock  NOK 10.05  0.05  0.50%   

Performance

6 of 100

 
Low
 
High
Modest

Odds Of Distress

Over 51

 
100  
 
Zero
Average
Techstep ASA is selling for 10.05 as of the 28th of March 2024. This is a 0.50 percent up since the beginning of the trading day. The stock's lowest day price was 9.98. Techstep ASA has 51 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Techstep ASA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of April 2023 and ending today, the 28th of March 2024. Click here to learn more.
Techstep ASA provides digital workplace services in Norway and Sweden. The company also provides industry-leading cloud-based PBX solutions and enterprise mobility management services, including mobile security, system design, implementation, and mobile device management services. The company has 305.13 M outstanding shares. More on Techstep ASA

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Techstep 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. Techstep ASA's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Techstep ASA or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic IdeaIT (View all Themes)
Business ConcentrationIT, Software - Application, Technology (View all Sectors)
Techstep ASA (TECH) is traded on Oslo Stock Exchange in Norway and employs 329 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 314.28 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Techstep ASA's market, we take the total number of its shares issued and multiply it by Techstep ASA'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. Techstep ASA operates under Technology sector and is part of Software - Application industry. The entity has 305.13 M outstanding shares. Techstep ASA has accumulated about 50.35 M in cash with 128.93 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.31.
Check Techstep ASA Probability Of Bankruptcy
Ownership Allocation
Techstep ASA maintains a total of 305.13 Million outstanding shares. Techstep ASA maintains 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. 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 Techstep Ownership Details

Techstep Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Techstep ASA jumping above the current price in 90 days from now is near 1%. The Techstep ASA probability density function shows the probability of Techstep ASA stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Techstep ASA has a beta of 0.5309. This usually implies as returns on the market go up, Techstep ASA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Techstep ASA will be expected to be much smaller as well. Additionally, techstep ASA has an alpha of 0.1509, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 10.05HorizonTargetOdds Above 10.05
99.91%90 days
 10.05 
0.08%
Based on a normal probability distribution, the odds of Techstep ASA to move above the current price in 90 days from now is near 1 (This Techstep ASA probability density function shows the probability of Techstep Stock to fall within a particular range of prices over 90 days) .

Techstep ASA Risk Profiles

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

Techstep Stock Against Markets

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

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

How to buy Techstep Stock?

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

The danger of trading Techstep ASA 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 Techstep ASA 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 Techstep ASA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Techstep ASA 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Techstep ASA. 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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