Techstep ASA (Norway) Analysis
| TECH Stock | NOK 12.90 0.15 1.15% |
Techstep ASA has over 97.36 Million in debt which may indicate that it relies heavily on debt financing. Techstep ASA's financial risk is the risk to Techstep ASA stockholders that is caused by an increase in debt.
Asset vs Debt
Equity vs Debt
Techstep ASA's liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. Techstep ASA's cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Company is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps Techstep Stock's retail investors understand whether an upcoming fall or rise in the market will negatively affect Techstep ASA's stakeholders.
For most companies, including Techstep ASA, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for Techstep ASA, the most critical issue when managing liquidity is ensuring that current assets are properly aligned with current liabilities. If they are not, Techstep ASA's management will need to obtain alternative financing to ensure there are always enough cash equivalents on the balance sheet to meet obligations.
Given that Techstep ASA's debt-to-equity ratio measures a Company's obligations relative to the value of its net assets, it is usually used by traders to estimate the extent to which Techstep ASA is acquiring new debt as a mechanism of leveraging its assets. A high debt-to-equity ratio is generally associated with increased risk, implying that it has been aggressive in financing its growth with debt. Another way to look at debt-to-equity ratios is to compare the overall debt load of Techstep ASA to its assets or equity, showing how much of the company assets belong to shareholders vs. creditors. If shareholders own more assets, Techstep ASA is said to be less leveraged. If creditors hold a majority of Techstep ASA's assets, the Company is said to be highly leveraged.
Techstep ASA is overvalued with Real Value of 10.67 and Hype Value of 12.9. The main objective of Techstep ASA stock analysis is to determine its intrinsic value, which is an estimate of what Techstep ASA is worth, separate from its market price. There are two main types of Techstep ASA's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Techstep ASA's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Techstep ASA's stock to identify patterns and trends that may indicate its future price movements.
The Techstep ASA stock is traded in Norway on Oslo Stock Exchange, with the market opening at 09:00:00 and closing at 16:20:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Norway.
Techstep |
Techstep Stock Analysis Notes
About 40.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.69. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Techstep ASA recorded a loss per share of 0.34. The entity had not issued any dividends in recent years. The firm had 10:1 split on the 30th of May 2023. 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. TECHSTEP ASA operates under Internet And Networking Services classification in Norway and is traded on Oslo Stock Exchange. It employs 223 people. To find out more about Techstep ASA contact the company at 47 91 52 33 37 or learn more at https://www.techstep.io.Techstep ASA Investment Alerts
| Techstep ASA has high likelihood to experience some financial distress in the next 2 years | |
| Techstep ASA has accumulated 97.36 M in total debt with debt to equity ratio (D/E) of 13.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Techstep ASA has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Techstep ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Techstep ASA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Techstep ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Techstep to invest in growth at high rates of return. When we think about Techstep ASA's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 1.31 B. Net Loss for the year was (103.05 M) with profit before overhead, payroll, taxes, and interest of 459.79 M. | |
| About 40.0% of Techstep ASA outstanding shares are owned by corporate insiders |
Techstep ASA Thematic Classifications
In addition to having Techstep ASA stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
 | ITInformation technology and IT services |
Techstep Market Capitalization
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 Profitablity
Techstep ASA's profitability indicators refer to fundamental financial ratios that showcase Techstep ASA's ability to generate income relative to its revenue or operating costs. If, let's say, Techstep ASA is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Techstep ASA's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Techstep ASA's profitability requires more research than a typical breakdown of Techstep ASA's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (0.05) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.03) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.03. Technical Drivers
As of the 7th of January, Techstep ASA has the Risk Adjusted Performance of 0.0244, semi deviation of 2.01, and Coefficient Of Variation of 4122.72. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Techstep ASA, as well as the relationship between them. Please validate Techstep ASA downside deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Techstep ASA is priced more or less accurately, providing market reflects its prevalent price of 12.9 per share.Techstep ASA Price Movement Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Parabolic SAR indicator is used to determine the direction of Techstep ASA's momentum and the point in time when Techstep ASA has higher than normal probability directional change.
Techstep ASA Outstanding Bonds
Techstep ASA issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Techstep ASA uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Techstep bonds can be classified according to their maturity, which is the date when Techstep ASA has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Techstep ASA Predictive Daily Indicators
Techstep ASA intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Techstep ASA stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 117.74 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 12.83 | |||
| Day Typical Price | 12.85 | |||
| Period Momentum Indicator | (0.15) |
Techstep ASA Forecast Models
Techstep ASA's time-series forecasting models are one of many Techstep ASA's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Techstep ASA's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.Techstep ASA Debt to Cash Allocation
Many companies such as Techstep ASA, eventually find out that there is only so much market out there to be conquered, and adding the next product or service is only half as profitable per unit as their current endeavors. Eventually, the company will reach a point where cash flows are strong, and extra cash is available but not fully utilized. In this case, the company may start buying back its stock from the public or issue more dividends.
Techstep ASA has accumulated 97.36 M in total debt with debt to equity ratio (D/E) of 13.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Techstep ASA has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Techstep ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Techstep ASA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Techstep ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Techstep to invest in growth at high rates of return. When we think about Techstep ASA's use of debt, we should always consider it together with cash and equity.Techstep ASA Assets Financed by Debt
Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the Techstep ASA's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of Techstep ASA, which in turn will lower the firm's financial flexibility.Techstep ASA Corporate Bonds Issued
About Techstep Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Techstep ASA prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Techstep shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Techstep ASA. By using and applying Techstep Stock analysis, traders can create a robust methodology for identifying Techstep entry and exit points for their positions.
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. TECHSTEP ASA operates under Internet And Networking Services classification in Norway and is traded on Oslo Stock Exchange. It employs 223 people.
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Other Information on Investing in Techstep Stock
Techstep ASA financial ratios help investors to determine whether Techstep 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 Techstep with respect to the benefits of owning Techstep ASA security.