Nitro Games Oyj Reports Second Quarter 2024 Earnings - Simply Wall St
| NITRO Stock | SEK 2.66 0.10 3.91% |
Slightly above 55% of Nitro Games' private investors are presently thinking to get in. The analysis of current outlook of investing in Nitro Games Oyj suggests that some traders are interested regarding Nitro Games' prospects. Nitro Games' investing sentiment can be driven by a variety of factors including economic data, Nitro Games' earnings reports, geopolitical events, and overall market trends.
Nitro Games stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Nitro daily returns and investor perception about the current price of Nitro Games Oyj as well as its diversification or hedging effects on your existing portfolios.
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Nitro Games Oyj Reports Second Quarter 2024 Earnings Simply Wall St
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Nitro Games Fundamental Analysis
We analyze Nitro Games' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nitro Games using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nitro Games based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
Nitro Games is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Nitro Games Oyj Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nitro Games stock to make a market-neutral strategy. Peer analysis of Nitro Games could also be used in its relative valuation, which is a method of valuing Nitro Games by comparing valuation metrics with similar companies.
Peers
Nitro Games Related Equities
| IAR-B | IAR Systems | 7.81 | ||||
| MILDEF | MilDef Group | 2.61 | ||||
| ALBERT | EEducation Albert | 1.13 | ||||
| KABE-B | KABE Group | 0.34 | ||||
| FRACTL | Fractal Gaming | 0.32 | ||||
| AOI | Africa Oil | 0.20 | ||||
| SHB-A | Svenska Handelsbanken | 0.26 | ||||
| NP3 | NP3 Fastigheter | 1.72 | ||||
| AROC | AroCell AB | 6.98 |
Additional Tools for Nitro Stock Analysis
When running Nitro Games' price analysis, check to measure Nitro Games' 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 Nitro Games is operating at the current time. Most of Nitro Games' value examination focuses on studying past and present price action to predict the probability of Nitro Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nitro Games' price. Additionally, you may evaluate how the addition of Nitro Games to your portfolios can decrease your overall portfolio volatility.