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Airthings ASA
Buy, Hold or Sell?

Let's analyse Airthings together

PenkeI guess you are interested in Airthings ASA. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Airthings ASA. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Airthings (30 sec.)










What can you expect buying and holding a share of Airthings? (30 sec.)

How much money do you get?

How much money do you get?
kr0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
kr2.48
Expected worth in 1 year
kr2.15
How sure are you?
33.3%

+ What do you gain per year?

Total Gains per Share
kr-0.34
Return On Investment
-12.2%

For what price can you sell your share?

Current Price per Share
kr2.77
Expected price per share
kr2.6 - kr3.4
How sure are you?
50%

1. Valuation of Airthings (5 min.)




Live pricePrice per Share (EOD)

kr2.77

Intrinsic Value Per Share

kr39.25 - kr48.36

Total Value Per Share

kr41.73 - kr50.84

2. Growth of Airthings (5 min.)




Is Airthings growing?

Current yearPrevious yearGrowGrow %
How rich?$46.5m$51.5m-$2.5m-5.3%

How much money is Airthings making?

Current yearPrevious yearGrowGrow %
Making money-$1.2m-$2.3m$1.1m91.2%
Net Profit Margin-14.3%-30.1%--

How much money comes from the company's main activities?

3. Financial Health of Airthings (5 min.)




4. Comparing to competitors in the Electrical Equipment & Parts industry (5 min.)




  Industry Rankings (Electrical Equipment & Parts)  


Richest
#336 / 460

Most Revenue
#377 / 460

Most Profit
#364 / 460

Most Efficient
#377 / 460

What can you expect buying and holding a share of Airthings? (5 min.)

Welcome investor! Airthings's management wants to use your money to grow the business. In return you get a share of Airthings.

What can you expect buying and holding a share of Airthings?

First you should know what it really means to hold a share of Airthings. And how you can make/lose money.

Speculation

The Price per Share of Airthings is kr2.77. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Airthings.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Airthings, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is kr2.48. Based on the TTM, the Book Value Change Per Share is kr-0.08 per quarter. Based on the YOY, the Book Value Change Per Share is kr-0.17 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is kr0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Airthings.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 kr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Share
Usd Eps0.00-0.1%-0.01-0.2%-0.01-0.4%-0.03-1.0%-0.02-0.7%
Usd Book Value Change Per Share-0.02-0.7%-0.01-0.3%-0.02-0.6%0.010.4%0.010.3%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.02-0.7%-0.01-0.3%-0.02-0.6%0.010.4%0.010.3%
Usd Price Per Share0.28-0.26-0.35-0.44-0.31-
Price to Earnings Ratio-17.04--15.67-15.91--11.73--8.25-
Price-to-Total Gains Ratio-14.70-64.99-9.29-24.54-24.54-
Price to Book Ratio1.17-1.07-1.34-0.86-0.60-
Price-to-Total Gains Ratio-14.70-64.99-9.29-24.54-24.54-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.262873
Number of shares3804
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.010.01
Usd Total Gains Per Share-0.010.01
Gains per Quarter (3804 shares)-30.4447.18
Gains per Year (3804 shares)-121.77188.70
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-122-1320189179
20-244-2540377368
30-365-3760566557
40-487-4980755746
50-609-6200944935
60-731-742011321124
70-852-864013211313
80-974-986015101502
90-1096-1108016981691
100-1218-1230018871880

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%1.011.00.08.3%2.017.00.010.5%8.019.00.029.6%8.019.00.029.6%
Book Value Change Per Share2.02.00.050.0%5.07.00.041.7%9.08.02.047.4%9.08.010.033.3%9.08.010.033.3%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.019.00.0%0.00.027.00.0%0.00.027.00.0%
Total Gains per Share2.02.00.050.0%5.07.00.041.7%9.08.02.047.4%9.08.010.033.3%9.08.010.033.3%

Fundamentals of Airthings

About Airthings ASA

Airthings ASA, a hardware-enabled software company, engages in the development of products and systems for monitoring indoor air quality, radon, and energy efficiency worldwide. It operates through Consumer, Business, and Professional segments. The Consumer segments sells air quality sensors to private customers through retail and e-commerce. Its Business segment provides air quality solutions to schools, office building, and other commercial buildings. The Professional segment sells measurement solutions, which enables inspectors and certified radon professionals to measure, analyze, and report on buildings; and offers rental of products and calibration services. In addition, it offers digital radon detectors as well as smart indoor air quality monitors and solutions. The company provides its products under the View Plus, Wave Plus, Wave Radon, Wave Mini, House Kit, Hub, Corentium Home, Plus, and Pro brands. Airthings ASA was incorporated in 2008 and is headquartered in Oslo, Norway.

Fundamental data was last updated by Penke on 2024-06-06 18:37:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Airthings ASA.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Airthings earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare¬†Airthings to the¬†Electrical Equipment & Parts industry mean.
  • A Net Profit Margin of -8.4%¬†means that¬†kr-0.08 for each kr1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Airthings ASA:

  • The MRQ is -8.4%. The company is making a loss. -1
  • The TTM is -14.3%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-8.4%TTM-14.3%+5.9%
TTM-14.3%YOY-30.1%+15.8%
TTM-14.3%5Y-20.9%+6.6%
5Y-20.9%10Y-13.7%-7.2%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.4%3.8%-12.2%
TTM-14.3%3.4%-17.7%
YOY-30.1%3.8%-33.9%
5Y-20.9%3.3%-24.2%
10Y-13.7%3.5%-17.2%
1.1.2. Return on Assets

Shows how efficient Airthings is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Airthings to the¬†Electrical Equipment & Parts industry mean.
  • -1.3% Return on Assets means that¬†Airthings generated¬†kr-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Airthings ASA:

  • The MRQ is -1.3%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -2.0%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.3%TTM-2.0%+0.6%
TTM-2.0%YOY-3.6%+1.6%
TTM-2.0%5Y-2.5%+0.5%
5Y-2.5%10Y-1.7%-0.7%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.3%0.8%-2.1%
TTM-2.0%0.9%-2.9%
YOY-3.6%0.9%-4.5%
5Y-2.5%0.9%-3.4%
10Y-1.7%1.0%-2.7%
1.1.3. Return on Equity

Shows how efficient Airthings is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Airthings to the¬†Electrical Equipment & Parts industry mean.
  • -1.7% Return on Equity means Airthings generated kr-0.02¬†for each¬†kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Airthings ASA:

  • The MRQ is -1.7%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -2.5%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.7%TTM-2.5%+0.8%
TTM-2.5%YOY-4.5%+2.0%
TTM-2.5%5Y-3.1%+0.5%
5Y-3.1%10Y-2.2%-0.9%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.7%1.7%-3.4%
TTM-2.5%1.8%-4.3%
YOY-4.5%1.8%-6.3%
5Y-3.1%1.8%-4.9%
10Y-2.2%1.9%-4.1%

1.2. Operating Efficiency of Airthings ASA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Airthings is operating .

  • Measures how much profit Airthings makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Airthings to the¬†Electrical Equipment & Parts industry mean.
  • An Operating Margin of 0.0%¬†means the company generated kr0.00 ¬†for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Airthings ASA:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-10.4%+10.4%
TTM-10.4%YOY-29.5%+19.1%
TTM-10.4%5Y-20.2%+9.7%
5Y-20.2%10Y-13.2%-7.0%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.2%-6.2%
TTM-10.4%2.1%-12.5%
YOY-29.5%4.2%-33.7%
5Y-20.2%4.4%-24.6%
10Y-13.2%3.6%-16.8%
1.2.2. Operating Ratio

Measures how efficient Airthings is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Electrical Equipment & Parts industry mean).
  • An Operation Ratio of 1.63 means that the operating costs are kr1.63 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Airthings ASA:

  • The MRQ is 1.628. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.582. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.628TTM1.582+0.046
TTM1.582YOY1.826-0.243
TTM1.5825Y1.458+0.124
5Y1.45810Y1.314+0.144
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6281.670-0.042
TTM1.5821.663-0.081
YOY1.8261.668+0.158
5Y1.4581.634-0.176
10Y1.3141.368-0.054

1.3. Liquidity of Airthings ASA.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Airthings is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Electrical Equipment & Parts industry mean).
  • A Current Ratio of 4.05¬†means the company has kr4.05 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Airthings ASA:

  • The MRQ is 4.055. The company is very able to pay all its short-term debts. +2
  • The TTM is 4.456. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ4.055TTM4.456-0.402
TTM4.456YOY5.101-0.645
TTM4.4565Y5.971-1.515
5Y5.97110Y4.202+1.769
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0551.888+2.167
TTM4.4561.920+2.536
YOY5.1011.901+3.200
5Y5.9711.995+3.976
10Y4.2021.699+2.503
1.3.2. Quick Ratio

Measures if Airthings is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Airthings to the¬†Electrical Equipment & Parts industry mean.
  • A Quick Ratio of 0.90¬†means the company can pay off kr0.90 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Airthings ASA:

  • The MRQ is 0.897. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 1.910. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ0.897TTM1.910-1.013
TTM1.910YOY3.164-1.254
TTM1.9105Y4.310-2.400
5Y4.31010Y3.033+1.277
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8970.766+0.131
TTM1.9100.829+1.081
YOY3.1640.936+2.228
5Y4.3100.996+3.314
10Y3.0331.012+2.021

1.4. Solvency of Airthings ASA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Airthings assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Airthings to Electrical Equipment & Parts industry mean.
  • A Debt to Asset Ratio of 0.22¬†means that Airthings assets are¬†financed with 22.4% credit (debt) and the remaining percentage (100% - 22.4%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Airthings ASA:

  • The MRQ is 0.224. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.216. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.224TTM0.216+0.008
TTM0.216YOY0.193+0.023
TTM0.2165Y0.185+0.031
5Y0.18510Y0.130+0.055
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2240.442-0.218
TTM0.2160.452-0.236
YOY0.1930.446-0.253
5Y0.1850.447-0.262
10Y0.1300.427-0.297
1.4.2. Debt to Equity Ratio

Measures if Airthings is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Airthings to the¬†Electrical Equipment & Parts industry mean.
  • A Debt to Equity ratio of 28.9% means that company has kr0.29 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Airthings ASA:

  • The MRQ is 0.289. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.275. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.289TTM0.275+0.014
TTM0.275YOY0.239+0.037
TTM0.2755Y0.237+0.038
5Y0.23710Y0.167+0.070
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2890.796-0.507
TTM0.2750.827-0.552
YOY0.2390.808-0.569
5Y0.2370.835-0.598
10Y0.1670.831-0.664

2. Market Valuation of Airthings ASA

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Airthings generates.

  • Above 15 is considered overpriced but¬†always compare¬†Airthings to the¬†Electrical Equipment & Parts industry mean.
  • A PE ratio of -17.04 means the investor is paying kr-17.04¬†for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Airthings ASA:

  • The EOD is -16.274. Based on the earnings, the company is expensive. -2
  • The MRQ is -17.038. Based on the earnings, the company is expensive. -2
  • The TTM is -15.670. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-16.274MRQ-17.038+0.764
MRQ-17.038TTM-15.670-1.368
TTM-15.670YOY15.914-31.584
TTM-15.6705Y-11.728-3.942
5Y-11.72810Y-8.253-3.475
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD-16.27417.686-33.960
MRQ-17.03816.683-33.721
TTM-15.67015.833-31.503
YOY15.91414.477+1.437
5Y-11.72819.381-31.109
10Y-8.25323.472-31.725
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Airthings ASA:

  • The EOD is -51.741. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -54.169. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -16.182. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-51.741MRQ-54.169+2.428
MRQ-54.169TTM-16.182-37.987
TTM-16.182YOY-3.842-12.340
TTM-16.1825Y-5.578-10.604
5Y-5.57810Y-3.925-1.653
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD-51.741-4.041-47.700
MRQ-54.169-4.917-49.252
TTM-16.1821.616-17.798
YOY-3.842-1.619-2.223
5Y-5.578-0.564-5.014
10Y-3.925-0.280-3.645
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Airthings is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Electrical Equipment & Parts industry mean).
  • A PB ratio of 1.17 means the investor is paying kr1.17¬†for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Airthings ASA:

  • The EOD is 1.116. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.168. Based on the equity, the company is underpriced. +1
  • The TTM is 1.069. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.116MRQ1.168-0.052
MRQ1.168TTM1.069+0.099
TTM1.069YOY1.338-0.269
TTM1.0695Y0.858+0.211
5Y0.85810Y0.604+0.254
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD1.1161.946-0.830
MRQ1.1682.005-0.837
TTM1.0692.149-1.080
YOY1.3382.128-0.790
5Y0.8582.446-1.588
10Y0.6042.958-2.354
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Airthings ASA compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.197-0.084-57%-0.168-15%0.131-251%0.092-314%
Book Value Per Share--2.4832.610-5%2.748-10%10.026-75%7.055-65%
Current Ratio--4.0554.456-9%5.101-21%5.971-32%4.202-4%
Debt To Asset Ratio--0.2240.216+4%0.193+16%0.185+21%0.130+72%
Debt To Equity Ratio--0.2890.275+5%0.239+21%0.237+22%0.167+73%
Dividend Per Share----0%-0%-0%-0%
Eps---0.043-0.066+56%-0.129+202%-0.303+613%-0.208+390%
Free Cash Flow Per Share---0.013-0.022+68%-0.283+2016%-0.685+5021%-0.548+3991%
Free Cash Flow To Equity Per Share---0.0130.095-114%-0.275+1954%0.874-102%0.532-103%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--48.357--------
Intrinsic Value_10Y_min--39.250--------
Intrinsic Value_1Y_max---1.368--------
Intrinsic Value_1Y_min---1.348--------
Intrinsic Value_3Y_max--0.624--------
Intrinsic Value_3Y_min--0.501--------
Intrinsic Value_5Y_max--8.327--------
Intrinsic Value_5Y_min--7.321--------
Market Cap547789660.000-5%573499493.400551251076.718+4%723547082.500-21%923769388.467-38%650059940.032-12%
Net Profit Margin---0.084-0.143+71%-0.301+259%-0.209+150%-0.137+64%
Operating Margin----0.1040%-0.2950%-0.2020%-0.1320%
Operating Ratio--1.6281.582+3%1.826-11%1.458+12%1.314+24%
Pb Ratio1.116-5%1.1681.069+9%1.338-13%0.858+36%0.604+93%
Pe Ratio-16.274+4%-17.038-15.670-8%15.914-207%-11.728-31%-8.253-52%
Price Per Share2.770-5%2.9002.788+4%3.659-21%4.671-38%3.287-12%
Price To Free Cash Flow Ratio-51.741+4%-54.169-16.182-70%-3.842-93%-5.578-90%-3.925-93%
Price To Total Gains Ratio-14.044+4%-14.70364.993-123%9.289-258%24.542-160%24.542-160%
Quick Ratio--0.8971.910-53%3.164-72%4.310-79%3.033-70%
Return On Assets---0.013-0.020+49%-0.036+173%-0.025+87%-0.017+31%
Return On Equity---0.017-0.025+48%-0.045+164%-0.031+79%-0.022+26%
Total Gains Per Share---0.197-0.084-57%-0.168-15%0.131-251%0.092-314%
Usd Book Value--46597549.36248974260.550-5%51573882.228-10%188158808.288-75%132408050.277-65%
Usd Book Value Change Per Share---0.019-0.008-57%-0.016-15%0.012-251%0.009-314%
Usd Book Value Per Share--0.2360.248-5%0.261-10%0.951-75%0.670-65%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.004-0.006+56%-0.012+202%-0.029+613%-0.020+390%
Usd Free Cash Flow---251180.846-421053.150+68%-5314826.576+2016%-12186732.067+4752%-9894576.812+3839%
Usd Free Cash Flow Per Share---0.001-0.002+68%-0.027+2016%-0.065+5021%-0.052+3991%
Usd Free Cash Flow To Equity Per Share---0.0010.009-114%-0.026+1954%0.083-102%0.051-103%
Usd Market Cap51985238.734-5%54425101.92452313727.180+4%68664618.129-21%87665714.966-38%61690688.309-12%
Usd Price Per Share0.263-5%0.2750.265+4%0.347-21%0.443-38%0.312-12%
Usd Profit---798574.959-1244896.302+56%-2380714.070+198%-5596610.907+601%-3843962.074+381%
Usd Revenue--9517852.6769344477.849+2%8784824.909+8%29157667.810-67%27393537.134-65%
Usd Total Gains Per Share---0.019-0.008-57%-0.016-15%0.012-251%0.009-314%
 EOD+3 -5MRQTTM+15 -17YOY+17 -155Y+12 -2010Y+12 -20

3.2. Fundamental Score

Let's check the fundamental score of Airthings ASA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-16.274
Price to Book Ratio (EOD)Between0-11.116
Net Profit Margin (MRQ)Greater than0-0.084
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.897
Current Ratio (MRQ)Greater than14.055
Debt to Asset Ratio (MRQ)Less than10.224
Debt to Equity Ratio (MRQ)Less than10.289
Return on Equity (MRQ)Greater than0.15-0.017
Return on Assets (MRQ)Greater than0.05-0.013
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Airthings ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5034.458
Ma 20Greater thanMa 502.977
Ma 50Greater thanMa 1003.038
Ma 100Greater thanMa 2003.040
OpenGreater thanClose2.900
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in USD. All numbers in thousands.

Summary
Total Assets60,023
Total Liabilities13,459
Total Stockholder Equity46,564
 As reported
Total Liabilities 13,459
Total Stockholder Equity+ 46,564
Total Assets = 60,023

Assets

Total Assets60,023
Total Current Assets42,477
Long-term Assets17,546
Total Current Assets
Cash And Cash Equivalents 13,231
Net Receivables 9,395
Inventory 14,155
Total Current Assets  (as reported)42,477
Total Current Assets  (calculated)36,781
+/- 5,696
Long-term Assets
Property Plant Equipment 2,656
Goodwill 2,621
Intangible Assets 3,619
Long-term Assets Other 98
Long-term Assets  (as reported)17,546
Long-term Assets  (calculated)8,994
+/- 8,552

Liabilities & Shareholders' Equity

Total Current Liabilities10,476
Long-term Liabilities2,983
Total Stockholder Equity46,564
Total Current Liabilities
Accounts payable 6,106
Other Current Liabilities 1,742
Total Current Liabilities  (as reported)10,476
Total Current Liabilities  (calculated)7,848
+/- 2,628
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt2,390
Long-term Liabilities Other 102
Long-term Liabilities  (as reported)2,983
Long-term Liabilities  (calculated)2,492
+/- 491
Total Stockholder Equity
Total Stockholder Equity (as reported)46,564
Total Stockholder Equity (calculated)0
+/- 46,564
Other
Capital Stock215
Common Stock Shares Outstanding 197,758
Net Invested Capital 47,860
Net Working Capital 32,001
Property Plant and Equipment Gross 2,656



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-06-302019-03-312018-12-312018-06-302018-03-312017-12-312017-06-302017-03-312016-12-31
> Total Assets 
0
0
0
0
0
0
0
0
0
143,809
0
186,500
243,810
738,352
689,564
681,600
684,500
83,680
80,256
66,742
59,383
63,743
65,558
63,047
61,927
64,653
60,023
60,02364,65361,92763,04765,55863,74359,38366,74280,25683,680684,500681,600689,564738,352243,810186,5000143,809000000000
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
133,010
173,400
173,400
186,194
654,261
608,924
601,600
604,100
67,342
62,879
51,746
45,426
47,202
49,126
46,363
44,678
46,143
42,477
42,47746,14344,67846,36349,12647,20245,42651,74662,87967,342604,100601,600608,924654,261186,194173,400173,400133,010000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
49,076
0
96,400
95,026
527,295
497,962
462,200
394,900
40,846
35,607
23,170
17,014
11,960
15,427
17,380
15,473
13,530
13,231
13,23113,53015,47317,38015,42711,96017,01423,17035,60740,846394,900462,200497,962527,29595,02696,400049,076000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
54,905
47,400
47,400
60,689
77,117
64,413
85,300
134,800
12,926
14,325
12,164
12,895
15,214
10,378
12,814
9,095
11,175
9,395
9,39511,1759,09512,81410,37815,21412,89512,16414,32512,926134,80085,30064,41377,11760,68947,40047,40054,905000000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
54,905
0
47,400
1
86,871
64,413
85,300
134,800
15,067
14,325
-1
-1
1
1
1
-1
-1
0
0-1-1111-1-114,32515,067134,80085,30064,41386,871147,400054,905000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
10,799
0
13,100
0
84,091
80,640
80,000
80,400
16,339
17,377
14,995
13,957
16,541
16,432
16,684
17,249
18,510
17,546
17,54618,51017,24916,68416,43216,54113,95714,99517,37716,33980,40080,00080,64084,091013,100010,799000000000
       Property Plant Equipment 
0
0
0
0
0
0
0
0
0
2,297
200
200
4,061
5,076
6,068
6,500
6,600
5,066
5,053
4,404
3,883
3,997
3,756
3,469
3,286
3,158
2,656
2,6563,1583,2863,4693,7563,9973,8834,4045,0535,0666,6006,5006,0685,0764,0612002002,297000000000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
39,029
36,427
34,475
23,600
22,200
3,210
3,236
2,841
2,607
2,872
2,702
2,628
2,665
2,783
2,621
2,6212,7832,6652,6282,7022,8722,6072,8413,2363,21022,20023,60034,47536,42739,029000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
3,672
0
4,700
9,261
6,653
6,703
19,300
19,000
2,494
2,884
1,496
1,765
2,459
2,599
2,840
3,290
3,607
3,619
3,6193,6073,2902,8402,5992,4591,7651,4962,8842,49419,00019,3006,7036,6539,2614,70003,672000000000
       Other Assets 
0
0
0
0
0
0
0
0
0
4,830
12,900
12,900
9,837
37,404
34,889
44,500
46,100
5,583
6,204
6,256
5,702
7,239
7,375
7,747
8,008
0
0
008,0087,7477,3757,2395,7026,2566,2045,58346,10044,50034,88937,4049,83712,90012,9004,830000000000
> Total Liabilities 
0
0
0
0
0
0
0
0
0
46,303
0
45,000
50,947
78,525
62,434
71,900
73,300
15,838
14,791
13,392
10,404
12,815
12,668
13,721
12,324
14,390
13,459
13,45914,39012,32413,72112,66812,81510,40413,39214,79115,83873,30071,90062,43478,52550,94745,000046,303000000000
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
28,414
27,700
27,700
38,027
66,222
52,601
62,100
61,500
10,946
10,473
10,334
7,697
10,136
10,153
10,192
8,888
11,001
10,476
10,47611,0018,88810,19210,15310,1367,69710,33410,47310,94661,50062,10052,60166,22238,02727,70027,70028,414000000000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
12,810
0
12,100
0
16,222
25,029
0
0
670
779
0
0
0
0
0
0
0
0
000000007796700025,02916,222012,100012,810000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
12,100
0
16,222
25,029
0
0
0
0
0
0
0
0
0
0
0
0
00000000000025,02916,222012,10000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
12,149
10,300
10,300
18,193
23,788
24,449
23,800
32,800
7,027
7,173
6,281
4,780
6,177
6,207
5,611
5,242
3,637
6,106
6,1063,6375,2425,6116,2076,1774,7806,2817,1737,02732,80023,80024,44923,78818,19310,30010,30012,149000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
3,455
11,800
5,300
12,573
26,212
3,123
38,300
28,700
3,249
2,521
3,200
2,135
3,109
0
3,744
0
2,150
1,742
1,7422,15003,74403,1092,1353,2002,5213,24928,70038,3003,12326,21212,5735,30011,8003,455000000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
17,889
0
17,300
0
12,303
9,833
9,800
11,800
4,892
4,318
3,058
2,708
2,678
2,516
3,529
3,436
3,389
2,983
2,9833,3893,4363,5292,5162,6782,7083,0584,3184,89211,8009,8009,83312,303017,300017,889000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
12,373
0
0
4,067
3,786
3,803
3,636
2,874
2,489
2,554
2,396
3,456
3,327
0
0
003,3273,4562,3962,5542,4892,8743,6363,8033,7864,0670012,373000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
-1
200
200
547
12,304
9,832
9,800
11,800
1,089
682
184
218
124
0
73
0
0
0
0007301242181846821,08911,8009,8009,83212,304547200200-1000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
4,700
4,700
4,572
1,469
1,495
13,900
13,500
14,500
0
0
0
0
0
0
0
0
0
00000000014,50013,50013,9001,4951,4694,5724,7004,7000000000000
> Total Stockholder Equity
0
0
0
0
0
0
0
0
0
97,507
0
141,500
192,863
659,826
627,130
609,700
611,200
67,842
65,465
53,350
48,979
50,928
52,890
49,326
49,603
50,263
46,564
46,56450,26349,60349,32652,89050,92848,97953,35065,46567,842611,200609,700627,130659,826192,863141,500097,507000000000
   Common Stock
0
0
0
0
0
0
0
0
0
568
152,200
152,200
663
1,706
1,711
1,700
1,700
190
190
191
191
192
215
215
215
0
0
002152152151921911911901901,7001,7001,7111,706663152,200152,200568000000000
   Retained Earnings Total Equity000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000-2,892000-1,432000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
211,570
711,464
711,977
712,100
712,400
78,669
78,784
78,838
78,856
78,979
86,362
86,362
86,362
0
0
0086,36286,36286,36278,97978,85678,83878,78478,669712,400712,100711,977711,464211,570000000000000
   Treasury Stock000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
93,097
0
0
-28,340
661,012
625,419
608,000
609,500
67,652
83,089
-3,415
-8,069
-2,994
-35,887
-37,251
-39,284
0
0
00-39,284-37,251-35,887-2,994-8,069-3,41583,08967,652609,500608,000625,419661,012-28,3400093,097000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue36,592
Cost of Revenue-14,302
Gross Profit22,29022,290
 
Operating Income (+$)
Gross Profit22,290
Operating Expense-44,942
Operating Income-8,350-22,652
 
Operating Expense (+$)
Research Development-
Selling General Administrative6,681
Selling And Marketing Expenses-
Operating Expense44,9426,681
 
Net Interest Income (+$)
Interest Income405
Interest Expense-215
Other Finance Cost-125
Net Interest Income65
 
Pretax Income (+$)
Operating Income-8,350
Net Interest Income65
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-8,030-8,350
EBIT - interestExpense = -215
-6,258
-6,043
Interest Expense215
Earnings Before Interest and Taxes (EBIT)--7,815
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-8,030
Tax Provision--1,772
Net Income From Continuing Ops-6,258-6,258
Net Income-6,258
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net--65
 

Technical Analysis of Airthings
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Airthings. The general trend of Airthings is BEARISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Airthings's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-71.4%) Bearish trend (71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Airthings ASA.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 2.8 < 2.84 < 3.4.

The bearish price targets are: 2.75 > 2.645 > 2.6.

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Airthings ASA Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Airthings ASA. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Airthings ASA Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Airthings ASA. The current macd is -0.05924202.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Airthings price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Airthings. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Airthings price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Airthings ASA Daily Moving Average Convergence/Divergence (MACD) ChartAirthings ASA Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Airthings ASA. The current adx is 19.33.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Airthings shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Airthings ASA Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Airthings ASA. The current sar is 3.13729415.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Airthings ASA Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Airthings ASA. The current rsi is 34.46. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Airthings ASA Daily Relative Strength Index (RSI) ChartAirthings ASA Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Airthings ASA. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Airthings price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Airthings ASA Daily Stochastic Oscillator ChartAirthings ASA Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Airthings ASA. The current cci is -151.78571429.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Airthings ASA Daily Commodity Channel Index (CCI) ChartAirthings ASA Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Airthings ASA. The current cmo is -40.88827737.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Airthings ASA Daily Chande Momentum Oscillator (CMO) ChartAirthings ASA Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Airthings ASA. The current willr is -100.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Airthings ASA Daily Williams %R ChartAirthings ASA Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Airthings ASA.

Airthings ASA Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Airthings ASA. The current atr is 0.1238502.

Airthings ASA Daily Average True Range (ATR) ChartAirthings ASA Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Airthings ASA. The current obv is -3,368,526.

Airthings ASA Daily On-Balance Volume (OBV) ChartAirthings ASA Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Airthings ASA. The current mfi is 24.20.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Airthings ASA Daily Money Flow Index (MFI) ChartAirthings ASA Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Airthings ASA.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-01-26STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-30MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-31MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-22STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-04-02WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-04-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-12STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-18STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-23STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-24CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-25STOCH LONG EXITThe %K line crosses below the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-29BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-04-30STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-02RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-05-06MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-08STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-05-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-05-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-21MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-05-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-24STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-05-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-04STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-06-05MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-06-06WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-10STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-06-11STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-12MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-06-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-06-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-20CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-06-21BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).

6.3. Candlestick Patterns

Airthings ASA Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Airthings ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5034.458
Ma 20Greater thanMa 502.977
Ma 50Greater thanMa 1003.038
Ma 100Greater thanMa 2003.040
OpenGreater thanClose2.900
Total2/5 (40.0%)
Penke

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