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Freja eID Group AB
Buy, Hold or Sell?

Let's analyse Freja eID Group AB together

PenkeI guess you are interested in Freja eID Group AB. 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 Freja eID Group AB. 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 Freja eID Group AB (30 sec.)










What can you expect buying and holding a share of Freja eID Group AB? (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
kr0.61
Expected worth in 1 year
kr0.28
How sure are you?
22.5%

+ What do you gain per year?

Total Gains per Share
kr-0.33
Return On Investment
-4.3%

For what price can you sell your share?

Current Price per Share
kr7.70
Expected price per share
kr6.5 - kr8.28
How sure are you?
50%

1. Valuation of Freja eID Group AB (5 min.)




Live pricePrice per Share (EOD)

kr7.70

Intrinsic Value Per Share

kr-26.12 - kr-15.32

Total Value Per Share

kr-25.52 - kr-14.71

2. Growth of Freja eID Group AB (5 min.)




Is Freja eID Group AB growing?

Current yearPrevious yearGrowGrow %
How rich?$1.2m$3.1m-$2m-203.2%

How much money is Freja eID Group AB making?

Current yearPrevious yearGrowGrow %
Making money-$750.6k-$911k$160.4k21.4%
Net Profit Margin-89.4%-142.6%--

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

3. Financial Health of Freja eID Group AB (5 min.)




What can you expect buying and holding a share of Freja eID Group AB? (5 min.)

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

What can you expect buying and holding a share of Freja eID Group AB?

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

Speculation

The Price per Share of Freja eID Group AB is kr7.7. 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 Freja eID Group AB.
  • 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 Freja eID Group AB, 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 kr0.61. 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 kr0.05 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 Freja eID Group AB.

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 Eps-0.03-0.3%-0.03-0.4%-0.04-0.5%-0.04-0.5%-0.03-0.4%
Usd Book Value Change Per Share0.040.5%-0.01-0.1%0.000.1%-0.01-0.1%0.000.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.040.5%-0.01-0.1%0.000.1%-0.01-0.1%0.000.0%
Usd Price Per Share0.64-0.67-0.78-4.17-5.78-
Price to Earnings Ratio-5.94--5.14--4.69--37.96--51.95-
Price-to-Total Gains Ratio15.78--23.45--8.94--154.52--349.96-
Price to Book Ratio11.19-20.14-5.32-42.63-51.10-
Price-to-Total Gains Ratio15.78--23.45--8.94--154.52--349.96-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.7238
Number of shares1381
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.01-0.01
Usd Total Gains Per Share-0.01-0.01
Gains per Quarter (1381 shares)-10.79-7.13
Gains per Year (1381 shares)-43.14-28.54
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-43-530-29-39
20-86-960-57-68
30-129-1390-86-97
40-173-1820-114-126
50-216-2250-143-155
60-259-2680-171-184
70-302-3110-200-213
80-345-3540-228-242
90-388-3970-257-271
100-431-4400-285-300

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%0.012.00.00.0%0.020.00.00.0%3.037.00.07.5%3.039.00.07.1%
Book Value Change Per Share1.03.00.025.0%3.09.00.025.0%5.015.00.025.0%9.029.02.022.5%10.029.03.023.8%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.040.00.0%0.00.042.00.0%
Total Gains per Share1.03.00.025.0%3.09.00.025.0%5.015.00.025.0%9.029.02.022.5%10.029.03.023.8%

Fundamentals of Freja eID Group AB

About Freja eID Group AB

Freja eID Group AB (publ) develops products and services for digital identification in Sweden and internationally. The company operates in two segments, Freja elD and Fulfillment. It offers Freja eID, a mobile electronic identity used for online identification, such as logging in to e-services, or for physical identification as with any physical ID. The company also provides Private eID platform that consist of online and physical identification, electronic signatures, onboard users, and customer engagement; and Organisation ID comprising employee ID, life cycle management, and shared devices. In addition, it offers fulfilment services that consist of secure services, mainly related to the entire life cycle of secure log in equipment for internet banks, such as security tokens. The company was formerly known as Verisec AB (publ) and changed its name to Freja eID Group AB (publ) in November 2020. Freja eID Group AB (publ) was incorporated in 2000 and is headquartered in Stockholm, Sweden.

Fundamental data was last updated by Penke on 2024-03-09 11:54:04.

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 unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is expensive.
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 Freja eID Group AB.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Freja eID Group AB earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Freja eID Group AB to the Software - Infrastructure industry mean.
  • A Net Profit Margin of -62.9% means that kr-0.63 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Freja eID Group AB:

  • The MRQ is -62.9%. The company is making a huge loss. -2
  • The TTM is -89.4%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-62.9%TTM-89.4%+26.6%
TTM-89.4%YOY-142.6%+53.2%
TTM-89.4%5Y-99.5%+10.1%
5Y-99.5%10Y-61.9%-37.6%
1.1.2. Return on Assets

Shows how efficient Freja eID Group AB is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Freja eID Group AB to the Software - Infrastructure industry mean.
  • -10.4% Return on Assets means that Freja eID Group AB generated kr-0.10 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Freja eID Group AB:

  • The MRQ is -10.4%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -14.4%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-10.4%TTM-14.4%+4.0%
TTM-14.4%YOY-14.7%+0.4%
TTM-14.4%5Y-9.6%-4.7%
5Y-9.6%10Y-7.7%-1.9%
1.1.3. Return on Equity

Shows how efficient Freja eID Group AB is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Freja eID Group AB to the Software - Infrastructure industry mean.
  • -47.1% Return on Equity means Freja eID Group AB generated kr-0.47 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Freja eID Group AB:

  • The MRQ is -47.1%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -104.4%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-47.1%TTM-104.4%+57.3%
TTM-104.4%YOY-30.2%-74.2%
TTM-104.4%5Y-42.3%-62.1%
5Y-42.3%10Y-27.7%-14.6%

1.2. Operating Efficiency of Freja eID Group AB.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Freja eID Group AB is operating .

  • Measures how much profit Freja eID Group AB 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 Freja eID Group AB to the Software - Infrastructure industry mean.
  • An Operating Margin of -57.0% means the company generated kr-0.57  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Freja eID Group AB:

  • The MRQ is -57.0%. The company is operating very inefficient. -2
  • The TTM is -82.8%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-57.0%TTM-82.8%+25.8%
TTM-82.8%YOY-139.9%+57.1%
TTM-82.8%5Y-92.4%+9.7%
5Y-92.4%10Y-58.3%-34.1%
1.2.2. Operating Ratio

Measures how efficient Freja eID Group AB is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Software - Infrastructure industry mean).
  • An Operation Ratio of 1.57 means that the operating costs are kr1.57 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Freja eID Group AB:

  • The MRQ is 1.570. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.828. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.570TTM1.828-0.258
TTM1.828YOY2.440-0.612
TTM1.8285Y2.311-0.483
5Y2.31110Y1.777+0.534

1.3. Liquidity of Freja eID Group AB.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Freja eID Group AB is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Software - Infrastructure industry mean).
  • A Current Ratio of 0.62 means the company has kr0.62 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Freja eID Group AB:

  • The MRQ is 0.616. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.483. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.616TTM0.483+0.133
TTM0.483YOY0.978-0.495
TTM0.4835Y1.022-0.539
5Y1.02210Y1.230-0.208
1.3.2. Quick Ratio

Measures if Freja eID Group AB is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Freja eID Group AB to the Software - Infrastructure industry mean.
  • A Quick Ratio of 0.50 means the company can pay off kr0.50 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Freja eID Group AB:

  • The MRQ is 0.500. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.347. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.500TTM0.347+0.153
TTM0.347YOY0.666-0.319
TTM0.3475Y0.717-0.370
5Y0.71710Y0.703+0.015

1.4. Solvency of Freja eID Group AB.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Freja eID Group AB assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Freja eID Group AB to Software - Infrastructure industry mean.
  • A Debt to Asset Ratio of 0.78 means that Freja eID Group AB assets are financed with 77.9% credit (debt) and the remaining percentage (100% - 77.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Freja eID Group AB:

  • The MRQ is 0.779. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.806. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.779TTM0.806-0.027
TTM0.806YOY0.506+0.300
TTM0.8065Y0.597+0.209
5Y0.59710Y0.582+0.016
1.4.2. Debt to Equity Ratio

Measures if Freja eID Group AB is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Freja eID Group AB to the Software - Infrastructure industry mean.
  • A Debt to Equity ratio of 352.4% means that company has kr3.52 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Freja eID Group AB:

  • The MRQ is 3.524. The company is unable to pay all its debts with equity. -1
  • The TTM is 5.554. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ3.524TTM5.554-2.030
TTM5.554YOY1.106+4.447
TTM5.5545Y2.658+2.896
5Y2.65810Y2.169+0.489

2. Market Valuation of Freja eID Group AB

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 Freja eID Group AB generates.

  • Above 15 is considered overpriced but always compare Freja eID Group AB to the Software - Infrastructure industry mean.
  • A PE ratio of -5.94 means the investor is paying kr-5.94 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Freja eID Group AB:

  • The EOD is -6.727. Based on the earnings, the company is expensive. -2
  • The MRQ is -5.941. Based on the earnings, the company is expensive. -2
  • The TTM is -5.140. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6.727MRQ-5.941-0.786
MRQ-5.941TTM-5.140-0.800
TTM-5.140YOY-4.691-0.450
TTM-5.1405Y-37.956+32.816
5Y-37.95610Y-51.952+13.995
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Freja eID Group AB:

  • The EOD is -3.404. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -3.006. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -18.977. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-3.404MRQ-3.006-0.398
MRQ-3.006TTM-18.977+15.971
TTM-18.977YOY4.075-23.052
TTM-18.9775Y-42.742+23.765
5Y-42.74210Y64.519-107.261
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Freja eID Group AB is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Software - Infrastructure industry mean).
  • A PB ratio of 11.19 means the investor is paying kr11.19 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Freja eID Group AB:

  • The EOD is 12.674. Based on the equity, the company is expensive. -2
  • The MRQ is 11.192. Based on the equity, the company is expensive. -2
  • The TTM is 20.138. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD12.674MRQ11.192+1.481
MRQ11.192TTM20.138-8.946
TTM20.138YOY5.319+14.820
TTM20.1385Y42.630-22.491
5Y42.63010Y51.100-8.470
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Freja eID Group AB 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--0.431-0.083+119%0.051+745%-0.055+113%0.008+5466%
Book Value Per Share--0.6080.478+27%1.467-59%1.388-56%1.330-54%
Current Ratio--0.6160.483+28%0.978-37%1.022-40%1.230-50%
Debt To Asset Ratio--0.7790.806-3%0.506+54%0.597+30%0.582+34%
Debt To Equity Ratio--3.5245.554-37%1.106+219%2.658+33%2.169+62%
Dividend Per Share----0%-0%-0%-0%
Eps---0.286-0.352+23%-0.427+49%-0.403+41%-0.287+0%
Free Cash Flow Per Share---0.565-0.249-56%-0.302-47%-0.370-35%-0.289-49%
Free Cash Flow To Equity Per Share--0.189-0.013+107%-0.292+254%-0.133+170%-0.051+127%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---15.319--------
Intrinsic Value_10Y_min---26.124--------
Intrinsic Value_1Y_max---1.214--------
Intrinsic Value_1Y_min---1.568--------
Intrinsic Value_3Y_max---3.892--------
Intrinsic Value_3Y_min---5.649--------
Intrinsic Value_5Y_max---6.865--------
Intrinsic Value_5Y_min---10.725--------
Market Cap174872390.000+12%154432760.000163305666.000-5%188555586.750-18%1066612681.747-86%1425126289.847-89%
Net Profit Margin---0.629-0.894+42%-1.426+127%-0.995+58%-0.619-2%
Operating Margin---0.570-0.828+45%-1.399+146%-0.924+62%-0.583+2%
Operating Ratio--1.5701.828-14%2.440-36%2.311-32%1.777-12%
Pb Ratio12.674+12%11.19220.138-44%5.319+110%42.630-74%51.100-78%
Pe Ratio-6.727-13%-5.941-5.140-13%-4.691-21%-37.956+539%-51.952+775%
Price Per Share7.700+12%6.8007.110-4%8.303-18%44.406-85%61.472-89%
Price To Free Cash Flow Ratio-3.404-13%-3.006-18.977+531%4.075-174%-42.742+1322%64.519-105%
Price To Total Gains Ratio17.864+12%15.776-23.452+249%-8.945+157%-154.524+1079%-349.957+2318%
Quick Ratio--0.5000.347+44%0.666-25%0.717-30%0.703-29%
Return On Assets---0.104-0.144+38%-0.147+42%-0.096-7%-0.077-26%
Return On Equity---0.471-1.044+122%-0.302-36%-0.423-10%-0.277-41%
Total Gains Per Share--0.431-0.083+119%0.051+745%-0.055+113%0.008+5466%
Usd Book Value--1297012.0001032966.000+26%3131633.500-59%3165111.600-59%2940015.586-56%
Usd Book Value Change Per Share--0.041-0.008+119%0.005+745%-0.005+113%0.001+5466%
Usd Book Value Per Share--0.0570.045+27%0.138-59%0.130-56%0.125-54%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.027-0.033+23%-0.040+49%-0.038+41%-0.027+0%
Usd Free Cash Flow---1207148.000-539278.000-55%-644793.000-47%-836933.700-31%-641088.089-47%
Usd Free Cash Flow Per Share---0.053-0.023-56%-0.028-47%-0.035-35%-0.027-49%
Usd Free Cash Flow To Equity Per Share--0.018-0.001+107%-0.027+254%-0.012+170%-0.005+127%
Usd Market Cap16438004.660+12%14516679.44015350732.604-5%17724225.155-18%100261592.084-86%133961871.246-89%
Usd Price Per Share0.724+12%0.6390.668-4%0.780-18%4.174-85%5.778-89%
Usd Profit---610906.000-750613.500+23%-911048.000+49%-671075.400+10%-518303.764-15%
Usd Revenue--971960.000852885.500+14%691417.000+41%1042032.300-7%1254182.905-23%
Usd Total Gains Per Share--0.041-0.008+119%0.005+745%-0.005+113%0.001+5466%
 EOD+6 -2MRQTTM+26 -7YOY+18 -155Y+15 -1810Y+14 -19

3.2. Fundamental Score

Let's check the fundamental score of Freja eID Group AB based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-6.727
Price to Book Ratio (EOD)Between0-112.674
Net Profit Margin (MRQ)Greater than0-0.629
Operating Margin (MRQ)Greater than0-0.570
Quick Ratio (MRQ)Greater than10.500
Current Ratio (MRQ)Greater than10.616
Debt to Asset Ratio (MRQ)Less than10.779
Debt to Equity Ratio (MRQ)Less than13.524
Return on Equity (MRQ)Greater than0.15-0.471
Return on Assets (MRQ)Greater than0.05-0.104
Total1/10 (10.0%)

3.3. Technical Score

Let's check the technical score of Freja eID Group AB based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5050.361
Ma 20Greater thanMa 507.693
Ma 50Greater thanMa 1007.962
Ma 100Greater thanMa 2007.257
OpenGreater thanClose7.640
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Gross Profit  12,944-1,80411,14088512,025-91411,111-17,002-5,891
Cost of Revenue  -2,853206-2,647-382-3,029382-2,64718,87816,231



Latest Balance Sheet

Balance Sheet of 2023-12-31. All numbers in thousands.

Summary
Total Assets62,418
Total Liabilities48,620
Total Stockholder Equity13,797
 As reported
Total Liabilities 48,620
Total Stockholder Equity+ 13,797
Total Assets = 62,418

Assets

Total Assets62,418
Total Current Assets26,139
Long-term Assets36,279
Total Current Assets
Cash And Cash Equivalents 5,444
Net Receivables 15,783
Other Current Assets 4,912
Total Current Assets  (as reported)26,139
Total Current Assets  (calculated)26,139
+/-0
Long-term Assets
Property Plant Equipment 5,269
Intangible Assets 29,548
Long-term Assets  (as reported)36,279
Long-term Assets  (calculated)34,817
+/- 1,462

Liabilities & Shareholders' Equity

Total Current Liabilities42,440
Long-term Liabilities6,180
Total Stockholder Equity13,797
Total Current Liabilities
Short-term Debt 14,496
Accounts payable 5,935
Other Current Liabilities 22,009
Total Current Liabilities  (as reported)42,440
Total Current Liabilities  (calculated)42,440
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)6,180
Long-term Liabilities  (calculated)0
+/- 6,180
Total Stockholder Equity
Common Stock1,183
Retained Earnings -222,757
Accumulated Other Comprehensive Income 1,345
Other Stockholders Equity 234,026
Total Stockholder Equity (as reported)13,797
Total Stockholder Equity (calculated)13,797
+/-0
Other
Cash and Short Term Investments 5,444
Common Stock Shares Outstanding 22,223
Liabilities and Stockholders Equity 62,418
Net Debt 14,053
Net Working Capital -16,301
Short Long Term Debt Total 19,497



Balance Sheet

All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-30
> Total Assets 
0
43,520
0
0
30,689
69,944
60,007
64,857
68,344
62,263
52,938
49,520
46,359
81,818
76,348
70,328
63,236
63,644
54,153
92,912
84,798
84,909
107,320
92,746
92,036
89,297
84,597
82,016
63,894
85,092
82,143
122,365
104,496
93,776
78,220
71,307
55,274
59,847
55,166
54,006
53,333
62,418
62,41853,33354,00655,16659,84755,27471,30778,22093,776104,496122,36582,14385,09263,89482,01684,59789,29792,03692,746107,32084,90984,79892,91254,15363,64463,23670,32876,34881,81846,35949,52052,93862,26368,34464,85760,00769,94430,6890043,5200
   > Total Current Assets 
0
40,435
0
0
24,788
64,061
51,447
55,754
59,146
53,470
42,640
38,763
35,034
71,272
65,657
55,964
48,746
49,447
37,366
74,853
65,755
64,488
75,124
57,649
53,426
50,347
46,043
32,639
15,304
36,898
30,056
70,641
54,829
43,869
28,487
32,321
16,812
23,204
17,289
15,736
15,373
26,139
26,13915,37315,73617,28923,20416,81232,32128,48743,86954,82970,64130,05636,89815,30432,63946,04350,34753,42657,64975,12464,48865,75574,85337,36649,44748,74655,96465,65771,27235,03438,76342,64053,47059,14655,75451,44764,06124,7880040,4350
       Cash And Cash Equivalents 
0
12,282
0
0
4,037
42,321
31,937
25,222
22,588
30,098
25,260
18,198
11,048
39,757
37,615
26,512
17,369
18,148
5,810
37,958
32,823
28,933
27,261
8,466
10,986
9,989
6,022
12,741
1,335
23,323
16,917
58,739
43,278
28,295
15,242
15,692
5,031
6,220
2,847
2,730
893
5,444
5,4448932,7302,8476,2205,03115,69215,24228,29543,27858,73916,91723,3231,33512,7416,0229,98910,9868,46627,26128,93332,82337,9585,81018,14817,36926,51237,61539,75711,04818,19825,26030,09822,58825,22231,93742,3214,0370012,2820
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,237
17,359
11,285
8,054
10,328
7,774
5,427
5,739
11,284
7,062
7,779
2,376
9,300
10,223
6,617
9,102
15,783
15,7839,1026,61710,2239,3002,3767,7797,06211,2845,7395,4277,77410,3288,05411,28517,35917,2370000000000000000000000000
       Other Current Assets 
0
26,654
0
0
19,788
19,753
18,619
29,621
35,120
22,101
16,855
19,967
22,722
30,487
26,969
28,402
30,339
30,202
30,476
35,497
31,859
34,438
46,830
47,748
41,419
39,482
39,135
19,898
13,969
13,575
13,139
11,902
11,551
15,574
13,245
16,629
1
1
4,219
6,389
5,378
4,912
4,9125,3786,3894,2191116,62913,24515,57411,55111,90213,13913,57513,96919,89839,13539,48241,41947,74846,83034,43831,85935,49730,47630,20230,33928,40226,96930,48722,72219,96716,85522,10135,12029,62118,61919,75319,7880026,6540
   > Long-term Assets 
0
3,085
0
0
5,901
5,882
8,560
9,103
9,198
8,792
10,298
10,757
11,325
10,546
10,692
14,363
14,491
14,197
16,787
18,058
19,042
20,421
32,196
35,097
38,610
38,950
38,554
49,377
48,590
48,194
52,087
51,724
49,668
49,907
49,733
38,986
38,462
36,642
37,877
38,270
37,960
36,279
36,27937,96038,27037,87736,64238,46238,98649,73349,90749,66851,72452,08748,19448,59049,37738,55438,95038,61035,09732,19620,42119,04218,05816,78714,19714,49114,36310,69210,54611,32510,75710,2988,7929,1989,1038,5605,8825,901003,0850
       Property Plant Equipment 
0
1,897
0
0
1,577
1,653
1,823
2,098
2,393
2,408
2,602
3,132
3,854
3,730
3,814
6,138
5,607
5,138
5,623
5,588
5,654
6,063
16,839
16,060
15,677
14,120
11,647
9,277
7,502
6,268
10,421
9,623
9,073
10,562
9,915
9,317
8,744
8,725
8,640
7,667
6,468
5,269
5,2696,4687,6678,6408,7258,7449,3179,91510,5629,0739,62310,4216,2687,5029,27711,64714,12015,67716,06016,8396,0635,6545,5885,6235,1385,6076,1383,8143,7303,8543,1322,6022,4082,3932,0981,8231,6531,577001,8970
       Intangible Assets 
0
1,188
0
0
0
4,229
0
0
0
6,312
0
0
0
6,621
0
0
0
8,790
0
0
0
14,197
0
0
0
20,412
0
0
0
23,513
0
0
0
24,561
0
0
0
26,059
27,287
28,643
29,537
29,548
29,54829,53728,64327,28726,05900024,56100023,51300020,41200014,1970008,7900006,6210006,3120004,2290001,1880
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,727
0
0
0
36,117
38,085
0
0
0
0
0
4,286
4,282
4,282
18,412
4,305
18,414
16,372
14,783
15,069
90
91
1
0
1,960
0
0
001,96001919015,06914,78316,37218,4144,30518,4124,2824,2824,2860000038,08536,11700028,727000000000000000
> Total Liabilities 
0
36,757
0
0
23,088
31,761
24,165
32,400
36,462
31,307
27,684
29,765
29,305
35,215
33,909
34,848
33,050
39,151
38,193
45,691
40,807
46,149
71,404
63,489
64,696
72,034
77,195
37,680
30,641
39,634
47,432
34,001
30,824
34,537
30,183
33,942
28,761
38,501
41,149
41,874
49,324
48,620
48,62049,32441,87441,14938,50128,76133,94230,18334,53730,82434,00147,43239,63430,64137,68077,19572,03464,69663,48971,40446,14940,80745,69138,19339,15133,05034,84833,90935,21529,30529,76527,68431,30736,46232,40024,16531,76123,0880036,7570
   > Total Current Liabilities 
0
35,158
0
0
21,754
30,307
22,711
30,945
35,007
31,012
27,414
29,522
29,087
35,023
33,731
34,694
32,923
39,063
38,131
45,655
40,782
46,137
64,691
57,835
59,969
68,016
74,175
35,030
28,467
37,917
37,075
25,001
22,682
25,928
22,831
27,608
23,742
29,545
32,799
36,646
42,852
42,440
42,44042,85236,64632,79929,54523,74227,60822,83125,92822,68225,00137,07537,91728,46735,03074,17568,01659,96957,83564,69146,13740,78245,65538,13139,06332,92334,69433,73135,02329,08729,52227,41431,01235,00730,94522,71130,30721,7540035,1580
       Short-term Debt 
0
0
0
0
910
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,443
4,442
9,523
12,064
10,599
9,213
2,999
4,106
2,787
3,503
4,368
4,976
5,286
5,499
5,525
8,226
7,104
10,120
9,293
14,496
14,4969,29310,1207,1048,2265,5255,4995,2864,9764,3683,5032,7874,1062,9999,21310,59912,0649,5234,4424,443000000000000000009100000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,988
7,161
6,377
837
2,083
693
1,462
2,027
1,886
2,183
2,277
2,338
5,463
3,698
6,829
6,239
0
06,2396,8293,6985,4632,3382,2772,1831,8862,0271,4626932,0838376,3777,1617,9880000000000000000000000000
       Accounts payable 
0
6,219
0
0
2,417
5,213
3,277
7,588
9,126
6,576
5,549
7,348
6,944
8,792
9,391
6,153
4,676
10,610
6,719
9,109
6,866
6,785
11,183
13,850
9,242
10,596
21,869
6,216
4,694
3,267
10,174
10,098
6,598
7,148
4,470
9,144
4,955
3,727
8,696
6,240
8,039
5,935
5,9358,0396,2408,6963,7274,9559,1444,4707,1486,59810,09810,1743,2674,6946,21621,86910,5969,24213,85011,1836,7856,8669,1096,71910,6104,6766,1539,3918,7926,9447,3485,5496,5769,1267,5883,2775,2132,417006,2190
       Other Current Liabilities 
0
28,939
0
0
18,427
25,094
19,434
23,357
25,881
24,436
21,865
22,174
22,143
26,231
24,340
28,541
28,247
28,453
31,412
36,546
33,916
39,352
49,065
39,543
41,204
45,356
41,707
19,601
20,774
30,544
24,114
11,400
11,716
13,802
13,075
12,965
13,262
17,592
16,999
4,891
10,467
22,009
22,00910,4674,89116,99917,59213,26212,96513,07513,80211,71611,40024,11430,54420,77419,60141,70745,35641,20439,54349,06539,35233,91636,54631,41228,45328,24728,54124,34026,23122,14322,17421,86524,43625,88123,35719,43425,09418,4270028,9390
   > Long-term Liabilities 
0
1,599
0
0
1,334
1,454
1,454
1,455
1,455
295
270
243
218
192
178
154
127
88
62
36
25
12
6,713
5,654
4,727
4,018
3,020
2,650
2,174
1,717
10,357
9,000
8,142
8,609
7,352
6,334
5,019
8,956
8,350
5,228
6,472
6,180
6,1806,4725,2288,3508,9565,0196,3347,3528,6098,1429,00010,3571,7172,1742,6503,0204,0184,7275,6546,71312253662881271541781922182432702951,4551,4551,4541,4541,334001,5990
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
-1
0
0
0
0
0
0
0
1
0
-1
0
0
0
0
0000-1010000000-1100000000000000000000000000
> Total Stockholder Equity
0
6,763
0
0
7,601
38,182
35,842
32,457
31,882
30,955
25,254
19,755
17,054
46,603
42,439
35,480
30,186
24,493
15,960
47,221
43,991
38,760
35,916
29,257
27,340
17,263
7,402
44,336
33,253
45,458
34,711
88,364
73,672
59,239
48,037
37,365
26,513
21,346
14,017
12,132
4,009
13,797
13,7974,00912,13214,01721,34626,51337,36548,03759,23973,67288,36434,71145,45833,25344,3367,40217,26327,34029,25735,91638,76043,99147,22115,96024,49330,18635,48042,43946,60317,05419,75525,25430,95531,88232,45735,84238,1827,601006,7630
   Common Stock
0
100
0
0
500
500
630
630
630
630
630
630
630
693
693
693
693
693
693
746
748
748
761
761
761
761
761
761
761
837
837
983
983
983
983
983
983
983
983
1,045
1,045
1,183
1,1831,0451,045983983983983983983983983837837761761761761761761761748748746693693693693693693630630630630630630630500500001000
   Retained Earnings Total Equity000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,591
2,138
1,835
1,345
1,3451,8352,1381,59100000000000000000000000000000000000000
   Capital Surplus 000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
6,663
0
0
7,101
39,753
4,754
4,753
4,753
39,623
39,623
39,623
39,623
74,521
74,489
74,529
74,510
75,248
75,782
115,852
116,831
118,848
121,947
121,983
122,272
122,030
122,448
122,002
122,043
144,323
144,945
209,133
210,166
210,288
210,395
210,508
210,455
211,157
209,720
215,067
217,316
234,026
234,026217,316215,067209,720211,157210,455210,508210,395210,288210,166209,133144,945144,323122,043122,002122,448122,030122,272121,983121,947118,848116,831115,85275,78275,24874,51074,52974,48974,52139,62339,62339,62339,6234,7534,7534,75439,7537,101006,6630



Balance Sheet

All numbers in thousands.




Cash Flow

Currency in SEK. All numbers in thousands.




Income Statement

Currency in SEK. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue36,293
Cost of Revenue-65,991
Gross Profit-29,698-29,698
 
Operating Income (+$)
Gross Profit-29,698
Operating Expense-78,128
Operating Income-29,698-107,826
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense78,1280
 
Net Interest Income (+$)
Interest Income0
Interest Expense-2,124
Other Finance Cost-539
Net Interest Income-1,585
 
Pretax Income (+$)
Operating Income-29,698
Net Interest Income-1,585
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-31,611-27,785
EBIT - interestExpense = -31,822
-31,611
-29,839
Interest Expense2,124
Earnings Before Interest and Taxes (EBIT)-29,698-29,487
Earnings Before Interest and Taxes (EBITDA)-14,564
 
After tax Income (+$)
Income Before Tax-31,611
Tax Provision-234
Net Income From Continuing Ops-31,263-31,845
Net Income-31,963
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses65,991
Total Other Income/Expenses Net-1,9131,585
 

Technical Analysis of Freja eID Group AB
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 Freja eID Group AB. The general trend of Freja eID Group AB is BULLISH with 57.1% 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 Freja eID Group AB'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 (57.1%) Bearish trend (-57.1%)
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 Freja eID Group AB.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 8.08 < 8.08 < 8.28.

The bearish price targets are: 6.9 > 6.86 > 6.5.

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Freja eID Group AB 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 Freja eID Group AB. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above 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 higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher 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 higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above 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

Freja eID Group AB 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 Freja eID Group AB. The current macd is -0.03667351.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Freja eID Group AB price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Freja eID Group AB. 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 Freja eID Group AB 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 up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Freja eID Group AB Daily Moving Average Convergence/Divergence (MACD) ChartFreja eID Group AB 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 Freja eID Group AB. The current adx is 13.50.

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

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Freja eID Group AB shares, leading to potential upward 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.
Freja eID Group AB 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 Freja eID Group AB. The current sar is 8.28621665.

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
Freja eID Group AB 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 Freja eID Group AB. The current rsi is 50.36. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Freja eID Group AB Daily Relative Strength Index (RSI) ChartFreja eID Group AB 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 Freja eID Group AB. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 3/(-6 +6).

  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Freja eID Group AB price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Freja eID Group AB Daily Stochastic Oscillator ChartFreja eID Group AB 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 Freja eID Group AB. The current cci is -18.90756303.

Freja eID Group AB Daily Commodity Channel Index (CCI) ChartFreja eID Group AB 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 Freja eID Group AB. The current cmo is 3.89202043.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Freja eID Group AB Daily Chande Momentum Oscillator (CMO) ChartFreja eID Group AB 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 Freja eID Group AB. The current willr is -50.

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

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Freja eID Group AB is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Freja eID Group AB Daily Williams %R ChartFreja eID Group AB 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 Freja eID Group AB.

Freja eID Group AB 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 Freja eID Group AB. The current atr is 0.42720045.

Freja eID Group AB Daily Average True Range (ATR) ChartFreja eID Group AB 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 Freja eID Group AB. The current obv is -3,266,804.

Freja eID Group AB Daily On-Balance Volume (OBV) ChartFreja eID Group AB 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 Freja eID Group AB. The current mfi is 68.99.

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

  • MFI > 50: +1
Freja eID Group AB Daily Money Flow Index (MFI) ChartFreja eID Group AB Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Freja eID Group AB.

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
2023-11-08MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-07CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-29WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-10RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-12ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-23RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI 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
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

Freja eID Group AB Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Freja eID Group AB based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5050.361
Ma 20Greater thanMa 507.693
Ma 50Greater thanMa 1007.962
Ma 100Greater thanMa 2007.257
OpenGreater thanClose7.640
Total3/5 (60.0%)
Penke

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