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Nitro Games Oyj
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Let's analyse Nitro Games Oyj together

PenkeI guess you are interested in Nitro Games Oyj. 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 Nitro Games Oyj. 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 Nitro Games Oyj (30 sec.)










What can you expect buying and holding a share of Nitro Games Oyj? (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?
6.5%

What is your share worth?

Current worth
kr0.61
Expected worth in 1 year
kr0.72
How sure are you?
35.5%

+ What do you gain per year?

Total Gains per Share
kr0.11
Return On Investment
2.7%

For what price can you sell your share?

Current Price per Share
kr4.14
Expected price per share
kr2.83 - kr5.6
How sure are you?
50%

1. Valuation of Nitro Games Oyj (5 min.)




Live pricePrice per Share (EOD)

kr4.14

Intrinsic Value Per Share

kr-53.96 - kr-64.15

Total Value Per Share

kr-53.36 - kr-63.54

2. Growth of Nitro Games Oyj (5 min.)




Is Nitro Games Oyj growing?

Current yearPrevious yearGrowGrow %
How rich?$1.4m$2.4m-$2m-505.0%

How much money is Nitro Games Oyj making?

Current yearPrevious yearGrowGrow %
Making money-$1.1m-$878.8k-$244.6k-21.8%
Net Profit Margin-48.8%-60.9%--

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

3. Financial Health of Nitro Games Oyj (5 min.)




4. Comparing to competitors in the Electronic Gaming & Multimedia industry (5 min.)




  Industry Rankings (Electronic Gaming & Multimedia)  


Richest
#117 / 131

Most Revenue
#108 / 131

Most Profit
#88 / 131

Most Efficient
#106 / 131

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

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

What can you expect buying and holding a share of Nitro Games Oyj?

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

Speculation

The Price per Share of Nitro Games Oyj is kr4.14. 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 Nitro Games Oyj.
  • 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 Nitro Games Oyj, 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 kr0.03 per quarter. Based on the YOY, the Book Value Change Per Share is kr-0.16 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 Nitro Games Oyj.

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-0.09-2.2%-0.05-1.2%-0.03-0.8%-0.04-1.0%-0.04-0.9%
Usd Book Value Change Per Share0.092.1%0.000.1%-0.01-0.4%0.000.0%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 Share0.092.1%0.000.1%-0.01-0.4%0.000.0%0.000.0%
Usd Price Per Share0.26-0.76-2.05-1.44-1.86-
Price to Earnings Ratio-0.70--6.94--28.50--13.28--14.01-
Price-to-Total Gains Ratio3.04--53.61--583.57--140.65-421.94-
Price to Book Ratio4.56-28.04-26.11-19.29-22.88-
Price-to-Total Gains Ratio3.04--53.61--583.57--140.65-421.94-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.38916
Number of shares2569
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (2569 shares)6.820.94
Gains per Year (2569 shares)27.263.76
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10271704-6
20554408-2
3082710112
40109980156
5013612501910
6016415202314
7019117902618
8021820603022
9024523303426
10027326003830

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%0.031.00.00.0%0.031.00.00.0%
Book Value Change Per Share1.03.00.025.0%3.09.00.025.0%6.014.00.030.0%10.018.03.032.3%10.018.03.032.3%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%2.00.029.06.5%2.00.029.06.5%
Total Gains per Share1.03.00.025.0%3.09.00.025.0%6.014.00.030.0%11.018.02.035.5%11.018.02.035.5%

Fundamentals of Nitro Games Oyj

About Nitro Games Oyj

Nitro Games Oyj develops and publishes games for mobiles worldwide. It also provides development services to third parties in the form of contracting work. The company was incorporated in 2007 and is headquartered in Kotka, Finland.

Fundamental data was last updated by Penke on 2024-03-11 10:47:03.

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 Nitro Games Oyj.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Nitro Games Oyj earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Nitro Games Oyj to the Electronic Gaming & Multimedia industry mean.
  • A Net Profit Margin of -83.3% means that kr-0.83 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Nitro Games Oyj:

  • The MRQ is -83.3%. The company is making a huge loss. -2
  • The TTM is -48.8%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-83.3%TTM-48.8%-34.6%
TTM-48.8%YOY-60.9%+12.1%
TTM-48.8%5Y-594.9%+546.1%
5Y-594.9%10Y-476.0%-118.9%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ-83.3%-4.0%-79.3%
TTM-48.8%1.1%-49.9%
YOY-60.9%3.0%-63.9%
5Y-594.9%0.9%-595.8%
10Y-476.0%1.9%-477.9%
1.1.2. Return on Assets

Shows how efficient Nitro Games Oyj is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Nitro Games Oyj to the Electronic Gaming & Multimedia industry mean.
  • -23.9% Return on Assets means that Nitro Games Oyj generated kr-0.24 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Nitro Games Oyj:

  • The MRQ is -23.9%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -11.9%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-23.9%TTM-11.9%-12.0%
TTM-11.9%YOY-14.4%+2.5%
TTM-11.9%5Y-17.5%+5.6%
5Y-17.5%10Y-18.8%+1.3%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ-23.9%-0.6%-23.3%
TTM-11.9%0.1%-12.0%
YOY-14.4%0.7%-15.1%
5Y-17.5%0.3%-17.8%
10Y-18.8%0.9%-19.7%
1.1.3. Return on Equity

Shows how efficient Nitro Games Oyj is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Nitro Games Oyj to the Electronic Gaming & Multimedia industry mean.
  • -162.4% Return on Equity means Nitro Games Oyj generated kr-1.62 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Nitro Games Oyj:

  • The MRQ is -162.4%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -93.8%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-162.4%TTM-93.8%-68.7%
TTM-93.8%YOY-44.5%-49.3%
TTM-93.8%5Y-50.2%-43.6%
5Y-50.2%10Y-45.6%-4.5%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ-162.4%-0.4%-162.0%
TTM-93.8%0.2%-94.0%
YOY-44.5%1.2%-45.7%
5Y-50.2%0.6%-50.8%
10Y-45.6%1.5%-47.1%

1.2. Operating Efficiency of Nitro Games Oyj.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Nitro Games Oyj is operating .

  • Measures how much profit Nitro Games Oyj 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 Nitro Games Oyj to the Electronic Gaming & Multimedia industry mean.
  • An Operating Margin of -73.3% means the company generated kr-0.73  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Nitro Games Oyj:

  • The MRQ is -73.3%. The company is operating very inefficient. -2
  • The TTM is -46.9%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-73.3%TTM-46.9%-26.4%
TTM-46.9%YOY-60.6%+13.7%
TTM-46.9%5Y-594.4%+547.6%
5Y-594.4%10Y-474.6%-119.8%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ-73.3%-3.5%-69.8%
TTM-46.9%1.6%-48.5%
YOY-60.6%5.8%-66.4%
5Y-594.4%3.7%-598.1%
10Y-474.6%3.9%-478.5%
1.2.2. Operating Ratio

Measures how efficient Nitro Games Oyj is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electronic Gaming & Multimedia industry mean).
  • An Operation Ratio of 1.73 means that the operating costs are kr1.73 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Nitro Games Oyj:

  • The MRQ is 1.733. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.469. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.733TTM1.469+0.264
TTM1.469YOY1.605-0.136
TTM1.4695Y6.930-5.461
5Y6.93010Y5.645+1.285
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7331.230+0.503
TTM1.4691.171+0.298
YOY1.6051.050+0.555
5Y6.9301.083+5.847
10Y5.6451.005+4.640

1.3. Liquidity of Nitro Games Oyj.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Nitro Games Oyj is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Electronic Gaming & Multimedia industry mean).
  • A Current Ratio of 0.93 means the company has kr0.93 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Nitro Games Oyj:

  • The MRQ is 0.932. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.728. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.932TTM0.728+0.204
TTM0.728YOY2.336-1.608
TTM0.7285Y3.285-2.557
5Y3.28510Y3.153+0.132
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9322.274-1.342
TTM0.7282.347-1.619
YOY2.3362.717-0.381
5Y3.2852.717+0.568
10Y3.1532.644+0.509
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Nitro Games Oyj to the Electronic Gaming & Multimedia industry mean.
  • A Quick Ratio of 0.86 means the company can pay off kr0.86 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Nitro Games Oyj:

  • The MRQ is 0.859. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.657. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.859TTM0.657+0.202
TTM0.657YOY2.303-1.646
TTM0.6575Y3.115-2.458
5Y3.11510Y2.641+0.474
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8591.329-0.470
TTM0.6571.704-1.047
YOY2.3031.722+0.581
5Y3.1151.940+1.175
10Y2.6411.864+0.777

1.4. Solvency of Nitro Games Oyj.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Nitro Games Oyj assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Nitro Games Oyj to Electronic Gaming & Multimedia industry mean.
  • A Debt to Asset Ratio of 0.85 means that Nitro Games Oyj assets are financed with 85.3% credit (debt) and the remaining percentage (100% - 85.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Nitro Games Oyj:

  • The MRQ is 0.853. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.955. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.853TTM0.955-0.102
TTM0.955YOY0.635+0.319
TTM0.9555Y0.606+0.349
5Y0.60610Y0.498+0.109
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8530.280+0.573
TTM0.9550.312+0.643
YOY0.6350.281+0.354
5Y0.6060.306+0.300
10Y0.4980.333+0.165
1.4.2. Debt to Equity Ratio

Measures if Nitro Games Oyj is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Nitro Games Oyj to the Electronic Gaming & Multimedia industry mean.
  • A Debt to Equity ratio of 578.4% means that company has kr5.78 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Nitro Games Oyj:

  • The MRQ is 5.784. The company is unable to pay all its debts with equity. -1
  • The TTM is 10.611. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ5.784TTM10.611-4.827
TTM10.611YOY2.940+7.671
TTM10.6115Y3.402+7.208
5Y3.40210Y2.431+0.972
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ5.7840.371+5.413
TTM10.6110.391+10.220
YOY2.9400.367+2.573
5Y3.4020.434+2.968
10Y2.4310.412+2.019

2. Market Valuation of Nitro Games Oyj

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 Nitro Games Oyj generates.

  • Above 15 is considered overpriced but always compare Nitro Games Oyj to the Electronic Gaming & Multimedia industry mean.
  • A PE ratio of -0.70 means the investor is paying kr-0.70 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Nitro Games Oyj:

  • The EOD is -1.049. Based on the earnings, the company is expensive. -2
  • The MRQ is -0.702. Based on the earnings, the company is expensive. -2
  • The TTM is -6.943. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.049MRQ-0.702-0.347
MRQ-0.702TTM-6.943+6.241
TTM-6.943YOY-28.496+21.554
TTM-6.9435Y-13.278+6.335
5Y-13.27810Y-14.009+0.731
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD-1.049-0.280-0.769
MRQ-0.702-0.712+0.010
TTM-6.9431.768-8.711
YOY-28.49611.967-40.463
5Y-13.27815.401-28.679
10Y-14.00914.075-28.084
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Nitro Games Oyj:

  • The EOD is -0.783. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -0.524. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -4,126.331. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.783MRQ-0.524-0.259
MRQ-0.524TTM-4,126.331+4,125.807
TTM-4,126.331YOY86.926-4,213.257
TTM-4,126.3315Y-812.073-3,314.258
5Y-812.07310Y-530.276-281.798
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD-0.7830.125-0.908
MRQ-0.5240.134-0.658
TTM-4,126.331-0.799-4,125.532
YOY86.9260.176+86.750
5Y-812.0733.629-815.702
10Y-530.2763.745-534.021
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Electronic Gaming & Multimedia industry mean).
  • A PB ratio of 4.56 means the investor is paying kr4.56 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Nitro Games Oyj:

  • The EOD is 6.815. Based on the equity, the company is overpriced. -1
  • The MRQ is 4.559. Based on the equity, the company is fair priced.
  • The TTM is 28.042. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD6.815MRQ4.559+2.255
MRQ4.559TTM28.042-23.482
TTM28.042YOY26.113+1.928
TTM28.0425Y19.289+8.752
5Y19.28910Y22.878-3.589
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD6.8151.895+4.920
MRQ4.5592.255+2.304
TTM28.0422.251+25.791
YOY26.1132.824+23.289
5Y19.2893.418+15.871
10Y22.8783.606+19.272
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Nitro Games Oyj 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--0.9120.028+3133%-0.156+117%0.004+23364%0.020+4555%
Book Value Per Share--0.6080.176+246%0.889-32%0.895-32%0.815-26%
Current Ratio--0.9320.728+28%2.336-60%3.285-72%3.153-70%
Debt To Asset Ratio--0.8530.955-11%0.635+34%0.606+41%0.498+71%
Debt To Equity Ratio--5.78410.611-45%2.940+97%3.402+70%2.431+138%
Dividend Per Share----0%-0%-0%0.000-100%
Eps---0.987-0.514-48%-0.356-64%-0.425-57%-0.398-60%
Free Cash Flow Per Share---1.322-0.579-56%-0.436-67%-0.358-73%-0.320-76%
Free Cash Flow To Equity Per Share---0.151-0.015-90%-0.207+37%0.013-1271%0.012-1349%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---64.151--------
Intrinsic Value_10Y_min---53.963--------
Intrinsic Value_1Y_max---2.627--------
Intrinsic Value_1Y_min---2.578--------
Intrinsic Value_3Y_max---10.789--------
Intrinsic Value_3Y_min---10.242--------
Intrinsic Value_5Y_max---22.445--------
Intrinsic Value_5Y_min---20.583--------
Market Cap103187016.000+33%69040588.000201773610.870-66%675360509.935-90%408996741.355-83%509126408.614-86%
Net Profit Margin---0.833-0.488-41%-0.609-27%-5.949+614%-4.760+471%
Operating Margin---0.733-0.469-36%-0.606-17%-5.944+711%-4.746+548%
Operating Ratio--1.7331.469+18%1.605+8%6.930-75%5.645-69%
Pb Ratio6.815+33%4.55928.042-84%26.113-83%19.289-76%22.878-80%
Pe Ratio-1.049-49%-0.702-6.943+889%-28.496+3961%-13.278+1792%-14.009+1896%
Price Per Share4.140+33%2.7708.095-66%21.787-87%15.348-82%19.742-86%
Price To Free Cash Flow Ratio-0.783-49%-0.524-4126.331+787407%86.926-101%-812.073+154884%-530.276+101103%
Price To Total Gains Ratio4.538+33%3.036-53.613+1866%-583.568+19320%-140.651+4732%421.938-99%
Quick Ratio--0.8590.657+31%2.303-63%3.115-72%2.641-67%
Return On Assets---0.239-0.119-50%-0.144-40%-0.175-27%-0.188-21%
Return On Equity---1.624-0.938-42%-0.445-73%-0.502-69%-0.456-72%
Total Gains Per Share--0.9120.028+3133%-0.156+117%0.004+23364%0.020+4531%
Usd Book Value--1423365.133411578.004+246%2490026.862-43%2179190.736-35%1963158.914-27%
Usd Book Value Change Per Share--0.0860.003+3133%-0.015+117%0.000+23364%0.002+4555%
Usd Book Value Per Share--0.0570.017+246%0.084-32%0.084-32%0.077-26%
Usd Dividend Per Share----0%-0%-0%0.000-100%
Usd Eps---0.093-0.048-48%-0.033-64%-0.040-57%-0.037-60%
Usd Free Cash Flow---3096439.425-1356091.242-56%-1011979.339-67%-837062.676-73%-749173.101-76%
Usd Free Cash Flow Per Share---0.124-0.054-56%-0.041-67%-0.034-73%-0.030-76%
Usd Free Cash Flow To Equity Per Share---0.014-0.001-90%-0.019+37%0.001-1271%0.001-1349%
Usd Market Cap9699579.504+33%6489815.27218966719.422-66%63483887.934-90%38445693.687-83%47857882.410-86%
Usd Price Per Share0.389+33%0.2600.761-66%2.048-87%1.443-82%1.856-86%
Usd Profit---2311978.908-1123434.002-51%-878823.906-62%-988395.214-57%-927157.484-60%
Usd Revenue--2775185.0512232926.166+24%1666881.054+66%985415.653+182%785266.750+253%
Usd Total Gains Per Share--0.0860.003+3133%-0.015+117%0.000+23364%0.002+4531%
 EOD+6 -2MRQTTM+15 -18YOY+11 -225Y+11 -2210Y+10 -25

3.2. Fundamental Score

Let's check the fundamental score of Nitro Games Oyj based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-1.049
Price to Book Ratio (EOD)Between0-16.815
Net Profit Margin (MRQ)Greater than0-0.833
Operating Margin (MRQ)Greater than0-0.733
Quick Ratio (MRQ)Greater than10.859
Current Ratio (MRQ)Greater than10.932
Debt to Asset Ratio (MRQ)Less than10.853
Debt to Equity Ratio (MRQ)Less than15.784
Return on Equity (MRQ)Greater than0.15-1.624
Return on Assets (MRQ)Greater than0.05-0.239
Total1/10 (10.0%)

3.3. Technical Score

Let's check the technical score of Nitro Games Oyj based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.957
Ma 20Greater thanMa 504.687
Ma 50Greater thanMa 1004.553
Ma 100Greater thanMa 2003.918
OpenGreater thanClose4.170
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in EUR. All numbers in thousands.

Summary
Total Assets8,929
Total Liabilities7,613
Total Stockholder Equity1,316
 As reported
Total Liabilities 7,613
Total Stockholder Equity+ 1,316
Total Assets = 8,929

Assets

Total Assets8,929
Total Current Assets3,066
Long-term Assets5,864
Total Current Assets
Cash And Cash Equivalents 1,809
Net Receivables 1,017
Other Current Assets 239
Total Current Assets  (as reported)3,066
Total Current Assets  (calculated)3,066
+/-0
Long-term Assets
Property Plant Equipment 130
Intangible Assets 5,516
Other Assets 145
Long-term Assets  (as reported)5,864
Long-term Assets  (calculated)5,791
+/- 73

Liabilities & Shareholders' Equity

Total Current Liabilities3,290
Long-term Liabilities4,323
Total Stockholder Equity1,316
Total Current Liabilities
Short-term Debt 869
Short Long Term Debt 815
Accounts payable 1,852
Other Current Liabilities 570
Total Current Liabilities  (as reported)3,290
Total Current Liabilities  (calculated)4,105
+/- 815
Long-term Liabilities
Long term Debt Total 1,742
Long term Debt 3,634
Capital Lease Obligations Min Short Term Debt-734
Long-term Liabilities Other 0
Long-term Liabilities  (as reported)4,323
Long-term Liabilities  (calculated)4,641
+/- 318
Total Stockholder Equity
Common Stock80
Retained Earnings -29,628
Other Stockholders Equity 30,864
Total Stockholder Equity (as reported)1,316
Total Stockholder Equity (calculated)1,316
+/-0
Other
Capital Stock80
Cash and Short Term Investments 1,809
Common Stock Shares Outstanding 18,914
Liabilities and Stockholders Equity 8,929
Net Debt 2,774
Net Invested Capital 5,765
Net Working Capital -225
Property Plant and Equipment Gross 130
Short Long Term Debt Total 4,583



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-31
> Total Assets 
0
0
0
2,967
3,253
3,956
3,306
4,297
3,213
3,238
2,283
4,597
2,966
2,689
2,251
3,486
3,084
7,195
6,164
5,976
8,484
7,969
7,354
7,023
5,845
4,678
9,289
7,952
8,253
8,975
8,929
8,9298,9758,2537,9529,2894,6785,8457,0237,3547,9698,4845,9766,1647,1953,0843,4862,2512,6892,9664,5972,2833,2383,2134,2973,3063,9563,2532,967000
   > Total Current Assets 
0
0
0
735
1,202
2,085
1,592
2,723
1,800
1,981
1,162
3,639
2,171
1,464
863
1,991
1,404
5,363
4,182
3,210
5,554
5,116
4,615
4,269
3,116
1,984
3,911
2,571
2,471
3,066
3,066
3,0663,0662,4712,5713,9111,9843,1164,2694,6155,1165,5543,2104,1825,3631,4041,9918631,4642,1713,6391,1621,9811,8002,7231,5922,0851,202735000
       Cash And Cash Equivalents 
0
0
0
64
351
1,210
672
2,368
1,295
1,423
289
3,260
2,030
1,272
415
1,677
944
5,028
3,979
2,982
5,126
4,626
3,667
3,737
2,436
1,058
1,896
1,597
1,683
2,125
1,809
1,8092,1251,6831,5971,8961,0582,4363,7373,6674,6265,1262,9823,9795,0289441,6774151,2722,0303,2602891,4231,2952,3686721,21035164000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
460
363
230
171
458
521
978
401
680
926
2,015
595
540
766
1,017
1,0177665405952,0159266804019785214581712303634600000000000000000
       Other Current Assets 
0
0
0
45
227
250
295
355
505
558
873
379
141
192
448
314
460
335
202
228
428
491
948
532
680
0
0
378
248
0
239
23902483780068053294849142822820233546031444819214137987355850535529525022745000
   > Long-term Assets 
0
0
0
2,232
2,051
1,871
1,714
1,574
1,413
1,257
1,121
958
795
1,225
1,388
1,495
1,680
1,833
1,982
2,766
2,930
2,853
2,739
2,754
2,729
2,694
5,378
5,381
5,782
5,910
5,864
5,8645,9105,7825,3815,3782,6942,7292,7542,7392,8532,9302,7661,9821,8331,6801,4951,3881,2257959581,1211,2571,4131,5741,7141,8712,0512,232000
       Property Plant Equipment 
0
0
0
3
3
3
3
2
2
2
2
2
2
1
1
1
1
1
1
1
1
1
0
0
0
0
0
0
159
143
130
1301431590000001111111112222223333000
       Intangible Assets 
0
0
0
0
0
0
0
1,555
0
0
0
922
0
0
0
1,466
1,651
1,803
1,954
2,735
2,900
2,822
2,709
2,754
2,729
2,694
5,378
5,381
5,405
5,549
5,516
5,5165,5495,4055,3815,3782,6942,7292,7542,7092,8222,9002,7351,9541,8031,6511,4660009220001,5550000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,803
1,954
5,533
0
0
0
2,123
5,569
0
0
2,260
145
145
145
1451451452,260005,5692,1230005,5331,9541,80300000000000000000
> Total Liabilities 
0
0
0
1,707
2,400
1,077
993
1,049
1,080
1,097
1,135
736
580
991
972
1,519
1,441
3,761
3,666
4,483
4,655
4,911
4,929
3,124
3,078
3,207
8,217
7,444
7,894
9,636
7,613
7,6139,6367,8947,4448,2173,2073,0783,1244,9294,9114,6554,4833,6663,7611,4411,5199729915807361,1351,0971,0801,0499931,0772,4001,707000
   > Total Current Liabilities 
0
0
0
924
1,617
323
261
373
428
468
530
606
469
412
421
532
478
618
529
653
1,009
2,757
2,763
986
1,156
1,673
3,462
3,348
3,633
5,766
3,290
3,2905,7663,6333,3483,4621,6731,1569862,7632,7571,0096535296184785324214124696065304684283732613231,617924000
       Short-term Debt 
0
0
0
75
75
75
75
103
103
203
103
94
94
94
94
94
94
94
100
104
61
1,886
1,878
33
25
420
412
437
482
2,826
869
8692,82648243741242025331,8781,886611041009494949494949410320310310375757575000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
94
100
104
61
1,886
1,878
33
25
420
412
437
425
2,769
815
8152,76942543741242025331,8781,886611041009400000000000000000
       Accounts payable 
0
0
0
52
68
109
87
67
85
32
210
259
124
119
153
229
158
232
226
202
539
401
519
475
592
647
2,553
2,218
2,471
2,100
1,852
1,8522,1002,4712,2182,553647592475519401539202226232158229153119124259210328567871096852000
       Other Current Liabilities 
0
0
0
797
1,474
139
99
203
240
232
218
252
251
200
175
209
226
291
203
347
410
470
366
478
539
606
498
693
680
0
570
5700680693498606539478366470410347203291226209175200251252218232240203991391,474797000
   > Long-term Liabilities 
0
0
0
783
783
755
732
676
652
629
605
131
111
578
551
987
964
3,143
3,137
3,829
3,646
2,153
2,165
2,138
1,922
1,534
4,756
4,096
4,261
3,870
4,323
4,3233,8704,2614,0964,7561,5341,9222,1382,1652,1533,6463,8293,1373,143964987551578111131605629652676732755783783000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,137
3,211
3,211
1,724
1,724
1,691
1,691
1,287
3,287
1,257
1,715
1,312
1,742
1,7421,3121,7151,2573,2871,2871,6911,6911,7241,7243,2113,2113,137000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
618
434
429
442
447
231
1
1,468
839
0
0
0
0008391,46812314474424294346181100000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,803
1,954
2,104
0
0
0
2,123
0
0
0
2,260
0
0
0
0002,2600002,1230002,1041,9541,80300000000000000000
> Total Stockholder Equity
0
0
0
1,260
853
2,878
2,313
3,248
2,133
2,141
1,148
3,860
2,386
1,698
1,279
1,967
1,642
3,434
2,498
1,494
3,829
3,059
2,425
3,900
2,768
1,472
1,072
508
359
-660
1,316
1,316-6603595081,0721,4722,7683,9002,4253,0593,8291,4942,4983,4341,6421,9671,2791,6982,3863,8601,1482,1412,1333,2482,3132,8788531,260000
   Common Stock
0
0
0
3
3
80
80
80
80
80
80
80
80
80
80
80
80
80
80
80
80
80
80
80
80
80
80
80
80
80
80
808080808080808080808080808080808080808080808080808033000
   Retained Earnings Total Equity0000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18,469
20,807
20,807
20,807
24,229
24,229
24,229
26,102
26,115
26,115
26,116
0
0
0
0
000026,11626,11526,11526,10224,22924,22924,22920,80720,80720,80718,4690000000000000000
   Treasury Stock0000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
5,862
5,862
8,500
8,500
11,114
11,114
12,483
12,484
17,069
17,069
17,069
17,069
18,469
18,469
20,807
20,807
20,807
24,229
24,229
24,229
26,102
26,115
26,115
26,116
26,116
26,736
26,764
30,864
30,86426,76426,73626,11626,11626,11526,11526,10224,22924,22924,22920,80720,80720,80718,46918,46917,06917,06917,06917,06912,48412,48311,11411,1148,5008,5005,8625,862000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue8,260
Cost of Revenue-4,616
Gross Profit3,6443,644
 
Operating Income (+$)
Gross Profit3,644
Operating Expense-11,977
Operating Income-3,717-8,334
 
Operating Expense (+$)
Research Development-
Selling General Administrative-
Selling And Marketing Expenses-
Operating Expense11,9770
 
Net Interest Income (+$)
Interest Income-
Interest Expense--
Other Finance Cost-333
Net Interest Income-333
 
Pretax Income (+$)
Operating Income-3,717
Net Interest Income-333
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-4,042-3,717
EBIT - interestExpense = 0
-3,897
-3,897
Interest Expense-
Earnings Before Interest and Taxes (EBIT)--4,042
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-4,042
Tax Provision--
Net Income From Continuing Ops-3,897-4,042
Net Income-3,897
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-333
 

Technical Analysis of Nitro Games Oyj
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 Nitro Games Oyj. The general trend of Nitro Games Oyj is BULLISH with 42.9% 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 Nitro Games Oyj'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 (42.9%) Bearish trend (-42.9%)
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 Nitro Games Oyj.

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: 4.575 < 5.49 < 5.6.

The bearish price targets are: 3.865 > 3.46 > 2.83.

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Nitro Games Oyj 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 Nitro Games Oyj. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-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 higher 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 up: The MA 50 is trending up. +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 down: The MA 200 is trending down. -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

Nitro Games Oyj 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 Nitro Games Oyj. The current macd is -0.16775938.

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 Nitro Games Oyj price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Nitro Games Oyj. 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 Nitro Games Oyj 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
Nitro Games Oyj Daily Moving Average Convergence/Divergence (MACD) ChartNitro Games Oyj 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 Nitro Games Oyj. The current adx is 29.61.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-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 Nitro Games Oyj shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Nitro Games Oyj 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 Nitro Games Oyj. The current sar is 4.5718796.

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
Nitro Games Oyj 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 Nitro Games Oyj. The current rsi is 38.96. The current phase is Correction in bull 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).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Nitro Games Oyj Daily Relative Strength Index (RSI) ChartNitro Games Oyj 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 Nitro Games Oyj. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 2/6.
The longshort score for the Stochastic Oscillator is -2/(-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 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 Nitro Games Oyj price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Nitro Games Oyj Daily Stochastic Oscillator ChartNitro Games Oyj 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 Nitro Games Oyj. The current cci is -78.19361277.

Nitro Games Oyj Daily Commodity Channel Index (CCI) ChartNitro Games Oyj 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 Nitro Games Oyj. The current cmo is -32.53204606.

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
Nitro Games Oyj Daily Chande Momentum Oscillator (CMO) ChartNitro Games Oyj 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 Nitro Games Oyj. The current willr is -81.48148148.

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
Nitro Games Oyj Daily Williams %R ChartNitro Games Oyj 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 Nitro Games Oyj.

Nitro Games Oyj 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 Nitro Games Oyj. The current atr is 0.32879651.

Nitro Games Oyj Daily Average True Range (ATR) ChartNitro Games Oyj 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 Nitro Games Oyj. The current obv is 8,596,072.

Nitro Games Oyj Daily On-Balance Volume (OBV) ChartNitro Games Oyj 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 Nitro Games Oyj. The current mfi is 17.95.

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

  • MFI < 50: -1
  • MFI < 20: -1
Nitro Games Oyj Daily Money Flow Index (MFI) ChartNitro Games Oyj Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Nitro Games Oyj.

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
2023-11-07DMI 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.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-28MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-21CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-27BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-15MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-24CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
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).
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-16WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-25CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside

6.3. Candlestick Patterns

Nitro Games Oyj Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Nitro Games Oyj based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.957
Ma 20Greater thanMa 504.687
Ma 50Greater thanMa 1004.553
Ma 100Greater thanMa 2003.918
OpenGreater thanClose4.170
Total4/5 (80.0%)
Penke

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