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Few companies on the Oslo Stock Exchange were more affected by the crown crisis than auto parts maker Kongsberg Automotive (KOA).
When the big automakers had to close their factories, sales to KOA also plummeted. It also led to a total collapse on the Oslo Stock Exchange, which was further strengthened when the price had to be sent to the base to bring in a 1 billion kroner rescue package. So far this year, the turnout has dropped about 80 percent.
Aksjeanalyser.com, offering comprehensive independent analysis services for Nordic investors, today took a closer look at one of the most bombed stocks on the entire Oslo Stock Exchange, Kongsberg Automotive (KOA).
Aksjeanalyser.com had a positive analysis of this participation about a month and a half ago, and feel free to read the case here from October 9, 2020: “The participation bombed can be multiplied by five at record speed”
At that time, on October 9, 2020, and when the KOA stock was hovering around NOK 0.145, Aksjeanalyser.com wrote in its analysis of the stock, among other things:
“Aksjeanalyser.com now sees great potential for this bombed action, both in the short and medium term.”
At that time, on October 9, 2020, KOA’s share was around NOK 0.145.
Now, on Friday, November 27, 2020, KOA’s stock ended at NOK 0.262 and has thus risen a solid 80 percent in just a month and a half.
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Aksjeanalyser.com still has a lot of faith in Kongsberg Automotive (ticker on the Oslo Stock Exchange: KOA), and now sees a potential for the action of up to 0.90 NOK in 3 months and up to 1.50 – 2.00 NOK in 12 months.
Therefore, Aksjeanalyser.com believes that the stock may have the potential to double in the next 3-12 months.
Therefore, Aksjeanalyser.com chose last week to include KOA in its model portfolio for Norway and with a 20 percent weighting in the stock.
Aksjeanalyser.com’s model portfolio for Norway has risen a solid 67.27% since inception on 08/20/2018, while the Oslo Børs Benchmark index in the same period from 08/20/2018 has risen 5.56%.
Also read: “Green stocks may face a new spring”
Finansavisen [30.10.2020]:
Record outlook for stock market loser Kongsberg Automotive (KOA)
– Never before has the outlook for the first quarter looked better at this time of year, said CFO Norbert Loers of Kongsberg Automotive in the quarterly presentation on Friday 10/30/2020.
– We have a very strong order book and we also see that October, which will soon be ending, will be a strong month, said CFO and Acting CEO Norbert Loers in the quarterly presentation on Friday 10/30/2020. – And when we look at the first quarter of next year, it has never looked so good this time of year before, he added.
Feel free to read the full case on Finansavisen here …
Kongsberg Automotive ASA (ticker on the Oslo Stock Exchange: KOA)
Kongsberg Automotive is a listed company on the Oslo Stock Exchange with revenues of around 1.1 billion euros and has more than 25 production plants in 19 countries on all continents. The company provides system solutions to vehicle manufacturers around the world and has more than 10,500 employees. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies and industrial driver interface products developed for global vehicle manufacturers.
Source: Kongsberg Automotive ASA – Last update: 11/21/2020
Here are some useful links for more information about the company and such as: share price, company news, financial information, key figures, accounts, financial calendar, earnings reports, etc.
Investor Relations website Oslo Børs Nordnet Morningstar
Technical analysis of Kongsberg Automotive ASA (ticker on the Oslo Stock Exchange: KOA):
Kongsberg Automotive ASA (ticker on the Oslo Stock Exchange: KOA) is a fully bombed stock on the Oslo Stock Exchange, and it recently had to carry out a major share issue to save the company from bankruptcy.
Even after a significant rally recently from a low of around NOK 0.12 and through Friday a closing price of NOK 0.262, yes, the stock is still down around 80 percent so far this year.
As Aksjeanalyser.com wrote in its previous analysis of Kongsberg Automotive (KOA), and when the stock was hovering around NOK 0.145, now may be the right time to buy the stock and around these levels.
Feel free to read too: “Bitcoin has extreme potential now”
The stake is up 80 percent since Aksjeanalyser.com’s previous positive analysis of KOA’s stock a month and a half ago, but the stake may still have the potential to double, and preferably in just a few months.
The stock has triggered several positive technical signals recently.
The KOA action, among other things, has triggered a strong technical buy signal after breaking a very important technical resistance level in the area around NOK 0.20 – 0.23 (cf. daily chart).
Furthermore, a positive trend for the stock has now been established, and where the stock now finds good technical support both at the lower trend line in this rising trend and also at the support level around NOK 0.23.
The stock also broke down and settled above the 50-day moving average, and the 50-day moving average shows an upward trend. This helps confirm that both the short and medium-term trend of the stock has turned positive.
Aksjeanalyser.com’s own technical and quantitative analysis model, SignalListen, is also on the buy signal for the KOA stock now, and having been on the sell signal for the stock since early March 2020, when the stock was around NOK 1.00 (see diagram ‘SignalListen’).
The very positive overall technical outlook for the KOA stock now indicates a further rally up to NOK 0.90, and preferably within the next 3 months.
In the event of a breakout above the NOK 0.90 level, new strong positive technical signals will be triggered for the stock, which will then have a potential up to NOK 1.50 – 2.00 within 12 months.
Based on this very positive overall technical outlook for Kongsberg Automotive (Oslo Stock Exchange ticker: KOA), Aksjeanalyser.com today repeats its previous positive analysis of the stock and therefore sees a possible multiplication of the stock. action in just a few months.
Additionally, the share potential is considered to be NOK 1.50-2.00 within 12 months. Therefore, Aksjeanalyser.com sees opportunities for a five-fold increase, and perhaps more, for KOA participation over the next 12 months.
What could change this very positive technical outlook today for Kongsberg Automotive (KOA) will be if the stock falls below the now important technical support level around NOK 0.20 and below the 50-day moving average.
Finally, it should be mentioned that the stock is volatile (it fluctuates a lot) so, naturally, it also involves high risk when investing in the stock.
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Also read the case: “Aksjeanalyser.com is currently initiating a collaboration with the Norwegian cryptocurrency exchange Norwegian Block Exchange (NBX), and NBX, among other things, will deliver many interesting articles and cases about cryptocurrencies, etc. for future Aksjeanalyser.com members and readers. So Aksjeanalyser.com will provide a lot of analysis of cryptocurrencies like bitcoin etc. move on now. “
Technical analysis of Kongsberg Automotive ASA (ticker on the Oslo Stock Exchange: KOA):
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