(VIANEWS) – The Market ended the session with NEL (NEL.OL) rising 9.39% to kr6.92 on Friday, following the last session’s upward trend. Oslo Børs Benchmark Index_GI jumped 1.35% to kr1,434.43, after two consecutive sessions in a row of gains, on what was an all-around bullish trend exchanging session today.
NEL’s last close was kr6.33, 54.98% under its 52-week high of kr14.06.
About NEL
Nel ASA, a hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment manufactures hydrogen fueling stations for fuel cell electric vehicles, such as cars, buses, trucks, and other on-road vehicles. The Nel Hydrogen Electrolyser segment supplies hydrogen production equipment based on alkaline and proton exchange membrane water electrolysis technology. It serves industries, energy, and gas companies. The company was formerly known as DiaGenic ASA and changed its name to Nel ASA in October 2014. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway.
Earnings Per Share
As for profitability, NEL has a trailing twelve months EPS of kr-0.41.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -10.47%.
Yearly Top and Bottom Value
NEL’s stock is valued at kr6.92 at 22:39 EST, way below its 52-week high of kr14.06 and way higher than its 52-week low of kr4.23.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 65% and 50%, respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, NEL’s stock is considered to be oversold (<=20).
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