SCATEC Stock Bullish Momentum With A 9.98% Rise Today

(VIANEWS) – The Market ended the session with SCATEC (SCATC.OL) jumping 9.98% to kr81.55 on Wednesday while Oslo Børs Benchmark Index_GI jumped 0.24% to kr1,371.21.

SCATEC’s last close was kr81.55, 4.62% under its 52-week high of kr85.50.

About SCATEC

Scatec ASA, together with its subsidiaries, provides renewable energy solutions worldwide. The company operates through Power Production; Services; and Development & Construction segments. It produces and sells solar, winds, and hydro generated electricity. The company also develops, builds, owns, and operates solar, wind, and hydro power plants and storage solutions. The company is also involved in the engineering, procurement, and construction, as well as operation, maintenance, and asset management of power plants. It has a total of 4.2 GW in operation and under construction. The company was formerly known as Scatec Solar ASA and changed its name to Scatec ASA in November 2020. Scatec ASA was incorporated in 2007 and is headquartered in Oslo, Norway.

Earnings Per Share

As for profitability, SCATEC has a trailing twelve months EPS of kr4.24.

PE Ratio

SCATEC has a trailing twelve months price to earnings ratio of 19.23. Meaning, the purchaser of the share is investing kr19.23 for every norwegian krone of annual earnings.

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 11.58%.

Volume

Today’s last reported volume for SCATEC is 1714740 which is 443.47% above its average volume of 315515.

Sales Growth

SCATEC’s sales growth is 33.2% for the present quarter and negative 14% for the next.

Volatility

SCATEC’s last week, last month’s, and last quarter’s current intraday variation average was 3.96%, 0.63%, and 2.33%.

SCATEC’s highest amplitude of average volatility was 3.96% (last week), 3.04% (last month), and 2.33% (last quarter).

More news about SCATEC (SCATC.OL).

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