(BTCX) Goobit - Ratings and Ratios

Goobit Group AB is a Swedish company that operates a cryptocurrency exchange, facilitating the trading of digital currencies and offering related services. Under the brand names BTCX Express and Standard BTCX, it enables the exchange of Swedish kronor and euros. The companys clientele includes private individuals, retail traders, and e-commerce businesses. Founded in 2012, Goobit Group AB is headquartered in Stockholm, Sweden, and its services are accessible via its website at https://www.goobit.se.

As a player in the Financial Exchanges & Data sub-industry, Goobit Group ABs stock (BTCX) is listed on the Stockholm exchange. The companys market presence is characterized by its common stock listing, and its operations are centered in Sweden. With a history dating back to 2012, Goobit has established itself as a relatively early mover in the cryptocurrency exchange space.

Analyzing the available technical data, the stocks last price is 0.10 SEK, with its 20-day and 50-day simple moving averages (SMA) also at 0.10 SEK, indicating a stable short-term trend. However, the 200-day SMA stands at 0.14 SEK, suggesting a longer-term downtrend. The Average True Range (ATR) is 0.01, representing an 8.93% volatility. The stocks 52-week high and low are 0.26 SEK and 0.08 SEK, respectively, indicating a significant price range over the past year.

From a fundamental perspective, Goobit Group ABs market capitalization is approximately 42.71 million SEK. The absence of a price-to-earnings (P/E) ratio, both current and forward, suggests that the company is not profitable. The return on equity (RoE) stands at -16.70%, further indicating negative profitability.

Forecasting the stocks performance based on the available technical and fundamental data, the outlook appears challenging. The lack of profitability, as indicated by the negative RoE and the absence of a P/E ratio, raises concerns about the companys financial health. Technically, the stock is trading below its 200-day SMA, and while the short-term SMAs suggest stability, the overall trend appears bearish. Given the ATR and the 52-week price range, the stock may continue to experience volatility. Therefore, it is likely that the stock will face downward pressure unless the company demonstrates a clear path to profitability and improves its financial fundamentals.