(FRILAN) Invoicery - Ratings and Ratios

Invoicery Group AB, traded as FRILAN on the Stockholm stock exchange, is a Swedish company founded in 2014 and headquartered in Uppsala. The company operates under the brand Frilans Finans, with its official website being https://www.frilansfinans.se. Frilans Finans provides financial services, likely focusing on freelance or contract workers, given the translation of frilans to freelance in English.

Analyzing the companys stock, its categorized under the industry of Shell Companies, though this categorization may not fully capture its operational scope. The stocks performance and financial health can be assessed through various technical and fundamental indicators. Notably, the companys market presence is significant within the Swedish market.

From a technical standpoint, the stock has shown a positive trend, with its last price recorded at 5.00 SEK. The stocks moving averages (SMA20 at 4.93, SMA50 at 4.66, and SMA200 at 4.19) indicate a bullish trend, as the short-term averages are above the long-term average. The Average True Range (ATR) of 0.28, or 5.65%, suggests moderate volatility. The stock has traded within a 52-week range of 2.93 to 5.15, indicating a significant increase from its low.

Fundamentally, Invoicery Group AB has a market capitalization of 146.68M SEK, with a Price-to-Earnings (P/E) ratio of 14.85. The absence of a forward P/E ratio and Return on Equity (RoE) data may indicate either a lack of available forecasts or the companys financials not being comprehensively analyzed by the market. The P/E ratio suggests that the stock might be reasonably valued relative to its earnings, but a detailed comparison with industry peers is necessary for a more informed assessment.

Forecasting the stocks future performance involves integrating both technical and fundamental analyses. Given the bullish trend indicated by the moving averages and the stocks recent price action above these averages, theres a potential for continued upward momentum. However, the moderate volatility, as indicated by the ATR, suggests that the stocks price could fluctuate significantly. With a P/E ratio of 14.85, the stock appears to be valued reasonably relative to its current earnings. If the company can maintain or grow its earnings, the stock could see further appreciation. A potential target could be a level above its 52-week high of 5.15, possibly around 5.50-6.00, assuming the current trend continues and volatility remains managed. Conversely, a drop below the SMA50 could indicate a reversal in the bullish trend, with a potential downside towards the SMA200 at 4.19.