(NEWA-B) New Wave (publ) - Ratings and Ratios

New Wave Group AB (publ) is a multinational company that designs, acquires, and develops brands across various sectors, including corporate, sports, gifts, and home furnishings. With a presence in multiple regions, including Sweden, the United States, Central Europe, and others, the company operates through three main segments: Corporate, Sports & Leisure, and Gifts & Home Furnishings. The companys diverse portfolio includes well-known brands such as Cutter & Buck, Craft, and Orrefors, among others.

The Corporate segment is a significant contributor, offering a range of products including promowear, promotional gifts, and work wear under various brands. The Sports & Leisure segment caters to the sports and fashion industries with clothing and shoes under brands like AHEAD and Kate Lord. Meanwhile, the Gifts & Home Furnishings segment provides gifts and home furnishing products under brands such as Sagaform and Kosta Boda. With a history dating back to 1989, the company is headquartered in Gothenburg, Sweden, and has established itself as a major player in its respective markets.

From a technical analysis perspective, NEWA-Bs stock price is currently at 121.80 SEK, with a 20-day Simple Moving Average (SMA) of 118.83 SEK and a 50-day SMA of 106.78 SEK, indicating a positive trend. The Average True Range (ATR) is 3.54, representing a 2.90% volatility. Given the current price is near its 52-week high of 123.20 SEK, we can expect some consolidation or a potential pullback. However, with the SMA20 and SMA50 indicating an upward trend, a reasonable forecast is that the stock will continue to move upwards, potentially reaching 130 SEK in the short term.

Fundamentally, New Wave Group AB has a market capitalization of 15,497.80M SEK, with a Price-to-Earnings (P/E) ratio of 17.15 and a Return on Equity (RoE) of 13.26%. These metrics suggest that the company is relatively stable and profitable. Combining this with the technical analysis, a forecast for NEWA-B is that it will maintain its upward trajectory, driven by its strong brand portfolio and stable financials. A potential target price could be around 140 SEK, representing a 15% increase from current levels, assuming the company continues to perform well and the overall market conditions remain favorable.