(NOTE) NOTE - Ratings and Ratios

NOTE AB (publ) is a leading provider of electronics manufacturing services (EMS) with a global footprint, operating in multiple countries including Sweden, Finland, the UK, Bulgaria, Estonia, China, and others. The company collaborates closely with its customers to deliver comprehensive production technology services, encompassing component selection, test equipment development, prototyping, and serial production. NOTE ABs product offerings include PCBA (Printed Circuit Board Assembly) production, subassemblies, and box build products, catering to diverse industries such as medtech, greentech, industrial, and communication sectors.

With a history dating back to 1990, NOTE AB has established itself as a key player in the EMS industry, leveraging its expertise in development, sourcing, logistics, contract manufacturing, and after-sales services to drive customer satisfaction. The companys headquarters is located in Stockholm, Sweden, and it maintains a strong online presence through its website at https://www.note-ems.com.

From a technical analysis perspective, NOTEs stock price is currently at 154.50 SEK, indicating a potential buying opportunity given its proximity to the 52-week low of 106.70 SEK and the SMA200 at 141.78 SEK. The stocks short-term moving averages (SMA20 and SMA50) are above the current price, suggesting a potential resistance level. However, the Average True Range (ATR) of 5.48 SEK (3.54%) indicates moderate volatility, and the stocks price movement is likely to be influenced by its proximity to the 52-week high of 173.32 SEK.

Fundamentally, NOTE ABs market capitalization stands at 4665.61M SEK, with a price-to-earnings (P/E) ratio of 18.53 and a forward P/E of 15.58, indicating a relatively stable valuation. The companys return on equity (RoE) is 15.59%, suggesting a decent level of profitability. By combining the technical and fundamental data, a potential forecast for NOTE ABs stock price could be a gradual increase towards the SMA20 and SMA50 levels in the short term, driven by the companys stable financials and the growing demand for EMS services in various industries.

Based on the analysis, a possible trading strategy could involve buying NOTE ABs stock at the current price, with a target price of 162.83 SEK (SMA50) and a stop-loss at 146.02 SEK (154.50 - 5.48 ATR). This strategy is contingent upon the stocks ability to break through the resistance level at SMA20 and SMA50, and the overall market conditions remaining favorable for the EMS industry.