With a market capitalization of 61.139 million GBP, Nanoco Group opened its market at 20 GBP on July 14. Considering the previous close of 19.05 GBP, it is an impressive result with a 9.71% gain. However, another side of the coin indicates the rise of the company’s volatility. Indeed, Nanoco’s high beta score is only 0.74. The company might also experience losses as its EPS is -1.80. So, look at the potential risks below before investing in the company.
To note, over the past three months, Nanoco shares were fluctuating with a +/-8% weekly difference. That indicates high volatility: the company’s stability lags 75% of UK companies. Next, NANO’s performance lags the UK semiconductor industry, which brought a 15.4% return over the past year.
According to statistics, there will not be any sufficient profit for Nanoco Group in the next three years. For this period, the company is expected to decline at a 15.9% rate annually. Besides, Nanoco Group has already demonstrated poor performance by being highly volatile and underperforming in the UK market. Thus, it seems the company is on the red line of operation.
Finance and Business reporter
After graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter