Goobit Group AB (BTCX) AI Stock Analysis

• Market Cap: kr33.01M
• Dividend Yield: N/A
• Average Volume (3M): 2.91M
• Price to Earnings (P/E): 130.8
• Beta (1Y): 1.17
• Revenue Growth: 214.33%
• EPS Growth: N/A
• Country: SE
• Employees: 9
• Sector: Financial
• Sector Strength: 80
• Industry: Financial - Capital Markets
• EPS (TTM): -0.01
• Shares Outstanding: 275,080,660
• 10 Day Avg. Volume: 818,571
• 30 Day Avg. Volume: 2,914,778
• PEG Ratio: -0.19
• Price to Book (P/B): 6.80
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 52 Neutral
• Price Target: ―

Goobit Group AB's overall score reflects its significant financial challenges, including declining revenues and persistent losses. The technical analysis suggests bearish trends with mixed momentum indicators. Additionally, the high P/E ratio points to overvaluation concerns, reducing attractiveness in the current market environment.

Goobit Group AB Business Overview & Revenue Model

Company Description

Goobit Group AB (BTCX) is a Swedish company operating in the cryptocurrency industry. It primarily offers services related to the buying and selling of cryptocurrencies, with a focus on Bitcoin, through its digital platform BTCX. The company aims to provide secure, efficient, and user-friendly solutions for cryptocurrency transactions, catering to both individual and institutional clients.

How the Company Makes Money

Goobit Group AB generates revenue through transaction fees charged on the buying and selling of cryptocurrencies on its platform. These fees are typically a percentage of the transaction value. Additionally, the company may earn money through other related services such as wallet offerings or partnerships with financial institutions. The company's earnings are influenced by cryptocurrency market trends, user adoption rates, and strategic partnerships that enhance its service offerings.

Goobit Group AB Financial Statement Overview

Summary

Goobit Group AB is facing financial strain with declining revenues and persistent losses. The balance sheet is strong due to zero debt but profitability and cash flow challenges are significant, requiring strategic realignment.

Income Statement

Goobit Group AB exhibits a challenging financial trajectory with declining revenue and profitability. The gross profit margin for the recent year is 5.28%, a slight increase from the previous year. However, the company has been consistently experiencing net losses, with a net profit margin of -1.66% in the latest year. Revenue growth declined sharply, indicating a significant downturn in business operations. EBIT and EBITDA margins remain negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet reflects a stable equity ratio of 64.32%, suggesting a strong equity base relative to assets. The company has a debt-free structure, which minimizes financial risk. However, the return on equity is negative, driven by consecutive net losses, pointing to inefficiencies in generating returns from shareholder investments.

Cash Flow

The cash flow statement indicates financial challenges with negative free cash flow, although there is an improvement in the operating cash flow to net income ratio. Despite substantial financing activities, the free cash flow growth remains negative, highlighting the need for sustainable cash generation from core operations.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	148.30M	111.85M	97.39M	352.85M	528.63M	317.25M
Gross Profit	13.87M	5.91M	2.38M	11.62M	29.32M	31.57M
EBITDA	-3.28M	-165.00K	-8.33M	-10.41M	20.37M	399.00K
Net Income	-3.08M	-1.86M	-21.71M	-17.86M	11.18M	-11.73M
Balance Sheet
Total Assets	24.70M	33.12M	20.82M	47.31M	63.55M	35.71M
Cash, Cash Equivalents and Short-Term Investments	1.16M	10.14M	4.22M	23.07M	36.60M	8.66M
Total Debt	0.00	0.00	0.00	0.00	2.61M	3.00M
Total Liabilities	10.10M	11.82M	8.52M	13.68M	19.54M	27.01M
Stockholders Equity	14.60M	21.30M	12.30M	33.64M	44.01M	8.62M
Cash Flow
Free Cash Flow	-7.37M	-5.39M	-18.70M	-20.03M	7.59M	-8.70M
Operating Cash Flow	-7.37M	-3.65M	-12.29M	-11.89M	12.87M	694.00K
Investing Cash Flow	4.26M	-1.74M	-6.24M	-8.13M	-5.68M	-9.39M
Financing Cash Flow	1.04M	11.31M	-319.00K	6.49M	20.75M	14.49M

Goobit Group AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BTCX, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.11, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.91 is Neutral, neither overbought nor oversold. The STOCH value of 63.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BTCX.

Goobit Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CS	84 Outperform	kr7.41B	1.17	155.93%	3.40%	―	―
Sector *	65 Neutral	kr116.87B	24.08	6.10%	3.64%	14.34%	-72.17%
QLIRO	58 Neutral	kr570.09M	―	-7.20%	―	-3.13%	-844.33%
BTCX	52 Neutral	kr33.01M	130.77	2.15%	―	214.33%	―
YIELD	51 Neutral	kr99.39M	―	-24.41%	―	-15.41%	-85.25%