Norse Atlantic (OB:NORSE) - Stock Price, News & Analysis

NORSE Stock Overview

Provides long-haul airline services.

NORSE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Revenue grew by 235.3% over the past year

Risk Analysis

Negative shareholders equity

Shareholders have been substantially diluted in the past year

Volatile share price over the past 3 months

Norse Atlantic ASA Competitors

Norwegian Air Shuttle

OB:NAS

kr13.6b

Western Bulk Chartering

OB:WEST

kr870.8m

Jinhui Shipping and Transportation

OB:JIN

kr808.5m

Edda Wind

OB:EWIND

kr2.8b

Price History & Performance

Summary of all time highs, changes and price drops for Norse Atlantic
Historical stock prices
Current Share Price	kr9.81
52 Week High	kr25.36
52 Week Low	kr7.26
Beta	0.15
1 Month Change	11.35%
3 Month Change	10.85%
1 Year Change	-47.69%
3 Year Change	-87.92%
5 Year Change	n/a
Change since IPO	-88.38%

Recent updates

Shareholder Returns

	NORSE	NO Airlines	NO Market
7D	1.1%	-1.1%	0.6%
1Y	-47.7%	-20.7%	8.0%

Return vs Industry: NORSE underperformed the Norwegian Airlines industry which returned -20.7% over the past year.

Return vs Market: NORSE underperformed the Norwegian Market which returned 8% over the past year.

Price Volatility

Is NORSE's price volatile compared to industry and market?
NORSE volatility
NORSE Average Weekly Movement	8.3%
Airlines Industry Average Movement	4.7%
Market Average Movement	5.0%
10% most volatile stocks in NO Market	10.8%
10% least volatile stocks in NO Market	3.1%

Stable Share Price: NORSE has not had significant price volatility in the past 3 months.

Volatility Over Time: NORSE's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

Founded	Employees	CEO	Website
2021	1,110	Bjoern Larsen	www.flynorse.com

Norse Atlantic ASA provides long-haul airline services. It focuses on serving various destinations between Europe and the United States, including New York, Florida, Paris, London, and Oslo. The company was incorporated in 2021 and is headquartered in Arendal, Norway.

Norse Atlantic ASA Fundamentals Summary

How do Norse Atlantic's earnings and revenue compare to its market cap?
NORSE fundamental statistics
Market cap	kr1.26b
Earnings (TTM)	-kr1.69b
Revenue (TTM)	kr5.02b

0.3x

P/S Ratio

-0.7x

P/E Ratio

Is NORSE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NORSE income statement (TTM)
Revenue	US$477.92m
Cost of Revenue	US$443.33m
Gross Profit	US$34.59m
Other Expenses	US$195.28m
Earnings	-US$160.68m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 28, 2024

Earnings per share (EPS)	-1.25
Gross Margin	7.24%
Net Profit Margin	-33.62%
Debt/Equity Ratio	0%

How did NORSE perform over the long term?

See historical performance and comparison

NORSE Stock Overview

Rewards

Risk Analysis

Norse Atlantic ASA Competitors

OB:NAS

kr13.6b

OB:WEST

kr870.8m

OB:JIN

kr808.5m

OB:EWIND

kr2.8b

Price History & Performance

Recent News & Updates

Norse Atlantic Airways Announces Nonstop Flight from Athens to New York JFK

Norse Atlantic Airways Introduces New Route Between London Gatwick and Cape Town

Full year 2023 earnings released: US$2.50 loss per share (vs US$8.30 loss in FY 2022)

Norse Atlantic Airways Announces New Direct Flight from London Gatwick to Las Vegas

New minor risk - Market cap size

Full year 2023 earnings released: US$2.72 loss per share (vs US$8.30 loss in FY 2022)

Recent updates

Norse Atlantic Airways Announces Nonstop Flight from Athens to New York JFK

Norse Atlantic Airways Introduces New Route Between London Gatwick and Cape Town

Full year 2023 earnings released: US$2.50 loss per share (vs US$8.30 loss in FY 2022)

Norse Atlantic Airways Announces New Direct Flight from London Gatwick to Las Vegas

New minor risk - Market cap size

Full year 2023 earnings released: US$2.72 loss per share (vs US$8.30 loss in FY 2022)

Norse Atlantic ASA has completed a Follow-on Equity Offering in the amount of NOK 100.1 million.

Norse Atlantic ASA to Report Q1, 2025 Results on May 14, 2024

Norse Atlantic Airways Extends Direct Flights from Oslo to Bangkok in Summer 2024

Norsors Atlantic Airways Releases Winter Sun Routes for 2024-2025 Season

Norse Atlantic ASA has filed a Follow-on Equity Offering in the amount of NOK 100.1 million.

Third quarter 2023 earnings released: EPS: US$0.02 (vs US$2.72 loss in 3Q 2022)

New minor risk - Share price stability

Norse Atlantic ASA to Report Q3, 2023 Results on Oct 31, 2023

Norse Atlantic (OB:NORSE) Will Have To Spend Its Cash Wisely

Norse Atlantic Airways Celebrates Inaugural Flights to Miami from London and Oslo

Norse Atlantic Airways Launches Ticket Sales for New Route Between Paris and Los Angeles

Norse Atlantic Asa Provides Earnings Guidance for the Third Quarter of 2023

Second quarter 2023 earnings released: US$0.55 loss per share (vs US$1.32 loss in 2Q 2022)

Norse Atlantic Airways Expands Winter Schedule with New Direct Flights from Paris and Berlin to Miami

Norse Atlantic Airways Expands Winter Schedule with New Direct Flights from Paris and Berlin to Miami

Norse Atlantic Airways Announces Inaugural Flights to Los Angeles and San Francisco from London

Norse Atlantic Appoints Ben Boiling as Finance Director and Managing Director of Norse UK

Norse Atlantic Airways Celebrates Inaugural Service Between Rome and New York JFK

Norse Atlantic Airways Announces Miami as New Destination

Norse Atlantic Airways Celebrates Inaugural Flight from Washington, D.C. to London

Norse Atlantic Launches Ticket Sales to Miami from London with Flights Commencing September 18, 2023

Norse Atlantic Airways Unveils Two New Routes from the US to London

Norse Atlantic Airways Appoints Charles Duncan as President

Norse Atlantic Airways Launches Ticket Sales Between Rome And New York JFK With Fares Starting From EUR 239 One Way

Is Norse Atlantic (OB:NORSE) In A Good Position To Deliver On Growth Plans?

Norse Atlantic Airways Launches Ticket Sales Between Paris and New York JFK with One Way Fares Starting from EUR 219

No independent directors

Norse Atlantic ASA Receives UK Air Operator Certificate and Operating License

We're Not Very Worried About Norse Atlantic's (OB:NORSE) Cash Burn Rate

Norse Atlantic ASA Announces Inaugural Flights from Berlin and Announces New Berlin to Fort Lauderdale Route

Norse Atlantic Airways Celebrates Inaugural Flight from London Gatwick to New York JFK

Chief Financial Officer recently bought kr60k worth of stock

Norse Atlantic ASA Update and Completion of Aircraft Subleases

Norse Atlantic Airways Takes Off with First Flight from Oslo to New York

Norse Atlantic Airways Launches Ticket Sales Between Berlin, New York JFK and Los Angeles with One-Way Fares Starting from €160 and $120

No independent directors

Chief Culture Officer recently bought kr205k worth of stock

Companies Like Norse Atlantic (OB:NORSE) Are In A Position To Invest In Growth

Norse Atlantic ASA, Annual General Meeting, Apr 27, 2022

Norse Atlantic Airways Appoints Ben Boiling as New Chief Financial Officer