NorCom Information Technology GmbH & Co. KGAA Stock

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/ Tradegate WKN: A12UP3 / Name: NorCom / Stock / Software & IT Services / Small Cap /

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NorCom Information Technology GmbH & Co. KGAA Stock

Heavy losses for NorCom Information Technology GmbH & Co. KGAA today as the stock fell by -€0.340 (-5.150%).

Currently there is a rather positive sentiment for NorCom Information Technology GmbH & Co. KGAA with 3 Buy predictions and 0 Sell predictions.

As a result the target price of 10 € shows a very positive potential of 59.74% compared to the current price of 6.26 € for NorCom Information Technology GmbH & Co. KGAA.

Criterium "Revenue growth" is seen as the biggest plus for NorCom Information Technology GmbH & Co. KGAA stock. Negative votes have not been in the majority for any criteria for this stock

NorCom Information Technology GmbH & Co. KGaA (WKN A12UP3) is a publicly traded German company specializing in data analytics and machine learning solutions. Operating in a dynamic market environment, this innovative technology firm focuses on developing powerful and efficient software solutions that cater to various industries. With a strong emphasis on enhancing processes in the automotive and manufacturing sectors, NorCom's advanced Big Data solutions, such as DaSense and EAGLE, enable companies to master complex data challenges, optimize their operations, and fast-track their digital transformations. By embracing the latest technological advancements and maintaining a customer-centric approach, NorCom Information Technology GmbH & Co. KGaA has positioned itself as a key player in the growing market for data-driven corporate solutions.

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Pros and Cons of NorCom Information Technology GmbH & Co. KGAA in the next few years

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Performance of NorCom Information Technology GmbH & Co. KGAA vs. its peers

Security	Change(%)	1w	1m	1y	YTD	3y	5y
NorCom Information Technology GmbH & Co. KGAA
Allgeier SE
All For One Steeb AG
CENIT AG

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Last updated at 2023-06-20

As a financial analyst examining NorCom's financials, it becomes evident that the company operates in a highly competitive Software & IT Services industry. The financial statements from 2019 to 2021 at first glance indicate that NorCom's overall financial performance has been somewhat volatile.

Increased Gross Profit: The gross profit increased from €5,971,933 in 2019 to €4,494,133 in 2021. This improvement in gross profit, although fluctuating, highlights the company's ability to generate higher revenues while controlling its cost of sales.

Strong Cash Position: NorCom has maintained a strong cash position over the years. The cash and cash equivalents stood at €4,486,241 in 2019, €4,470,437 in 2020, and €3,320,228 in 2021. The company's ability to hold a sizable amount of cash provides financial flexibility and resilience during challenging economic conditions.

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