Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
Operating out of Finland, Spinnova Oyj focuses on the development, production, and sale of innovative textile fibers and materials. The company's flagship product, SPINNOVA fiber, is uniquely manufactured from a diverse range of waste materials, including wood, leather, discarded textiles, and byproducts from the agricultural, food, and beverage sectors. Established in 2014, Spinnova Oyj maintains its headquarters in Jyväskylä, Finland.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks.
Target Price
The average target price of SPINN.HE is 0.45 and suggests 4% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendati