(READ) Readly International - Ratings and Ratios

Readly International AB (publ) operates as a leading digital subscription service provider, offering unlimited access to a wide array of magazines and daily newspapers through its user-friendly application. Available in multiple countries including Sweden, Germany, the United Kingdom, France, and other international markets, Readlys platform is designed to enhance user experience with features like personalized recommendations and offline reading capabilities. The company has established partnerships with numerous publishers, providing content in various languages to cater to a diverse audience. Founded in 2012 and headquartered in Stockholm, Sweden, Readly has positioned itself as a key player in the digital publishing industry, focusing on innovation and customer satisfaction. https://www.readly.com

As a publicly traded company on the Stockholm stock exchange under the ticker symbol READ, Readly falls under the Interactive Media & Services sector. The companys financial health is indicated by a market capitalization of 615.95M SEK, with a price-to-earnings ratio of 6.02, suggesting potential undervaluation. The price-to-book ratio of 8.63 reflects a premium relative to book value, while the price-to-sales ratio of 0.85 indicates moderate valuation. Notably, Readlys return on equity stands at an impressive 143.43%, highlighting strong profitability.

3-Month Forecast: Based on technical indicators, Readlys stock shows a bullish trend with the last price above the SMA200, indicating long-term strength. The SMA20 rising above the SMA50 suggests short-term bullish momentum. Low ATR of 0.70 points to decreased volatility, potentially signaling stable price movements. Fundamentally, the low P/E ratio may attract value investors, though the high P/B ratio could deter some. Overall, the stock is expected to maintain its bullish trajectory with possible price appreciation, supported by strong profitability metrics.