Swissquote Group Holding
Note: This is a daily stock update and the information stands true as of 09/12/24, 09:00 CET.
Company Update:
Expert Opinion:
Swissquote is indeed an interesting play to bet on the (highly speculative) crypto market. Yet, despite the fact that it is quite unique in terms of equity story, the valuation remains relatively attractive as the company trades on PE24 and 25 of 16.1x and 12.4x respectively. Bear in mind that Swissquote offers a diversified profile with a quality multi asset class trading platform. It isn’t a purely crypto assets play.
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Company Update:
The new US administration will likely be much more favorable for crypto assets and notably for Bitcoin. We see Swissquote as the only European listed crypto play. Here is the link to the detailed research note: Swissquote and crypto.
Our reduce rating is predicated on the recent massive surge in share price and the fact that we do not factor in any potential upside on those crypto assets (even if my analyst is quite bullish going forward, notably on Bitcoin).
Expert Opinion:
Swissquote is indeed an interesting play to bet on the (highly speculative) crypto market. Yet, despite the fact that it is quite unique in terms of equity story, the valuation remains relatively attractive as the company trades on PE24 and 25 of 16.1x and 12.4x respectively. Bear in mind that Swissquote offers a diversified profile with a quality multi asset class trading platform. It isn’t a purely crypto assets play.
For daily updates, subscribe to our newsletter and for detailed daily updates, reach out to us at sales@alphavalue.eu
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