Airthings ASA Stock Performance

ARTGF Stock  USD 0.04  0.00  0.00%   
The firm shows a Beta (market volatility) of -1.18, which alludes to a somewhat significant risk relative to the market. Returns on Airthings ASA are inversely related to market direction and amplified in magnitude, making it a counter-cyclical holding. Airthings ASA at this time shows a risk of 0.0%. Please double-check Airthings ASA information ratio and kurtosis.
Risk-Adjusted Performance
Weak
 
Weak
 
Strong
Airthings ASA has delivered negative risk-adjusted returns across the last 90 days, suggesting that volatility was not compensated by return. The result matters because weak risk-adjusted return can persist even when isolated price moves briefly look constructive. Despite nearly stable technical and fundamental indicators, Airthings ASA is not utilizing all of its potential. The current price disturbance may contribute to mid-run losses for stockholders. Learn More
Begin Period Cash Flow62.9 M
Total Cashflows From Investing Activities-968 K
  

Relative Risk vs. Return Landscape

If you had invested $ 3.93 in Airthings ASA on December 16, 2025 and sold it today you would have earned a total of $ 0.00  from holding Airthings ASA or generated 0.0% return on investment over 90 days. Airthings ASA is currently producing negative expected returns and carries 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded pink sheets are less volatile than Airthings, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  

Target Price Odds to finish over Current Price

Investors have long observed that Airthings Pink Sheet price tends to fluctuate around a central value over time. This mean reversion pattern is a cornerstone of many forecasting models. However, periods of persistent mispricing in some stocks suggest that additional risk factors may account for the delayed correction.
Current PriceHorizonTarget PriceOdds moving above the current price in 90 days
0.04 90 days 0.04
about 75.12
A normal distribution analysis suggests that the odds of Airthings ASA moving above the current price in 90 days from now are about 75.12 (The distribution above shows where Airthings Pink Sheet price is most likely to fall within the next 90 days based on historical volatility).
Assuming a 90-day horizon Airthings ASA has a beta of -1.18. This suggests as returns on its benchmark rise, returns on Airthings ASA are expected to decrease by similarly larger amounts. On the other hand, during market turmoil, Airthings ASA is expected to outperform its benchmark. Additionally, Airthings ASA has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial.
   Airthings ASA Price Density   
       Price  

Predictive Modules for Airthings ASA

Forecasting Airthings ASA involves applying various models to estimate future price behavior. While no method can consistently predict the pink sheet market with certainty, the discipline of building and testing forecasts sharpens investment thinking. Combining several approaches and cross-checking results offers a more balanced view of potential outcomes.
Mean reversion in Airthings ASA's price occurs when temporary dislocations - caused by sentiment extremes, news events, or liquidity shocks - correct back toward the stock's historical fair value.
Hype
Prediction
LowEstimatedHigh
0.040.040.04
Details
Intrinsic
Valuation
LowRealHigh
0.040.040.04
Details
Naive
Forecast
LowNextHigh
0.070.070.07
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.040.040.04
Details
A rigorous investment case for Airthings ASA requires more than studying its own financials. Benchmarking Airthings ASA's performance, valuation, and risk profile against competitors is essential to validate any investment thesis.

Primary Risk Indicators

The pink sheet market has gone through extended periods of turbulence over the past two decades. Airthings ASA has not been immune to these swings. Sudden corrections and sharp rallies have tested many portfolios. Investors can protect against downside risk in Airthings ASA by monitoring Airthings ASA's fundamental risk indicators and maintaining appropriate hedges.
α
Alpha over Dow Jones
-1.3193
β
Beta against Dow Jones-1.18
σ
Overall volatility
0.09
Ir
Information ratio -0.1197

Investor Alerts and Insights

Setting up alerts on Airthings ASA ensures that material changes in technical or fundamental conditions are not missed. These notifications for Airthings ASA help investors make timely decisions in response to significant stock events.
Airthings ASA is not yet fully synchronised with the market data
Airthings ASA generated a negative expected return over the last 90 days
Airthings ASA has some characteristics of a very speculative penny stock
Airthings ASA has high likelihood to experience some financial distress in the next 2 years
The company reported revenue of 33.67 M. Net Loss for the year was -7.26 M with profit before overhead, payroll, taxes, and interest of 20.63 M.
Airthings ASA has accumulated about 23.17 M in cash with -15.88 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Roughly 51.0% of the company shares are held by company insiders
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Airthings ASA Fundamentals Growth

Airthings ASA's fundamentals serve as the primary lens through which investors evaluate Airthings Pink Sheet. Metrics such as earnings growth, revenue consistency, margin trends, and balance sheet strength collectively determine market sentiment toward Airthings Pink Sheet.

Performance Metrics & Calculation Methodology

Airthings ASA performance is measured on a risk-adjusted basis against benchmarks. Drawdown profile frames downside sensitivity and recovery characteristics. Airthings ASA shows ROE of -14.6%, ROA of -12.32%.

This section for Airthings ASA is built from periodic company reporting and market reference feeds, with harmonization applied to align reporting definitions. Values may update on different source schedules. Return and risk statistics are calculated from historical price series.

This content is curated and reviewed by:

Rifka Kats - Member of Macroaxis Editorial Board
Last reviewed on March 12th, 2026