In this Week’s Analysis – a Norwegian company with HQ in San Jose, USA!
Aksjeanalyser.com looks at the company Ensurge Micropower ASA!
(ticker on Oslo Stock Exchange: ENSU)
The company announced positive news last week, and the share price rose sharply on the news, but then, as you know, the stock markets have plummeted in recent days, and also Ensurge share price has fallen significantly.
Aksjeanalyser.com believes that Ensurge could be at a good buy level, due to this correction and sees significant potential for the stock.
It is worth noting in these times and in connection with the background to the sharp fall in stock prices worldwide, that Ensurge Micropower ASA has its production facilities at the core of Silicon Valley in the USA and has its global headquarters in San Jose, USA.
Read more about the stock below in this week’s Analysis from Vikingen Financial Software and Aksjeanalyser.com.
First, about the company, Ensurge Micropower ASA
(ticker on Oslo Stock Exchange: ENSU)
Ensurge’s solid-state lithium battery technology fills the industry gap for rechargeable 1 mAh to 100 mAh products with high energy density, customizable form factors, charging speed and high-volume manufacturing capability to power a new generation of connected devices. Ensurge is Energizing Innovation(TM) with the first ultra-thin, flexible, reliable and fundamentally safe solid-state lithium microbattery for the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors and more.
The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form factor-constrained applications, including hearing aids (hearing aids and wireless headphones), digital and health devices, sports and fitness devices, and IoT sensor solutions that use energy harvesting to power everyday things.
The company’s state-of-the-art manufacturing facility, located in Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the benefits of Ensurge technology to established and expanding markets. For more information about the company, visit their website here.
Technical Analysis of Ensurge Micropower!
(ticker on Oslo Stock Exchange: ENSU)
The Ensurge share is showing clear positive signs of bottoming out, after many years of very poor performance.
The share price was lowest in the fall of 2023 at around NOK 0.40, and has since then established a rising trend.
There is a positive volume trend, but higher volumes when prices rise and lower volumes when prices fall. This helps to underpin the positive technical picture shown by the share.
The stock is also in a short-term rising trend, and is now testing the support level both down towards the lower trend line of this, and where there is also support around the 50-day and 200-day moving averages. The ‘Golden Cross signal’, which is a powerful technical buy signal, has also been triggered recently for the Ensurge stock, when the 50-day moving average broke above the 200-day moving average.
The stock is also above both 50-day and 200-day moving averages and thus finds significant technical support now in the area around NOK 1.15 – 1.20.
Based on the overall positive technical picture that the Ensurge share is currently showing, Aksjeanalyser.com considers the stock to be an exciting and interesting buy candidate, around the current price level.
The potential for the share is estimated to be up to NOK 2.00 – 2.25 in 1-3 months’ time, and around NOK 3.50 – 4.00 in 6-12 months’ time.
What could possibly change the current positive technical picture for the share would be if it were to break below the 50-day and 200-day moving averages and below a currently important technical support level around NOK 1.10.
The BEST model in Vikingen is also in buy signal for Ensurge. This popular and effective technical analysis model was developed by Peter Östevik. He finalized the the BEST model around 2019, and after 30 years of experience in technical analysis and Vikingen Financial Software.
Latest news on April 03, 2025 from Ensurge
ENSU: BATTERIES READY FOR DISPATCH TO STRATEGIC PARTNERS
3 Apr. 06:19 ∙ TDN Finance
Oslo (Infront TDN Direkt): Ensurge Micropower’s solid-state microbatteries are ready for shipment to strategic partners.
This was stated in a message from the company on Wednesday:
“Since Ensurge’s January 20, 2025 Business Update, the company has completed two comprehensive battery evaluations for a customer as part of the first delivery order. The 11-layer, 10um stainless steel solid-state batteries were tested at customer sites for Bluetooth Low Energy (BLE) connectivity and other demanding functional parameters requiring high pulse capacity. These batteries were manufactured on our commercial production line. The results confirmed that all of the key performance and quality requirements were met,” says the release.
Read the full stock exchange announcement here.
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