Why CDON stock moves
CDON was roughly unchanged, unlike the falling market.
Written after the close on ·
Why today
16,415 news analyzed todayCDON was roughly unchanged, unlike the falling market.
No company news explains the session's move.
CDON rose sharply over the last five trading days, while the market was roughly flat.
CDON traded about twice its normal volume, and the session's move was an ordinary one for the stock.
CEO Fredrik Norberg bought about 2 million SEK of shares on 2 and 3 November through a closely linked company.
Today's move of +0.40% was 0.3 times a normal day's 1.4%. OMX Stockholm 30 moved −1.01% on the same day.
CDON +0.40%OMX Stockholm 30 −1.01%Against the market
What analysts expect, and how often they have been right
Analysts’ estimates for CDON.
CDON earned more than expected in 7 out of 8 reports.
For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 3 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 50.20 SEK
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedSEK
Next reported quarter: expected earnings per share of -0.18 SEK (February 11). For the current fiscal year, expected earnings per share changed from -4.77 SEK three months ago to -6.34 SEK now. 2026 estimate: -6.34 SEK. 2027 estimate: -1.04 SEK. One analyst made the estimate for the quarter. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. November 3: Buy about 1.0 m SEK. November 2: Buy about 1.0 m SEK. October 22: Buy about 227 thousand SEK. September 1: Sell about 1.5 m SEK. June 12: Sell about 34 thousand SEK.
Has the share price followed the business?
Price and earnings moved in the same direction: 1 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −28% and earnings per share went from -10.32 SEK to -4.96 SEK.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn SEK
Price and earnings moved in the same direction: 1 out of 3 years.Market cap (Now): 576 m SEKRevenue 2025: 444 m SEK
What the key figures say about CDON
The figures connect what CDON earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: -23.27 SEK–-4.96 SEK. Peers: Komplett -3.33 NOK, Verkkokauppa.com 0.24 EUR, New Bubbleroom Sweden -1.17 SEK. 2026 estimate: -6.34 SEK (-6.92 SEK–-5.77 SEK). 2027 estimate: -1.04 SEK (-1.83 SEK–-0.47 SEK).
What the company sold during the year.
2022–2025: 435 m SEK–469 m SEK. Peers: Komplett 15.4 bn NOK, Verkkokauppa.com 543 m EUR, New Bubbleroom Sweden 467 m SEK. 2026 estimate: 450 m SEK (445 m SEK–455 m SEK). 2027 estimate: 493 m SEK (474 m SEK–512 m SEK).
The percentage of revenue left after the costs of running the business.
2022–2025: −29.9%–−11.4%. Peers: Komplett 0.4%, Verkkokauppa.com 2.7%, New Bubbleroom Sweden −4.9%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: −336.9%–−10.0%. Peers: Komplett −28.2%, Verkkokauppa.com 28.8%, New Bubbleroom Sweden 3.3%.
What investors pay for each unit the company sells.
2022–2025: 1.63–3.21. Peers: Komplett 0.07, Verkkokauppa.com 0.29, New Bubbleroom Sweden 0.32. 2026 estimate: 1.28. 2027 estimate: 1.17.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: -15.85–-4.66. Peers: Komplett 7.77, Verkkokauppa.com 1.03, New Bubbleroom Sweden -4.32.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 1.29–26.33. Peers: Komplett 0.64, Verkkokauppa.com 4.11, New Bubbleroom Sweden 1.67.
Cash left after investments, divided by the number of shares.
2022–2025: -12.13 SEK–-0.82 SEK. Peers: Komplett 2.11 NOK, Verkkokauppa.com -0.08 EUR, New Bubbleroom Sweden -0.97 SEK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 18.7%–72.0%.
What to watch next, and why
The earnings report shows how CDON's revenue and profit have changed.
- Earnings report
The earnings report shows how CDON's revenue and profit have changed.
Add to calendar
More about CDON
Insider trades
People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.
- Fredrik Norberg, CEO (closely associated)Buyabout 1.0 m SEK
- Fredrik Norberg, CEO (closely associated)Buyabout 1.0 m SEK
- David Hathaway, chair (closely associated)Buyabout 227 thousand SEK
- Mikaela Willman, board member (closely associated)Sellabout 1.5 m SEK
- Niklas Öhman, senior executiveSellabout 34 thousand SEK
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 16 report days CDON usually moved about 4.1%. On a normal day it moves 1.4%.
+13.79% Why? −1.32% −4.25% −2.93%
10,000 SEK in CDON bought on November 6, 2020 is worth 4,200 SEK today, with dividends reinvested.
The same amount in OMX Stockholm 30 with dividends would have become 21,100 SEK.
What would 10,000 SEK in CDON be worth today? →
What would 10,000 SEK in CDON be worth today?
4,200 SEK
with dividends reinvested, bought on November 6, 2020. The same amount in OMX Stockholm 30 with dividends would have become 21,100 SEK.
At worst it was worth 3,330 SEK (May 13, 2025).
The five biggest days of the journey
· +31.5% · the whole market rose 0.1% the same day
· +25.7% · the whole market rose 0.8% the same day · report day
· +24.7% · the whole market rose 0.1% the same day
· +24.0% · the whole market rose 0.7% the same day
· +22.9% · the whole market fell 0.2% the same day
Earlier days
+7.04% market −0.11% CDON rose sharply over the last five trading days while the Stockholm market was roughly flat. Read →
CDON rose sharply over the last five trading days while the Stockholm market was roughly flat.
CEO Fredrik Norberg bought shares worth about 2 million SEK on Thursday 5 November, which likely supported sentiment.
Other company news in the period was routine, such as the appointment of the Nomination Committee.
Over the same days, comparable sector stocks fell at the median, so CDON moved against its peers.
+8.70% market −0.32% CDON rose sharply, against the market. Read →
CDON rose sharply, against the market.
Over the last five trading days, CDON rose sharply while OMX Stockholm 30 rose slightly.
The rise was partly driven by trading well above normal levels, though the news offers no clear company-specific cause.
Next earnings report: Thursday 11 February 2027.
−2.02% market +0.83% CDON fell, while the OMX Stockholm 30 rose clearly. Read →
CDON fell, while the OMX Stockholm 30 rose clearly.
No company news from that session explains the move.
Over the last five trading days CDON fell clearly, while the OMX Stockholm 30 rose slightly.
Earlier news, including a sale of its Batmobile unit for a small sum and an earnings call on tariffs, was known before the session opened, so it is not the main reason.
The stock's trading volume was well below its usual level, so the move may reflect thin trading.
−2.19% market −0.08% CDON fell clearly. Read →
CDON fell clearly.
No company news from that session explains the move.
Over the last five trading days CDON fell clearly, but OMX Stockholm 30 rose slightly.
Volume was well above normal, and the move was big for CDON, about twice a normal five-day stretch.
Earlier news, an earnings call on tariffs and a small divestment, is background only.
+2.35% market +0.48% CDON rose clearly, more than the market. Read →
CDON rose clearly, more than the market.
No company news from that session explains the move, so the reason is unclear.
Over the last five trading days the stock also rose clearly, and the broader market rose too.
Trading volume was far above normal, so heavy buying likely pushed the price up.
Next, CDON reports earnings on Thursday 11 February 2027.
−3.30% market +3.01% CDON AB fell clearly over the week while the broader Stockholm market rose clearly, so it moved against the market. Read →
CDON AB fell clearly over the week while the broader Stockholm market rose clearly, so it moved against the market.
The main cause was likely the Q3 report on 22 October, which showed strong sales volume growth but a return to operating loss, and analysts and shareholders kept digesting it.
The move was ordinary in size for the company, and trading was quiet.
The next earnings report is on Thursday 11 February 2027.
−3.04% market +0.33% CDON fell sharply; no company news explains it. Read →
CDON fell sharply; no company news explains it.
CDON fell sharply in the last session, while OMX Stockholm 30 rose slightly, so it moved against the market.
No company news from that session explains the drop.
The stock rose very sharply over the last five trading days, a very big move for CDON, with the market up only slightly.
That rise came after its Q3 2026 report, which showed GMV growth of 18% but a loss at EBIT.
+6.24% market +0.96% CDON rose, moving well ahead of a market that also rose clearly. Read →
CDON rose, moving well ahead of a market that also rose clearly.
The move was very large for CDON, and trading volume was about twice its usual level.
Over the last five trading days, CDON rose very sharply while the OMX Stockholm 30 was roughly flat.
Next, the company reports again on Thursday 11 February 2027.
−4.12% market +1.57% CDON fell, moving against a market that rose clearly. Read →
CDON fell, moving against a market that rose clearly.
No company news from that session explains the drop.
Over the last five trading days the stock rose very sharply, while OMX Stockholm 30 fell slightly.
That move was about five times a normal five-day stretch for CDON.
Last week's third-quarter report showed gross merchandise value up 18%, but a swing to an operating loss, and it came out before the session opened.
+14.93% market −3.67% CDON rose very sharply over the last five trading days, moving against a falling market. Read →
CDON rose very sharply over the last five trading days, moving against a falling market.
The rise followed its Q3 report, which showed gross merchandise value up 18%, though the company still posted a loss at operating level.
Analysts at DNB Carnegie and others called the growth better than expected, which likely drove buying.
Next, watch the full-year report due on 11 February 2027.
+13.79% market −2.51% CDON rose very sharply on the day it published its quarterly report. Read →
CDON rose very sharply on the day it published its quarterly report.
The market fell over the same session, so CDON moved against the market.
The report showed sales growth and an earnings beat, and analysts from DNB Carnegie and Equity Research called the growth better than expected.
Gross merchandise value, the total value of goods sold on the platform, rose 18%.
Earnings were still negative, and the move was very big for CDON, rare in the past year.
Learn more · Why do stocks go up and down?