Why Gigante Salmon stock moves
Gigante Salmon fell sharply, moving with the market.
Written after the close on ·
Why today
16,413 news analyzed todayGigante Salmon fell sharply, moving with the market.
Oslo Børs fell sharply too, so the drop looks largely market-driven.
No company news explains the session.
Over the last five trading days, Gigante Salmon fell clearly, a big move for it, about twice a normal five-day stretch.
Salmon prices and sector sentiment likely drive moves like this.
Today's move of −3.07% was 2.0 times a normal day's 1.5%. Oslo Børs benchmark index moved −1.31% on the same day.
Gigante Salmon −3.07%
What analysts expect, and how often they have been right
Analysts’ estimates for Gigante Salmon.
Gigante Salmon earned more than expected in 2 out of 2 reports.
The share moved in the same direction as the earnings surprise in 1 out of 2 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 4.74 NOK
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedNOK
Next reported quarter: expected earnings per share of -0.13 NOK. For the current fiscal year, expected earnings per share changed from -0.19 NOK three months ago to -0.30 NOK now. 2026 estimate: -0.30 NOK. 2027 estimate: -0.11 NOK.
Has the share price followed the business?
Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +7% and earnings per share went from -0.01 NOK to -0.00 NOK.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn NOK
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn NOK
Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): 1.1 bn NOKRevenue 2025: 0.0 m NOK
What the key figures say about Gigante Salmon
The figures connect what Gigante Salmon 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: -0.01 NOK–0.05 NOK. Peers: Kingfish Company -0.51 NOK, Grieg Seafood -1.90 NOK. 2026 estimate: -0.30 NOK (-0.31 NOK–-0.29 NOK). 2027 estimate: -0.11 NOK (-0.19 NOK–-0.07 NOK).
What the company sold during the year.
2022–2025: 0.0 m NOK–0.2 m NOK. Peers: Kingfish Company 38.6 m EUR, Grieg Seafood 3.6 bn NOK. 2026 estimate: 211 m NOK (172 m NOK–250 m NOK). 2027 estimate: 466 m NOK (411 m NOK–499 m NOK).
The percentage of revenue left after the costs of running the business.
2022–2025: −2458.3%–−2458.3%. Peers: Kingfish Company −54.3%, Grieg Seafood 6.2%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: −0.3%–2.0%. Peers: Kingfish Company −6.8%, Grieg Seafood 9.3%.
What investors pay for each unit the company sells.
2022–2025: 5,918.12–5,918.12. Peers: Grieg Seafood 0.70. 2026 estimate: 5.04. 2027 estimate: 2.29.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: -174.54–60.56. Peers: Grieg Seafood 11.05.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 1.94–3.19. Peers: Grieg Seafood 10.15.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 752.4–1,447.0.
Cash left after investments, divided by the number of shares.
2022–2025: -2.90 NOK–-0.69 NOK. Peers: Kingfish Company -0.01 EUR, Grieg Seafood -2.93 NOK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 47.0%–88.1%.
What followed similar falls?
Including reinvested dividends, Gigante Salmon fell 5.0% over the latest five trading days. Since July 5, 2021, falls at least this large were followed by a higher value 21 trading days later in 12 out of 28 non-overlapping periods. The median was −2.0%, against +0.0% for an ordinary 21-day period, which ended higher 50 times in 100.
Such a fall has not said much about the next month.
−2.0% · 12/28
Earnings report
On its last 16 report days Gigante Salmon usually moved about 1.1%. On a normal day it moves 1.5%.
+4.65% Why? −5.93% +0.00% −1.44%
10,000 NOK in Gigante Salmon bought on July 5, 2021 is worth 8,480 NOK today, with dividends reinvested.
The same amount in OSEBX with dividends would have become 18,100 NOK.
What would 10,000 NOK in Gigante Salmon be worth today? →
What would 10,000 NOK in Gigante Salmon be worth today?
8,480 NOK
with dividends reinvested, bought on July 5, 2021. The same amount in OSEBX with dividends would have become 18,100 NOK.
At worst it was worth 6,920 NOK (January 25, 2022).
The five biggest days of the journey
· −19.2% · the whole market rose 0.2% the same day
· +17.2% · the whole market rose 0.5% the same day
· +16.7% · the whole market rose 0.3% the same day
· −14.5% · the whole market fell 0.4% the same day
· +14.4% · the whole market fell 0.1% the same day
Earlier days
−5.01% Gigante Salmon fell clearly over the past five trading days, moving broadly in line with the wider market. Read →
Gigante Salmon fell clearly over the past five trading days, moving broadly in line with the wider market.
The drop was big, roughly twice a normal five-day stretch for the stock, and such moves happened about eleven times in the past year.
No specific company news explains the decline, so it likely reflects general market selling and the usual pressures on salmon farmers, such as fish prices and production costs.
The stock is well below its high from early April and close to its low from late August.
−0.20% Gigante Salmon was roughly unchanged without company news. Read →
Gigante Salmon was roughly unchanged without company news.
Over five trading days it fell clearly, roughly in line with a sharp drop in the Oslo Børs index.
Its last session move was an ordinary one for the stock, and it traded well below its usual volume.
The latest close is well below the highest close of the past year, set in early April, and above the lowest, set in late August.
The most likely driver of the weekly fall is the broad market selloff, since the index fell sharply over the same days.
−2.22% Gigante Salmon fell, more than the Oslo Børs index. Read →
Gigante Salmon fell, more than the Oslo Børs index.
No company news explains the move, which looks more like a broad selloff in the sector.
Over the last five trading days, the shares also fell clearly, in line with the market.
−0.99% Gigante Salmon fell slightly without a company-news explanation. Read →
Gigante Salmon fell slightly without a company-news explanation.
In the last five trading days, the shares fell slightly while Oslo Børs rose sharply.
Over the last session, the market rose slightly, so the stock moved against it.
The move was an ordinary size for Gigante Salmon, within its usual daily range.
The latest quarter was reported last week, with earnings beating expectations.
−1.77% Gigante Salmon, listed in Oslo, fell slightly over the week while the Oslo benchmark index rose sharply, so it moved against the market. Read →
Gigante Salmon, listed in Oslo, fell slightly over the week while the Oslo benchmark index rose sharply, so it moved against the market.
The stock was held back by a no-revenue third quarter, but the company reported a loss that was broadly as expected and a shareholder loan.
The move was ordinary for the stock, with trading around its usual level.
Its latest close sits well below its one-year high and above its one-year low.
−4.21% Gigante Salmon fell very sharply without company news. Read →
Gigante Salmon fell very sharply without company news.
Over the last five trading days it fell clearly, while the Oslo Børs index rose clearly, so it moved against the market.
The move was big: roughly twice a normal five-day stretch for this stock, and moves that size happened about nine times in the past year.
In the same session the market was roughly flat, so the fall was stock-specific.
Likely reasons include the zero-revenue Q3 report from October 20, which showed no harvests until Q4, and the sale of fish stocks.
+2.76% Gigante Salmon rose sharply, with no company news. Read →
Gigante Salmon rose sharply, with no company news.
The market also rose sharply over the same day, so the stock moved roughly in line with Oslo Børs rather than apart from it.
Over the last five trading days the stock rose sharply, a big move for it, and it outpaced the Oslo Børs benchmark index, which rose clearly.
Trading volume was well above its usual level in the last session, and the latest close sits well below the past year's high from early April.
+0.00% Gigante Salmon was roughly unchanged, with no company news explaining it. Read →
Gigante Salmon was roughly unchanged, with no company news explaining it.
Over the same day, Oslo Børs rose clearly, so the stock lagged the market.
Over the last five trading days, the stock rose slightly while the market was roughly flat.
The move was ordinary for the stock, on thin trading.
Quarterly revenue was zero as biomass builds, so the market may be waiting for harvests.
+1.60% Gigante Salmon edged up over the last five trading days while the broader market was roughly flat. Read →
Gigante Salmon edged up over the last five trading days while the broader market was roughly flat.
The move was ordinary in size and trading was quiet.
The main driver was the third-quarter report published on Tuesday, which showed no harvest revenue but beat expectations.
Investors may also have responded to news of a $4.26M shareholder loan that funds the company ahead of its Q4 harvest.
+4.65% Gigante Salmon rose very sharply, against a falling market. Read →
Gigante Salmon rose very sharply, against a falling market.
The shares rose strongly while Oslo Børs fell clearly, so the move was company-specific.
The report showed fish in all three production basins for the first time, a sign of full-scale operations.
Over the last five trading days the shares rose slightly while the market was roughly flat.
Learn more · Why do stocks go up and down?