Saab (OTCMKTS:SAABY) Shares Gap Down – What’s Next?
by Amy Steele · The Cerbat GemSaab AB – Unsponsored ADR (OTCMKTS:SAABY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $38.23, but opened at $37.01. Saab shares last traded at $37.19, with a volume of 8,775 shares trading hands.
Saab News Roundup
Here are the key news stories impacting Saab this week:
- Neutral Sentiment: Multiple outlets report The Raja Saab’s weak box-office performance in its first week (roughly ₹124–₹130 crore), noting the film is struggling to recover a reported ~₹400 crore budget. The Raja Saab box office collection day 7: Prabhas starrer earns mere Rs 124 crore in first week
- Neutral Sentiment: Several reports note only marginal day‑to‑day growth despite holidays; collections cited around ₹130 crore after 7–8 days. The Raja Saab Box Office Collection Day 7: Prabhas’ Horror Comedy Sees Minimal Growth, Earns Rs 130 Crore
- Neutral Sentiment: Coverage highlights that Telugu shows picked up modestly on day 6, but overall daily takings remain weak. ‘The Raja Saab’ box office collection day 6: Telugu shows pick up; Prabhas film earns over Rs 5 crore
- Neutral Sentiment: Some outlets compare the film unfavorably to recent big releases (e.g., far behind Kalki 2898 AD and other blockbusters). Prabhas Starrer Is 268 Crore+ Behind Kalki 2898 AD In Opening Week
- Neutral Sentiment: Hindi-market opening week receipts reported as particularly weak (net ~₹18 crore), suggesting limited pan‑India pull. The Raja Saab (Hindi) Box Office Opening Week: nets POOR Rs 18 crore
- Neutral Sentiment: Some headlines dramatize the shortfall versus expectations and other films (e.g., “crashes and burns,” “lagging behind Adipurush”), reflecting negative media tone but not corporate impact on Saab. The Raja Saab worldwide box office collection day 7
- Neutral Sentiment: Some local coverage claims another competing film (Chiranjeevi’s Mana Shankara Vara Prasad Garu) has outperformed The Raja Saab at the box office. Chiranjeevi’s Mana Shankara Vara Prasad Garu has comprehensively beaten Prabhas’ The Raja Saab
- Neutral Sentiment: Additional regional reports echo the same trajectory—marginal growth, struggles to hit higher benchmarks (₹150–₹200 crore), and mixed projections. The Raja Saab struggles to hit ₹200 crore mark
Saab Stock Performance
The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The company has a market cap of $41.09 billion, a P/E ratio of 62.41 and a beta of -0.19. The business’s 50 day simple moving average is $28.57 and its 200 day simple moving average is $27.79.
Saab (OTCMKTS:SAABY – Get Free Report) last issued its quarterly earnings data on Friday, October 24th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $1.67 billion during the quarter. Saab had a return on equity of 13.23% and a net margin of 7.17%.
About Saab
Saab AB is a Sweden-based aerospace and defense company that develops, manufactures and supplies products, services and solutions for military and civil security markets. Founded in 1937 as an aircraft manufacturer, the company has diversified into areas including combat aircraft, airborne surveillance, radar and sensor systems, missiles and weapons, naval vessels and underwater systems, as well as command-and-control, training and simulation and cybersecurity solutions.
In aeronautics, Saab is best known for its Gripen family of multi-role fighter aircraft and for airborne surveillance solutions that integrate radars and sensors.