Acconeer AB (ACCON) AI Stock Analysis

4 Followers

Acconeer AB

(Nasdaq OMX AB:ACCON)

Select Model

Rating:44Neutral

Price Target:SEK 10.50▼(-3.14% Downside)

Action:reiterated

Date:10/29/26

The score is weighed down primarily by ongoing losses and continued negative operating/free cash flow despite improving revenue. Technicals add pressure with the stock trading below key moving averages and negative MACD, while valuation support is limited due to a negative P/E and no dividend data. The main offsetting positive is a strong, debt-free balance sheet that reduces near-term financial risk.

Positive Factors

Debt-free balance sheetA debt-free balance sheet with equity comprising most assets reduces refinancing and interest burdens while preserving financial flexibility. This gives Acconeer more capacity to withstand operating volatility and invest in radar-sensor growth without the constraints faced by highly leveraged peers.

Negative Factors

Persistent operating lossesDeep operating and net losses show that current revenue is not yet sufficient to cover the company’s cost base. Until Acconeer scales expenses more effectively, continued losses can limit reinvestment capacity and make future profitability dependent on substantial execution improvement.

Acconeer AB (ACCON) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 805.58M
Dividend Yield: ―
Average Volume (3M): 149.13K
Price to Earnings (P/E): -21.8
Beta (1Y): 0.64
Revenue Growth: 57.78%
EPS Growth: -44.95%
Country: Sweden
Employees: 48
Sector: Technology
Sector Strength: 61
Industry: Semiconductors

Acconeer AB Business Overview & Revenue Model

Company Description

Acconeer AB (publ) develops radar sensing solutions worldwide. The company provides A121 radar sensor that detects distance, speed, motion, and objects up to 20 meters away; A111 radar sensor for detecting distance, speed, motion, and objects up to 1...

Acconeer AB Financial Statement Overview

Summary

Balance sheet strength (zero debt and high equity vs. assets) lowers financial risk, but the operating picture is weak: EBIT and net income are deeply negative (TTM net margin ~-46%) and cash burn persists with negative operating and free cash flow (TTM FCF ~-35M). Revenue is improving (TTM ~+9% vs. latest annual), but profitability and self-funding are not yet in place.

Income Statement

34Negative

Balance Sheet

72Positive

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	80.42M	57.87M	51.32M	35.52M	46.83M	31.16M
Gross Profit	42.96M	30.39M	32.87M	25.57M	30.87M	25.33M
EBITDA	-25.57M	-20.30M	-23.77M	-43.10M	-36.14M	-39.70M
Net Income	-37.11M	-20.15M	-31.48M	-46.50M	-47.10M	-51.17M
Balance Sheet
Total Assets	274.06M	274.54M	251.18M	199.22M	190.68M	223.22M
Cash, Cash Equivalents and Short-Term Investments	31.25M	43.37M	53.76M	38.65M	89.88M	156.86M
Total Debt	0	0	0	27.45M	0	0
Total Liabilities	19.27M	18.06M	23.46M	66.93M	19.16M	23.53M
Stockholders Equity	254.79M	256.47M	227.72M	132.29M	171.51M	199.70M
Cash Flow
Free Cash Flow	-34.84M	-59.28M	-32.09M	-85.99M	-85.94M	-55.66M
Operating Cash Flow	-29.50M	-20.33M	-32.09M	-49.35M	-62.53M	-42.59M
Investing Cash Flow	-24.46M	-38.96M	-52.27M	-36.64M	-23.41M	-13.06M
Financing Cash Flow	29.76M	48.90M	99.47M	34.76M	18.97M	130.34M

Acconeer AB Technical Analysis

Technical Analysis SentimentNegative

Last Price10.84

Price Trends

50DMA11.81Negative

100DMA14.23Negative

200DMA13.98Negative

Market Momentum

MACD-0.37Negative

RSI44.21Neutral

STOCH78.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ACCON, the sentiment is Negative. The current price of 10.84 is below the 20-day moving average (MA) of 10.84, below the 50-day MA of 11.81, and below the 200-day MA of 13.98, indicating a bearish trend. The MACD of -0.37 indicates Negative momentum. The RSI at 44.21 is Neutral, neither overbought nor oversold. The STOCH value of 78.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ACCON.

Acconeer AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SE:ACCON against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:TAGM.B	73Outperform	SEK 454.07M	11.14	13.47%	―	1.82%	81.56%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SE:ACCON	44Neutral	SEK 805.58M	-21.79	-14.10%	―	57.78%	-44.95%
SE:TOBII	42Neutral	SEK 161.10M	-0.31	-163.73%	―	-29.55%	-4399.57%
SE:BLINC.B	42Neutral	SEK 212.64M	-4.11	-98.57%	―	―	45.88%
SE:GAPW.B	38Underperform	SEK 252.18M	-2.79	-103.82%	―	-24.22%	-77.03%
SE:SIVE	38Underperform	SEK 4.96B	-20.23	-25.12%	―	-6.08%	-65.93%

* Technology Sector Average

Performance Comparison

SE:ACCON and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:ACCON	Acconeer AB	10.84	-0.10	-0.91%
SE:TOBII	Tobii AB	0.66	-0.85	-56.29%
SE:TAGM.B	TagMaster AB Class B	29.30	13.95	90.88%
SE:GAPW.B	Gapwaves AB Class B	7.33	-9.71	-56.98%
SE:BLINC.B	Terranet AB Class B	0.09	0.01	13.92%
SE:SIVE	Sivers Semiconductors AB	17.40	13.97	407.29%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 29, 2026

Acconeer AB AI Stock Analysis