Theon International (THEON.AS) stock calls: who's bullish, who's bearish, and their track records
As of November 5, 2026, MCAFax has logged 3 calls on Theon International (THEON.AS) from 2 tracked investors: 3 bullish, 0 bearish and 0 neutral. The most recent is bullish, posted by @DeepSailCapital on Oct 22, 2026 when THEON.AS last closed at 28.00 EUR. None of these calls has been scored yet; calls are scored 180 days after the post.
Not investment advice; for research and education.
Who is bullish and who is bearish on THEON.AS?
Consensus: bullish. Every current directional call on THEON.AS points the same way (Quartz Sea Research (@QuartzResearch) and Deep Sail Capital (@DeepSailCapital)).
Every logged THEON.AS call
| Date | Player | Call | Price at call | Current / outcome | Result | Source |
|---|---|---|---|---|---|---|
| Oct 22, 2026 | Deep Sail Capital (@DeepSailCapital) | Bullish (long) | 28.00 EUR | Open; scored 180 days after the post | Open (reiteration, counted once) | post |
| Oct 21, 2026 | Deep Sail Capital (@DeepSailCapital) | Bullish (long) | 28.00 EUR | Open; scored 180 days after the post | Open (reiteration, counted once) | post |
| Sep 21, 2026 | Quartz Sea Research (@QuartzResearch) | Bullish (long) | 31.72 EUR | 28.00 EUR on Oct 21, 2026 | Open (not yet scored) | post |
Dates are the post date in US Central time. Prices are closes in the listing currency. Open calls are not marked to market on this page; they are scored 180 days after the post.
The bull case for THEON.AS
- Reply thesis: Theon is NATO's night-vision franchise and has just moved into counter-drone systems. (Deep Sail Capital (@DeepSailCapital), Oct 22, 2026; source)
- Names Theon International as a favorite long near its 52-week low. (Deep Sail Capital (@DeepSailCapital), Oct 21, 2026; source)
- Argues Theon's asset-light assembly model avoids heavy factory capex and converts most EBITDA into free cash flow while holding large joint NATO procurement contracts. (Quartz Sea Research (@QuartzResearch), Sep 21, 2026; source)
The bear case for THEON.AS
No tracked investor has a current bearish thesis on THEON.AS.
Thesis lines are MCAFax summaries in our own words; follow the source link for the author's full post.
In their own words
- @DeepSailCapital (Oct 22, 2026): "Theon is NATO's night-vision franchise, just got into counter drones."
- @DeepSailCapital (Oct 21, 2026): "Theon $THEON"
- @QuartzResearch (Sep 21, 2026): "Theon International (THEON-NL) bypassed that capex trap entirely."
Track records of the players calling THEON.AS
| Player | Calls on THEON.AS | Career W-L | Win % | Avg edge vs S&P | Status |
|---|---|---|---|---|---|
| Deep Sail Capital (@DeepSailCapital) | 2 | 13-12 | .520 | +8.9 | Ranked #6 (career) |
| Quartz Sea Research (@QuartzResearch) | 1 | 0-0 | - | - | No scored calls yet |
See the full market-calls leaderboard for every player's record.
How we score these calls
A call wins when, 180 days after the post, the stock beat the S&P 500 in the direction the investor called (a long must outperform the index, a short must underperform it). Edge is the gap versus the S&P 500 in percentage points. Price at call is the last close known at the time of the post (Yahoo Finance daily bars, split-adjusted, in the listing currency). Track records cover calls from roughly the past year.
Last updated: November 5, 2026
Not investment advice; for research and education.
FAQ
Who is bullish on Theon International (THEON.AS)?
As of November 5, 2026, @DeepSailCapital and @QuartzResearch have logged bullish calls on THEON.AS. Current bullish voices: @QuartzResearch and @DeepSailCapital.
Who is bearish on THEON.AS?
As of November 5, 2026, none of the investors MCAFax tracks has made a bearish call on THEON.AS.
What is the consensus on THEON.AS among tracked investors?
Current calls on THEON.AS lean bullish; no tracked investor is on the other side right now.
What price was THEON.AS at when these calls were made?
Prices at call ranged from 28.00 EUR to 31.72 EUR. The most recent call was made when THEON.AS last closed at 28.00 EUR. We use the last close known when each post went up.
How have past THEON.AS calls performed?
No THEON.AS call has been scored yet. Calls are scored 180 days after the post against the S&P 500.
Is there a contrarian call on THEON.AS?
Consensus: bullish. Every current directional call on THEON.AS points the same way (Quartz Sea Research (@QuartzResearch) and Deep Sail Capital (@DeepSailCapital)).
How does MCAFax score stock calls?
A call wins when, 180 days after the post, the stock beat the S&P 500 in the direction the investor called (a long must outperform the index, a short must underperform it). Edge is the gap versus the S&P 500 in percentage points. Price at call is the last close known at the time of the post (Yahoo Finance daily bars, split-adjusted, in the listing currency). Track records cover calls from roughly the past year.
Where do these calls come from?
Public posts on X by investors MCAFax tracks. Each call links to the original post, and we log only posts that name a ticker and take a side. Theses are summarized in our own words.
Is this investment advice?
No. This page is journalism and research for education. It reports what tracked investors said and how their past calls performed.
How often is the THEON.AS page updated?
It is regenerated from the MCAFax market-calls database whenever new calls are logged or scored. This version is current as of November 5, 2026.