Nokia Corporation (NYSE: NOK) is 33.96% higher on its value in year-to-date trading and has touched a low of $2.34 and a high of $5.32 in the current 52-week trading range. The NOK stock was last observed hovering at around $5.01 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $5.61 for the next 12 months. It is also 32.29% off the consensus price target high of $7.34 offered by 31 analysts, but current levels are -35.42% lower than the price target low of $3.67 for the same period.
Currently trading at $4.97, the stock is -0.85% and 7.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.77 million and changing -0.80% at the moment leaves the stock 27.57% off its SMA200. NOK registered 1.02% gain for a year compared to 6-month gain of 26.46%. The firm has a 50-day simple moving average (SMA 50) of $4.7469 and a 200-day simple moving average (SMA200) of $3.9681.
The stock witnessed a 11.69% loss in the last 1 month and extending the period to 3 months gives it a 18.33%, and is 0.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.45% over the week and 1.99% over the month.
Nokia Corporation (NOK) has around 98322 employees, a market worth around $28.36B and $26.71B in sales. Current P/E ratio is 37.65 and Fwd P/E is 14.70. Profit margin for the company is 2.80%. Distance from 52-week low is 112.39% and -6.67% from its 52-week high. The company has generated returns on investments over the last 12 months (1.70%).
Nokia Corporation (NOK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Nokia Corporation (NOK) is a “Overweight”. 31 analysts offering their recommendations for the stock have an average rating of 2.50, where 11 rate it as a Hold and 1 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Nokia Corporation is expected to release its quarterly report on 10/29/2020 and quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $6.3B over the same period.The EPS is expected to grow by 102.50% this year, but quarterly earnings will post -2.50% year-over-year. Quarterly sales are estimated to shrink -0.40% in year-over-year returns.
Nokia Corporation (NOK) Top Institutional Holders
453 institutions hold shares in Nokia Corporation (NOK), with institutional investors hold 4.78% of the company’s shares. The shares outstanding are 5.61B, and float is at 5.36B with Short Float at 0.70%. Institutions hold 4.78% of the Float.
The top institutional shareholder in the company is Primecap Management Company with over 27.78 million shares valued at $122.22 million. The investor’s holdings represent 4.23% of the NOK Shares outstanding. As of Jun 29, 2020, the second largest holder is Ariel Investments, LLC with 15.72 million shares valued at $69.17 million to account for 2.39% of the shares outstanding. The other top investors are AllianceBernstein, L.P. which holds 9.24 million shares representing 1.41% and valued at over $40.64 million, while Nuveen Asset Management holds 1.33% of the shares totaling 8.71 million with a market value of $38.33 million.
Nokia Corporation (NOK): Who are the competitors?
The company’s main competitors (and peers) include BlackBerry Limited (BB) that is trading -24.86% down over the past 12 months. Motorola Solutions Inc. (MSI) is -15.22% down on the 1-year trading charts. Short interest in the company’s stock has risen 2.83% from the last report on Jul 14, 2020 to stand at a total of 35.76 million short shares sold with a short interest ratio of 1.09.