Things appear to be looking up for Nokia Corporation (NOK)

Nokia Corporation (NYSE: NOK) is 4.35% higher on its value in year-to-date trading and has touched a low of $2.34 and a high of $5.14 in the current 52-week trading range. The NOK stock was last observed hovering at around $4.08 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $4.49 for the next 12 months. It is also 34.04% off the consensus price target high of $6.14 offered by 31 analysts, but current levels are -15.71% lower than the price target low of $3.50 for the same period.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Currently trading at $4.05, the stock is 2.45% and 2.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.69 million and changing -0.61% at the moment leaves the stock -0.48% off its SMA200. NOK registered -2.86% loss for a year compared to 6-month loss of -7.06%. The firm has a 50-day simple moving average (SMA 50) of $4.0055 and a 200-day simple moving average (SMA200) of $4.1993.

The stock witnessed a -0.49% gain in the last 1 month and extending the period to 3 months gives it a 0.99%, and is 3.82% up 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 2.77% over the week and 2.05% over the month.

Nokia Corporation (NOK) has around 98322 employees, a market worth around $23.25B and $26.99B in sales. Current P/E ratio is 25.50 and Fwd P/E is 16.32. Profit margin for the company is 3.30%. Distance from 52-week low is 73.29% and -21.11% 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 2.70, where 13 rate it as a Hold and 3 think it is a “Overweight”. 14 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 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $0.13 with sales reaching $7.46B over the same period.The EPS is expected to grow by 102.50% this year, but quarterly earnings will post -3.50% year-over-year. Quarterly sales are estimated to shrink -2.40% in year-over-year returns.

Nokia Corporation (NOK) Top Institutional Holders

505 institutions hold shares in Nokia Corporation (NOK), with 449.36k shares held by insiders accounting for 0.01% while institutional investors hold 4.71% of the company’s shares. The shares outstanding are 5.61B, and float is at 5.36B with Short Float at 0.94%. Institutions hold 4.71% of the Float.

The top institutional shareholder in the company is Acadian Asset Management with over 20.76 million shares valued at $81.18 million. The investor’s holdings represent 3.16% of the NOK Shares outstanding. As of Sep 29, 2020, the second largest holder is Ariel Investments, LLC with 14.53 million shares valued at $56.8 million to account for 2.21% of the shares outstanding. The other top investors are Morgan Stanley which holds 13.05 million shares representing 1.99% and valued at over $51.03 million, while UBS Group AG holds 1.76% of the shares totaling 11.55 million with a market value of $45.18 million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Nokia Corporation (NOK): Who are the competitors?

The company’s main competitors (and peers) include BlackBerry Limited (BB) that is trading 44.28% up over the past 12 months. Motorola Solutions Inc. (MSI) is 0.40% up on the 1-year trading charts. Short interest in the company’s stock has fallen -1.25% from the last report on Nov 29, 2020 to stand at a total of 51.15 million short shares sold with a short interest ratio of 2.24.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free