Nokia Corporation (NYSE: NOK) is -2.30% lower on its value in year-to-date trading and has touched a low of $2.34 and a high of $9.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NOK stock was last observed hovering at around $3.98 in the last trading session, with the day’s loss setting it -0.16% off its average median price target of $4.80 for the next 12 months. It is also 39.84% off the consensus price target high of $6.35 offered by 30 analysts, but current levels are -3.8% lower than the price target low of $3.68 for the same period.
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Currently trading at $3.82, the stock is -7.49% and -8.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 77.06 million and changing -4.02% at the moment leaves the stock -9.47% off its SMA200. NOK registered -1.04% loss for a year compared to 6-month loss of -19.24%. The firm has a 50-day simple moving average (SMA 50) of $4.3124 and a 200-day simple moving average (SMA200) of $4.1465.
The stock witnessed a -15.67% gain in the last 1 month and extending the period to 3 months gives it a -5.91%, and is -5.68% 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 3.31% over the week and 3.49% over the month.
Nokia Corporation (NOK) has around 98322 employees, a market worth around $23.13B and $26.63B in sales. Fwd P/E is 13.79. Profit margin for the company is 2.80%. Distance from 52-week low is 63.25% and -60.98% 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”. 30 analysts offering their recommendations for the stock have an average rating of 2.70, where 13 rate it as a Hold and 1 think it is a “Overweight”. 13 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 $0.01 with sales reaching $5.8B over the same period.The EPS is expected to grow by 102.50% this year, but quarterly earnings will post 3.20% year-over-year. Quarterly sales are estimated to grow 7.40% in year-over-year returns.
Nokia Corporation (NOK) Top Institutional Holders
505 institutions hold shares in Nokia Corporation (NOK), with 449.4k 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 5.38B with Short Float at 0.90%. Institutions hold 4.71% of the Float.
The top institutional shareholder in the company is Neuberger Berman Group, LLC with over 28.07 million shares valued at $109.75 million. The investor’s holdings represent 0.49% of the NOK Shares outstanding. As of Dec 30, 2020, the second largest holder is Arrowstreet Capital, Limited Partnership with 21.8 million shares valued at $85.24 million to account for 0.38% of the shares outstanding. The other top investors are UBS Group AG which holds 12.69 million shares representing 0.22% and valued at over $49.62 million, while Acadian Asset Management holds 0.20% of the shares totaling 11.39 million with a market value of $44.54 million.
Nokia Corporation (NOK): Who are the competitors?
The company’s main competitors (and peers) include BlackBerry Limited (BB) that is trading 100.00% up over the past 12 months. Motorola Solutions Inc. (MSI) is -4.11% down on the 1-year trading charts. Short interest in the company’s stock has fallen -23.37% from the last report on Jan 14, 2021 to stand at a total of 59.55 million short shares sold with a short interest ratio of 0.35.