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Nokia Oyj (NOK) Analysis & Forecast for 2023

Nokia Oyj (NYSE: NOK) is 0.86% higher on its value in year-to-date trading and has touched a low of $4.08 and a high of $5.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NOK stock was last observed hovering at around $4.66 in the last trading session, with the day’s gains setting it 0.02% off its average median price target of $6.30 for the next 12 months. It is also 43.2% off the consensus price target high of $8.24 offered by 32 analysts, but current levels are 5.26% higher than the price target low of $4.94 for the same period.

Currently trading at $4.68, the stock is -0.30% and -1.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.04 million and changing 0.43% at the moment leaves the stock -1.44% off its SMA200. NOK registered -2.70% loss for a year compared to 6-month loss of -8.77%.

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The stock witnessed a 0.43% gain in the last 1 month and extending the period to 3 months gives it a -4.29%, and is -1.27% 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 1.95% over the week and 1.75% over the month.

Nokia Oyj (NOK) has around 86896 employees, a market worth around $27.13B and $26.36B in sales. Current P/E ratio is 5.95 and Fwd P/E is 9.36. Profit margin for the company is 17.10%. Distance from 52-week low is 14.71% and -16.35% from its 52-week high. The company has generated returns on investments over the last 12 months (16.20%).

Nokia Oyj (NOK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Nokia Oyj (NOK) is a “Overweight”. 32 analysts offering their recommendations for the stock have an average rating of 2.30, where 9 rate it as a Hold and 4 think it is a “Overweight”. 19 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Nokia Oyj is expected to release its quarterly report on 04/20/2023.The EPS is expected to grow by 158.10% this year.

Nokia Oyj (NOK) Top Institutional Holders

The shares outstanding are 5.59B, and float is at 5.54B with Short Float at 0.23%.

Nokia Oyj (NOK): Who are the competitors?

The company’s main competitors (and peers) include BlackBerry Limited (BB) that is trading -40.38% down over the past 12 months and Apple Inc. (AAPL) that is -1.38% lower over the same period. Motorola Solutions Inc. (MSI) is 20.06% up on the 1-year trading charts.

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