Nokia Corp ADR (NOK) Analysis & Opinions from Experts

Nokia Corp ADR (NYSE: NOK) is 4.97% higher on its value in year-to-date trading and has touched a low of $2.94 and a high of $4.97 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 $3.68 in the last trading session, with the day’s loss setting it -0.09%.

Currently trading at $3.59, the stock is 0.79% and 4.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.2 million and changing -2.45% at the moment leaves the stock -4.19% off its SMA200. NOK registered -23.29% loss for a year compared to 6-month loss of -9.11%. The firm has a 50-day simple moving average (SMA 50) of $0.75 and a 200-day simple moving average (SMA200) of $5.99.

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The stock witnessed a 2.87% gain in the last 1 month and extending the period to 3 months gives it a 3.16%, and is 1.13% 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 1.61% over the week and 1.92% over the month.

Nokia Corp ADR (NOK) has around Jan 29 2024 employees, a market worth around $19.79B and $24.06B in sales. Current P/E ratio is 28.61 and Fwd P/E is 9.54. Profit margin for the company is 3.04%. Distance from 52-week low is 22.11% and -27.77% from its 52-week high. The company has generated returns on investments over the last 12 months (2.69%).

Nokia Corp ADR quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $5.09B over the same period.The EPS is expected to grow by 19.02% this year, but quarterly earnings will post -3.60% year-over-year. Quarterly sales are estimated to shrink -19.00% in year-over-year returns.

Nokia Corp ADR (NOK) Top Institutional Holders

507 institutions hold shares in Nokia Corp ADR (NOK), with institutional investors hold 6.09% of the company’s shares. The shares outstanding are 5.59B, and float is at 5.51B with Short Float at 0.35%. Institutions hold 6.09% of the Float.

The top institutional shareholder in the company is Artisan Partners Limited Partnership with over 91.77 million shares valued at $381.78 million. The investor’s holdings represent 1.63% of the NOK Shares outstanding. As of Jun 29, 2023, the second largest holder is Folketrygdfondet with 18.97 million shares valued at $78.93 million to account for 0.34% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 18.53 million shares representing 0.33% and valued at over $77.09 million, while Optiver Holding B.v. holds 0.32% of the shares totaling 18.05 million with a market value of $75.1 million.

Nokia Corp ADR (NOK): Who are the competitors?

The company’s main competitors (and peers) include BlackBerry Ltd. (BB) that is trading -33.01% down over the past 12 months. Apple Inc. (AAPL) that is 22.75% higher over the same period.