Nokia Corp ADR (NOK) on Track to Reach $3.71 in a Year

Nokia Corp ADR (NYSE: NOK) is -27.80% lower on its value in year-to-date trading and has touched a low of $2.94 and a high of $5.04 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 $3.36 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $3.71 for the next 12 months. It is also 48.46% off the consensus price target high of $6.50 offered by 29 analysts, but current levels are -24.07% lower than the price target low of $2.70 for the same period.

Currently trading at $3.35, the stock is 1.99% and -0.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.87 million and changing -0.30% at the moment leaves the stock -14.72% off its SMA200. NOK registered -27.33% loss for a year compared to 6-month loss of -18.69%. The firm has a 50-day simple moving average (SMA 50) of $0.71 and a 200-day simple moving average (SMA200) of $5.32.

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The stock witnessed a -5.63% gain in the last 1 month and extending the period to 3 months gives it a -10.19%, and is 3.72% 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 1.65% over the week and 1.99% over the month.

Current P/E ratio is 4.75 and Fwd P/E is 9.19. Profit margin for the company is 15.61%. Distance from 52-week low is 13.95% and -33.53% from its 52-week high. The company has generated returns on investments over the last 12 months (14.66%).

Nokia Corp ADR (NOK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Nokia Corp ADR (NOK) is a “Overweight”. 29 analysts offering their recommendations for the stock have an average rating of 2.14, where 14 rate it as a Hold and 2 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Nokia Corp ADR is expected to release its quarterly report on 01/25/2024.The EPS is expected to shrink by -24.64% this year.

Nokia Corp ADR (NOK) Top Institutional Holders

The shares outstanding are 5.59B, and float is at 5.51B with Short Float at 0.41%.

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

The company’s main competitors (and peers) include BlackBerry Ltd. (BB) that is trading 6.18% up over the past 12 months. Apple Inc. (AAPL) that is 46.41% higher over the same period.