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.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

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.