In recent trading session, Nokia Corporation (NYSE:NOK) saw 69,776,717 shares changing hands with its beta currently measuring 0.55. Company’s recent per share price level of $4.86 trading at $0.41 or 9.21% at recent trade assigns it a market valuation of $25.84 Billion. That current trading price of NOK’s stock is at a discount of -12.14% from its 52-week high price of $5.45 and is indicating a premium of 51.85% from its 52-week low price of $2.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 27.91 Million shares which gives us an average trading volume of 30.35 Million if we extend that period to 3-months.
Nokia Corporation (NYSE:NOK) trade information
Upright in the green today for gaining 9.21%, in the last five days NOK remained trading in the green while hitting it’s week-highest on Friday, Jul 31 when the stock touched $4.95-1 price level, adding 1.81% to its value on the day. Nokia Corporation’s shares saw a change of 31.01% in year-to-date performance and have moved 13.04% in past 5-day. Nokia Corporation (NYSE:NOK) showed a performance of 10.47% in past 30-days. Number of shares sold short was 35.76 Million shares which calculate 1.18 days to cover the short interests.
Nokia Corporation (NOK) estimates and forecasts
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $5.73 Billion for the same. And 7 analysts are in estimates of company making revenue of $6.18 Billion in the next quarter that will end in September 01, 2020. Company posted $6.39 Billion and $6.32 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -10.4% while estimating it to be -2.3% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -67.2% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 102.5% while estimates for its earnings growth in next 5 years are of 14.1%
Nokia Corporation (NYSE:NOK)’s Major holders
Insiders are in possession of 0% of company’s total shares while institution are holding 4.78% percent of that, with stock having share float percentage of 4.78%. Investors also watch the number of corporate investors in a company very closely, which is 453 institutions for Nokia Corporation that are currently holding shares of the company. Primecap Management Company is the top institutional holder at NOK for having 28.6 Million shares of worth $88.65 Million. And as of March 30, 2020, it was holding 4.36% of the company’s outstanding shares.
The second largest institutional holder is Ariel Investments, LLC, which was holding about 17.84 Million shares on March 30, 2020. The number of shares represents firm’s hold over 2.72% of outstanding shares, having a total worth of $55.3 Million.
On the other hand, Primecap Odyssey Stock Fund and Vanguard Fenway Fds-Primecap Core Fund are the top two Mutual Funds which own company’s shares. As of April 29, 2020, the former fund manager was holding 4571242 shares of worth $16.37 Million or 0.7% of the total outstanding shares. The later fund manager was in possession of 4.48 Million shares on March 30, 2020, making its stake of worth around $13.88 Million in the company or a holder of 0.68% of company’s stock.