In today’s recent session, 37,431,838 shares of the Nokia Corporation(NYSE:NOK) have been traded, and its beta is 0.69. Most recently the company’s share price was $3.96, and it changed around $0 or 0% from the last close, which brings the market valuation of the company to $23.02 Billion. NOK at last check was trading at a discount to its 52-week high of $9.79, offering almost -147.22% off that amount. The share price’s 52-week low was $2.34, which indicates that the recent value has risen by an impressive 40.91% since then. We note from Nokia Corporation’s average daily trading volume that its 10-day average is 44.14 Million shares, with the 3-month average coming to 86Million.
Nokia Corporation stock received a consensus recommendation rating of Overweight, based on a mean score of 2.7. If we narrow it down even further, the data shows that 1 out of 30 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 13 recommended NOK as a Hold, whereas 13 deemed it a Buy, and 2 rated it as Underweight. Nokia Corporation is expected to report earnings per share of $0.01 for the current quarter.
Nokia Corporation (NYSE:NOK): Trading Information Today
Although NOK has been showing red trend so far today with a performance of 0% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $4.14- on Friday, Feb 19 increased the stock’s daily price by 4.56%. The company’s shares are currently up 0.01% year-to-date, but still down -0.0433 over the last five days. On the other hand, Nokia Corporation (NYSE:NOK) is -0.06% down in the 30-day period. We can see from the shorts that 56.84 Million shares have been sold at a short interest cover period of 0.66 day(s).
The consensus price target as assigned by Wall Street analysts is $4.83, which translates to bears needing to increase their stock price by 21.97% from its current value. Analyst projections state that NOK is forecast to be at a low of $3.68 and a high of $6.35. In order for the stock price to hit the forecast high, the stock would need to surge +60.35% from its current level, while the stock would need to crash -7.07% from its current level to reach the projected low.
Nokia Corporation (NOK) projections and forecasts
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $5.81 Billion in revenue for the current quarter. 7 analysts expect Nokia Corporation to make $6.04 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarter a year ago was $5.4 Billion. Analysts predict that the company’s current quarter sales will jump, forecast at 7.6%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -67.2%. Nokia Corporation earnings are expected to increase by 102.5% in 2021, but the outlook is positive 11.02% per year for the next five years.
Nokia Corporation (NYSE:NOK)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.01% of Nokia Corporation shares, and 4.71% of them are in the hands of institutional investors. The stock currently has a share float of 4.71%. Nokia Corporation stock is held by 505 institutions, with Neuberger Berman Group, LLC being the largest institutional investor. By Dec 30, 2020, it held 4.27% of the shares, which is about 28.07 Million shares worth $109.75 Million.
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Arrowstreet Capital, Limited Partnership, with 3.32% or 21.8 Million shares worth $85.24 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
ETF Series Solutions-Defiance Next Gen Connectivity ETF and AMG Managers Fairpointe Mid Cap Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 6688181 shares worth $26.15 Million, making up 1.02% of all outstanding shares. On the other hand, AMG Managers Fairpointe Mid Cap Fund held roughly 3.26 Million shares worth around $10.97 Million, which represents about 0.5% of the total shares outstanding.