Why Buy stock in Nokia Corporation (NOK)? – Marketing Sentinel

Why Buy stock in Nokia Corporation (NOK)?

Nokia Corporation (NYSE:NOK) has a beta value of 0.75 and has seen 12,265,723 shares traded in the recent trading session. The company, currently valued at $23.68 Billion, closed the recent trade at $4.12 per share which meant it gained $0.05 on the day or 1.23% during that session. The NOK stock price is -137.62% off its 52-week high price of $9.79 and 23.79% above the 52-week low of $3.14. If we look at the company’s 10-day average daily trading volume, we find that it stood at 27.05 Million shares traded. The 3-month trading volume is 96.86 Million shares.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

The consensus among analysts is that Nokia Corporation (NOK) is an Overweight stock at the moment, with a recommendation rating of 2.8. 1 analysts rate the stock as a Sell, while 3 rate it as Overweight. 13 out of 29 have rated it as a Hold, with 12 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.

Nokia Corporation (NYSE:NOK) trade information

Sporting 1.23% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Apr 09 when the NOK stock price touched $4.15-0 or saw a rise of 0.48%. Year-to-date, Nokia Corporation shares have moved 5.63%, while the 5-day performance has seen it change 3.25%. Over the past 30 days, the shares of Nokia Corporation (NYSE:NOK) have changed -2.13%. Short interest in the company has seen 24.25 Million shares shorted with days to cover at 0.25.

Wall Street analysts have a consensus price target for the stock at $4.8, which means that the shares’ value could jump 16.5% from the levels at last check today. The projected low price target is $3.51 while the price target rests at a high of $6.08. In that case, then, we find that the latest price level in today’s session is +47.57% off the targeted high while a plunge would see the stock lose -14.81% from the levels at last check today.

Nokia Corporation (NOK) estimates and forecasts

6 analysts offering their estimates for the company have set an average revenue estimate of $5.8 Billion for the current quarter. 7 have an estimated revenue figure of $5.91 Billion for the next quarter concluding in June 01, 2021. Year-ago sales stood $5.4 Billion for this quarter, and analysts expect sales will grow by 7.3% for the current quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -28.4% over the past 5 years. Earnings growth for 2021 is a modest -20.7% while over the next 5 years, the company’s earnings are expected to increase by 12.37%.

Nokia Corporation (NYSE:NOK)’s Major holders

Insiders own 0.01% of the company shares, while shares held by institutions stand at 4.85% with a share float percentage of 4.85%. Investors are also buoyed by the number of investors in a company, with Nokia Corporation having a total of 527 institutions that hold shares in the company. The top two institutional holders are Neuberger Berman Group, LLC with over 28.07 Million shares worth more than $109.75 Million. As of December 30, 2020, Neuberger Berman Group, LLC held 0.49% of shares outstanding.

A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


The other major institutional holder is Arrowstreet Capital, Limited Partnership, with the holding of over 21.8 Million shares as of December 30, 2020. The firm’s total holdings are worth over $85.24 Million and represent 0.38% of shares outstanding.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Also the top two Mutual Funds that are holding company’s shares are ETF Series Solutions-Defiance Next Gen Connectivity ETF and AMG Managers Fairpointe Mid Cap Fund. As of March 30, 2021, the former fund manager holds about 0.14% shares in the company for having 8173210 shares of worth $32.37 Million while later fund manager owns 3.1 Million shares of worth $14.13 Million as of January 30, 2021, which makes it owner of about 0.05% of company’s outstanding stock.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Important Earnings

Insider Watchlist

We do not sell or share your information with anyone.