In recent trading session, Nokia Corporation (NYSE:NOK) saw 8.34 million shares changing hands at last check today with its beta currently measuring 0.80. Company’s recent per share price level of $5.84 trading at -$0.05 or -0.76% at last check today assigns it a market valuation of $34.71B. That most recent trading price of NOK’s stock is at a discount of -67.64% from its 52-week high price of $9.79 and is indicating a premium of 35.79% from its 52-week low price of $3.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 24.3 million shares which gives us an average trading volume of 20.97 million if we extend that period to 3-months.
For Nokia Corporation (NOK), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 30 analysts covering the stock, 0 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 12 suggested the stock as a Hold whereas 15 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.12 in the current quarter.
Nokia Corporation (NYSE:NOK) trade information
Upright in the red during last session for losing -0.76%, in the last five days NOK remained trading in the red while hitting it’s week-highest on Tuesday, 01/11/22 when the stock touched $5.84 price level, adding 6.71% to its value on the day. Nokia Corporation’s shares saw a change of -5.31% in year-to-date performance and have moved -3.76% in past 5-day. Nokia Corporation (NYSE:NOK) showed a performance of -1.17% in past 30-days. Number of shares sold short was 43.6 million shares which calculate 1.9 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $7.01 to the stock, which implies a rise of 16.69% to its recent value today. Analysts have been projecting $5.87 as a low price target for the stock while placing it at a high target of $8.00. It follows that stock’s current price would drop -36.99% in reaching the projected high whereas dropping to the targeted low would mean a loss of -0.51% for stock’s current value.
Nokia Corporation (NOK) estimates and forecasts
Statistics highlight that Nokia Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 3.70% of value to its shares in past 6 months, showing an annual growth rate of 30.00% while that of industry is 11.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -29.40% in the current quarter and calculating -14.30% decrease in the next quarter. This year revenue growth is estimated to rise 3.30% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $7.5 billion for the same. And 4 analysts are in estimates of company making revenue of $5.98 billion in the next quarter that will end on Mar 2022. Company posted $7.83 billion and $5.83 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -4.30% while estimating it to be 2.60% 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 -28.40% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 37.90% while estimates for its earnings growth in next 5 years are of 17.85%.
Nokia Corporation is more likely to be releasing its next quarterly report in February and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Nokia Corporation (NYSE:NOK)’s Major holders
Insiders are in possession of 0.00% of company’s total shares while institution are holding 8.47 percent of that, with stock having share float percentage of 8.47%. Investors also watch the number of corporate investors in a company very closely, which is 8.47% institutions for Nokia Corporation that are currently holding shares of the company. Artisan Partners Limited Partnership is the top institutional holder at NOK for having 65.06 million shares of worth $354.58 million. And as of Sep 29, 2021, it was holding 1.15% of the company’s outstanding shares.
The second largest institutional holder is Neuberger Berman Group, LLC, which was holding about 52.23 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 0.92% of outstanding shares, having a total worth of $284.64 million.
On the other hand, Artisan International Value Fund and ETF Series Solutions-Defiance Next Gen Connectivity ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 47.23 million shares of worth $257.4 million or 0.83% of the total outstanding shares. The later fund manager was in possession of 5.71 million shares on Sep 29, 2021, making its stake of worth around $31.11 million in the company or a holder of 0.10% of company’s stock.