Does Nokia Corp ADR (NYSE:NOK) Look Expensive At $3.59? Here’s How To Know.

In recent trading session, Nokia Corp ADR (NYSE:NOK) saw 5.23 million shares changing hands at last check today with its beta currently measuring 1.12. Company’s recent per share price level of $3.59 trading at -$0.12 or -3.37% at last check today assigns it a market valuation of $19.79B. That most recent trading price of NOK’s stock is at a discount of -21.45% from its 52-week high price of $4.36 and is indicating a premium of 18.11% from its 52-week low price of $2.94. Taking a look at company’s average trading volume volume of 14.12 million if we extend that period to 3-months.

Nokia Corp ADR (NYSE:NOK) trade information

Upright in the red during last session for losing -3.37%, in the last five days NOK remained trading in the red while hitting it’s week-highest on Monday, 06/10/24 when the stock touched $3.59 price level, adding 7.47% to its value on the day. Nokia Corp ADR’s shares saw a change of 4.82% in year-to-date performance and have moved -8.31% in past 5-day. Nokia Corp ADR (NYSE:NOK) showed a performance of -7.36% in past 30-days.

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Nokia Corp ADR (NOK) estimates and forecasts

Statistics highlight that Nokia Corp ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 10.31% of value to its shares in past 6 months, showing an annual growth rate of 19.35% while that of industry is -2.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.40% 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 5.26B for the same. And 6 analysts are in estimates of company making revenue of 6.03B in the next quarter.

In 2024, company’s earnings growth rate is likely to be around 15.68% while estimates for its earnings growth in next 5 years are of 6.72%.

NOK Dividends

Nokia Corp ADR is more likely to be releasing its next quarterly report in July 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.