Nokia Corp ADR (NYSE: NOK) Up 27.61% YTD: Could Trouble Be Ahead?

Nokia Corp ADR (NYSE:NOK)’s traded shares stood at 3.24 million during the latest session, with the company’s beta value hitting 1.13. At the last check today, the stock’s price was $4.36, to imply a decrease of -0.58% or -$0.03 in intraday trading. The NOK share’s 52-week high remains $4.52, putting it -3.67% down since that peak but still an impressive 32.57% since price per share fell to its 52-week low of $2.94. The company has a valuation of $24.00B, with an average of 21.86 million shares in intraday trading volume over the past 10 days and average of 16.95 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Nokia Corp ADR (NOK), translating to a mean rating of 2.37. Of 12 analyst(s) looking at the stock, 0 analyst(s) give NOK a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 10 recommend it as a Buy.

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Nokia Corp ADR (NYSE:NOK) trade information

After registering a -0.58% downside in the latest session, Nokia Corp ADR (NOK) has traded red over the past five days. The 5-day price performance for the stock is 0.10%, and -0.36% over 30 days. With these gigs, the year-to-date price performance is 27.61%. Short interest in Nokia Corp ADR (NYSE:NOK) saw shorts transact 32.63 million shares and set a 1.9 days time to cover.

The extremes give us $4.839744617 and $8 for target low and target high price respectively. As such, NOK has been trading -83.49% off suggested target high and -11.0% from its likely low.

Nokia Corp ADR (NOK) estimates and forecasts

Looking at statistics comparing Nokia Corp ADR share performance against respective industry, we note that the company has outperformed competitors. Nokia Corp ADR (NOK) shares are 23.64% up over the last 6 months, with its year-to-date growth rate higher than industry average at 16.13% against 6.60%.

NOK Dividends

Nokia Corp ADR has its next earnings report out on 2024-Oct-17. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Nokia Corp ADR has a forward dividend ratio of 0.14, with the share yield ticking at 3.20% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.5%.

Nokia Corp ADR (NYSE:NOK)’s Major holders

The next major institution holding the largest number of shares is PZENA INVESTMENT MANAGEMENT LLC with 82.52 million shares, or about 1.4935% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $311.94 million.