In last trading session, Nokia Corp ADR (NYSE:NOK) saw 51.21 million shares changing hands with its beta currently measuring 1.13. Company’s recent per share price level of $4.75 trading at $0.41 or 9.45% at ring of the bell on the day assigns it a market valuation of $25.90B. That closing price of NOK’s stock is at a premium of 4.84% from its 52-week high price of $4.52 and is indicating a premium of 38.11% from its 52-week low price of $2.94. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 18.21 million shares which gives us an average trading volume of 17.52 million if we extend that period to 3-months.
For Nokia Corp ADR (NOK), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.14 in the current quarter.
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Nokia Corp ADR (NYSE:NOK) trade information
Upright in the green during last session for gaining 9.45%, in the last five days NOK remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $4.75 price level, adding 0.63% to its value on the day. Nokia Corp ADR’s shares saw a change of 38.89% in year-to-date performance and have moved 8.94% in past 5-day. Nokia Corp ADR (NYSE:NOK) showed a performance of 11.76% in past 30-days. Number of shares sold short was 47.79 million shares which calculate 2.07 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.5 to the stock, which implies a rise of 26.92% to its current value. Analysts have been projecting 4.839744617 as a low price target for the stock while placing it at a high target of 8. It follows that stock’s current price would drop -1.89% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1.89% for stock’s current value.
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 34.94% of value to its shares in past 6 months, showing an annual growth rate of 16.13% while that of industry is 5.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -9.40% 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 6.6B for the same. And 3 analysts are in estimates of company making revenue of 5.23B in the next quarter. Company posted 6.14B and 5.1B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 13.27% while estimates for its earnings growth in next 5 years are of 11.12%.
NOK Dividends
Nokia Corp ADR is more likely to be releasing its next quarterly report on 2025-Jan-23 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. With an annual yield of 2.94%, the share has a forward dividend of 0.14 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.5%.
Nokia Corp ADR (NYSE:NOK)’s Major holders
ARTISAN PARTNERS LIMITED PARTNERSHIP is the top institutional holder at NOK for having 106.76 million shares of worth $403.54 million. And as of 2024-06-30, it was holding 1.932 of the company’s outstanding shares.
The second largest institutional holder is PZENA INVESTMENT MANAGEMENT LLC, which was holding about 82.52 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.4935 of outstanding shares, having a total worth of $311.94 million.
On the other hand, Artisan International Value Fund and Fidelity Growth Company Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 81.83 shares of worth $388.68 million or 1.46% of the total outstanding shares. The later fund manager was in possession of 4.43 shares on Aug 31, 2024 , making its stake of worth around $21.05 million in the company or a holder of 0.08% of company’s stock.
