In the last trading session, 27.55 million Nokia Corp ADR (NYSE:NOK) shares changed hands as the company’s beta touched 1.13. With the company’s per share price at $4.79 changed hands at $0.04 or 0.84% during last session, the market valuation stood at $26.12B. NOK’s last price was a premium, traded about 0.21% off its 52-week high of $4.78. The share price had its 52-week low at $2.94, which suggests the last value was 38.62% up since then. When we look at Nokia Corp ADR’s average trading volume, we note the 10-day average is 23.93 million shares, with the 3-month average coming to 17.73 million.

Analysts gave the Nokia Corp ADR (NOK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.40. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended NOK as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Nokia Corp ADR’s EPS for the current quarter is expected to be 0.13.

Nokia Corp ADR (NYSE:NOK) trade information

Instantly NOK was in green as seen at the end of in last trading. With action 8.86%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 40.06%, with the 5-day performance at 8.86% in the green. However, in the 30-day time frame, Nokia Corp ADR (NYSE:NOK) is 11.92% up. Looking at the short shares, we see there were 47.79 million shares sold at short interest cover period of 2.07 days.

The consensus price target for the stock as assigned by Wall Street analysts is 6.5, meaning bulls need an upside of 26.31% from its current market value. According to analyst projections, NOK’s forecast low is 4.839744617 with 8 as the target high. To hit the forecast high, the stock’s price needs a -67.01% plunge from its current level, while the stock would need to soar -1.04% for it to hit the projected low.

Nokia Corp ADR (NOK) estimates and forecasts

Data shows that the Nokia Corp ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 29.81% over the past 6 months, a 12.90% in annual growth rate that is considerably higher than the industry average of 5.20%. Year-over-year growth is forecast to reach -12.10% down from the last financial year.

Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 6.23B. 4 analysts are of the opinion that Nokia Corp ADR’s revenue for the current quarter will be 4.82B. The company’s revenue for the corresponding quarters a year ago was 6.14B and 5.1B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.50%. The estimates for the next quarter sales put growth at -5.60%.

The 2024 estimates are for Nokia Corp ADR earnings to increase by 12.27%, but the outlook for the next 5-year period is at 11.12% per year.

NOK Dividends

Nokia Corp ADR is expected to release its next quarterly earnings report in November. The 2.92% annual yield figure for the share gives it an annual dividend of 0.14. It is important to note, however, that the 2.92% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.5 per year.

PZENA INVESTMENT MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 1.4935% or 82.52 million shares worth $311.94 million as of 2024-06-30.