During the last session, Nokia Corp ADR (NYSE:NOK)’s traded shares were 17.1 million, with the beta value of the company hitting 1.13. At the end of the trading day, the stock’s price was $4.78, reflecting an intraday loss of -1.44% or -$0.07. The 52-week high for the NOK share is $4.95, that puts it down -3.56 from that peak though still a striking 38.49% gain since the share price plummeted to a 52-week low of $2.94. The company’s market capitalization is $26.06B, and the average intraday trading volume over the past 10 days was 28.54 million shares, and the average trade volume was 19.17 million shares over the past three months.
Nokia Corp ADR (NOK) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.35. NOK has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.13.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Nokia Corp ADR (NYSE:NOK) trade information
Nokia Corp ADR (NOK) registered a -1.44% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.44% in intraday trading to $4.78, hitting a weekly high. The stock’s 5-day price performance is 2.14%, and it has moved by 9.89% in 30 days. Based on these gigs, the overall price performance for the year is 45.29%. The short interest in Nokia Corp ADR (NYSE:NOK) is 48.8 million shares and it means that shorts have 2.61 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.5, which implies an increase of 26.46% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.839744617 and $8 respectively. As a result, NOK is trading at a discount of -67.36% off the target high and -1.25% off the low.
Nokia Corp ADR (NOK) estimates and forecasts
Statistics show that Nokia Corp ADR has outperformed its competitors in share price, compared to the industry in which it operates. Nokia Corp ADR (NOK) shares have gone up 30.96% during the last six months, with a year-to-date growth rate more than the industry average at 9.68% against 4.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 18.20% this quarter and then drop -50.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -12.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.23B as predicted by 6 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 4.82B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 6.14B and 5.1B respectively. In this case, analysts expect current quarter sales to grow by 1.50% and then drop by -5.60% in the coming quarter.
While earnings are projected to return 10.47% in 2024, the next five years will return 11.12% per annum.
NOK Dividends
Nokia Corp ADR is due to release its next quarterly earnings on 2025-Jan-23. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Nokia Corp ADR is 0.14, with the dividend yield indicating at 2.93 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.5%.
The next largest institutional holding, with 82.52 million shares, is of PZENA INVESTMENT MANAGEMENT LLC’s that is approximately 1.4935% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $311.94 million.
