In today’s recent session, 7.75 million shares of the Nokia Corp ADR (NYSE:NOK) have been traded, and its beta is 1.10. Most recently the company’s share price was $4.24, and it changed around $0.09 or 2.29% from the last close, which brings the market valuation of the company to $23.15B. NOK at last check was trading at a discount to its 52-week high of $4.95, offering almost -16.75% off that amount. The share price’s 52-week low was $2.94, which indicates that the recent value has risen by an impressive 30.66% since then. We note from Nokia Corp ADR’s average daily trading volume that its 10-day average is 20.86 million shares, with the 3-month average coming to 20.48 million.
Nokia Corp ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.38. If we narrow it down even further, the data shows that 1 out of 17 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 9 recommended NOK as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Nokia Corp ADR is expected to report earnings per share of 0.14 for the current quarter.
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Nokia Corp ADR (NYSE:NOK) trade information
Instantly NOK has been showing a green trend so far today with a performance of 2.29% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.53 on recent trading dayincreased the stock’s daily price by 6.4%. The company’s shares are currently up 24.12% year-to-date, but still down -4.82% over the last five days. On the other hand, Nokia Corp ADR (NYSE:NOK) is -9.87% down in the 30-day period. We can see from the shorts that 58.43 million shares have been sold at a short interest cover period of 2.76 day(s).
The consensus price target as assigned by Wall Street analysts is $6.5, which translates to bulls needing to increase their stock price by 34.77% from its current value. Analyst projections state that NOK is forecast to be at a low of $4.839744617 and a high of $8.
Nokia Corp ADR (NOK) estimates and forecasts
Nokia Corp ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 7.47 percent over the past six months and at a 9.68% annual growth rate that is well below the industry average of 20.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 27.45% in revenue this quarter, and will report a decrease of -43.56% in the next quarter. The year-over-year growth rate is expected to be -14.15%, down from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 5.68B in revenue for the current quarter. 6 analysts expect Nokia Corp ADR to make 4.4B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 5.71B and 4.67B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.44%. Forecasts for the next quarter put sales growth at -5.62%.
Nokia Corp ADR earnings are expected to increase by 10.36% in 2024, but the outlook is positive 11.12% per year for the next five years.
NOK Dividends
Nokia Corp ADR’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 3.31 percent and its annual dividend per share was 0.14. It is important to note, however, that the 3.31% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.5 per year.
Nokia Corp ADR (NYSE:NOK)’s Major holders
PZENA INVESTMENT MANAGEMENT LLC, with 1.4935% or 82.52 million shares worth $311.94 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Artisan International Value Fund and Fidelity Growth Company Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 81.83 shares worth $346.54 million, making up 1.46% of all outstanding shares. On the other hand, Fidelity Growth Company Fund held roughly 9.18 shares worth around $38.89 million, which represents about 0.16% of the total shares outstanding.
