In the latest trading session, 1.74 million Nokia Corp ADR (NYSE:NOK) shares changed hands as the company’s beta touched 1.08. With the company’s most recent per share price at $4.22 changed hands at -$0.01 or -0.35% at last look, the market valuation stands at $23.61B. NOK’s current price is a discount, trading about -17.3% off its 52-week high of $4.95. The share price had its 52-week low at $2.94, which suggests the last value was 30.33% up since then. When we look at Nokia Corp ADR’s average trading volume, we note the 10-day average is 21.53 million shares, with the 3-month average coming to 20.44 million.
Analysts gave the Nokia Corp ADR (NOK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.38. 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.
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Nokia Corp ADR (NYSE:NOK) trade information
Instantly NOK was in red as seen in intraday trades today. With action 0.84%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 23.25%, with the 5-day performance at 0.84% in the green. However, in the 30-day time frame, Nokia Corp ADR (NYSE:NOK) is -9.74% down. Looking at the short shares, we see there were 56.46 million shares sold at short interest cover period of 2.53 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.5, meaning bulls need an upside of 35.08% from its recent 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 -89.57% plunge from its current level, while the stock would need to soar -14.69% 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 not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 5.90% over the past 6 months, a 9.68% in annual growth rate that is considerably lower than the industry average of 21.10%. The 2024 estimates are for Nokia Corp ADR earnings to increase by 10.01%, 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 January. The 3.33% annual yield figure for the share gives it an annual dividend of 0.14. It is important to note, however, that the 3.33% 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.
Nokia Corp ADR (NYSE:NOK)’s Major holders
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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Artisan International Value Fund and Fidelity Growth Company Fund. With 80.87 shares estimated at $340.86 million under it, the former controlled 1.44% of total outstanding shares. On the other hand, Fidelity Growth Company Fund held about 0.16% of the shares, roughly 9.18 shares worth around $38.71 million.
