Nokia Corp ADR (NYSE:NOK)’s traded shares stood at 3.82 million during the latest session, with the company’s beta value hitting 1.08. At the last check today, the stock’s price was $4.30, to imply an increase of 3.00% or $0.13 in intraday trading. The NOK share’s 52-week high remains $4.95, putting it -15.12% down since that peak but still an impressive 31.63% since price per share fell to its 52-week low of $2.94. The company has a valuation of $24.06B, with an average of 15.89 million shares in intraday trading volume over the past 10 days and average of 20.40 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Nokia Corp ADR (NOK), translating to a mean rating of 2.38. Of 12 analyst(s) looking at the stock, 0 analyst(s) give NOK a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 10 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.14.
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Nokia Corp ADR (NYSE:NOK) trade information
After registering a 3.00% upside in the latest session, Nokia Corp ADR (NOK) has traded red over the past five days. The 5-day price performance for the stock is 2.51%, and -8.81% over 30 days. With these gigs, the year-to-date price performance is 25.58%. Short interest in Nokia Corp ADR (NYSE:NOK) saw shorts transact 56.46 million shares and set a 2.53 days time to cover.
The extremes give us $4.839744617 and $8 for target low and target high price respectively. As such, NOK has been trading -86.05% off suggested target high and -12.55% from its likely low.
Nokia Corp ADR (NOK) estimates and forecasts
Looking at statistics comparing Nokia Corp ADR share performance against respective industry, we note that the company has underperformed competitors. Nokia Corp ADR (NOK) shares are 8.73% up over the last 6 months, with its year-to-date growth rate lower than industry average at 9.68% against 21.10%. The rating firms project that company’s revenue will shrink -14.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 5.68B. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 4.42B.Earnings reports from the last fiscal year show that sales brought in 5.71B and 4.67B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.44% before dropping -5.26% in the following quarter.
NOK Dividends
Nokia Corp ADR has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Nokia Corp ADR has a forward dividend ratio of 0.14, with the share yield ticking at 3.27% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.5%.
Nokia Corp ADR (NYSE:NOK)’s Major holders
The next major institution holding the largest number of shares is PZENA INVESTMENT MANAGEMENT LLC with 82.52 million shares, or about 1.4935% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $311.94 million.
We also have Artisan International Value Fund and Fidelity Growth Company Fund as the top two Mutual Funds with the largest holdings of the Nokia Corp ADR (NOK) shares. Going by data provided on Sep 30, 2024, Artisan International Value Fund holds roughly 80.87 shares. This is just over 1.44% of the total shares, with a market valuation of $348.14 million. Data from the same date shows that the other fund manager holds a little less at 9.18, or 0.16% of the shares, all valued at about 39.54 million.
